Black Knight's First Look at March Mortgage Data: Delinquency rate lowest in 9 Years

From Black Knight: Black Knight Financial Services' First Look at March 2016 Mortgage Data: Delinquencies at Lowest Level in Nine Years; 30-Day Delinquency Rate Lowest Since Pre-2000 • National delinquency rate fell 8 percent in March; at 4.08 percent, it is at its lowest point since March 2007 • At just under 2 percent, the rate of 30-day delinquencies is at lowest level in over 15 years • Spurred by declining interest rates, prepayment speeds (historically a good indicator of refinance activity) were up 46 percent from one month ago • Foreclosure starts were down 14 percent from February;......(read more)

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