Black Knight March Mortgage Monitor: "Negative Equity Population Shrinks to Just Over 4 Million"

Black Knight Financial Services (BKFS) released their Mortgage Monitor report for March today. According to BKFS, 4.70% of mortgages were delinquent in March, down from 5.36% in February. BKFS reported that 1.55% of mortgages were in the foreclosure process, down from 2.13% in March 2014. This gives a total of 6.25% delinquent or in foreclosure. It breaks down as: • 1,409,000 properties that are 30 or more days, and less than 90 days past due, but not in foreclosure. • 971,000 properties that are 90 or more days delinquent, but not in foreclosure. • 782,000 loans in foreclosure process. For a ......(read more)

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