Black Knight: Mortgage Delinquencies Declined in March, First time below 5% since August 2007

According to Black Knight's First Look report for March, the percent of loans delinquent decreased 12% in March compared to February, and declined 15% year-over-year. The percent of loans in the foreclosure process declined 2% in March and were down about 27% over the last year. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.70% in March, down from 5.36% in February.  This is the lowest level of delinquencies since August 2007. The percent of loans in the foreclosure process declined in March to 1.55%.......(read more)

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