425,000 Borrowers Out from Underwater on Mortgages in Q1

Black Knight Financial Services (BKFS) released their Mortgage Monitor report for May today. According to BKFS, 4.25% of mortgages were delinquent in May, down from 4.91% in May 2015. BKFS also reported that 1.13% of mortgages were in the foreclosure process, down from 1.59% a year ago. This gives a total of 5.38% delinquent or in foreclosure. Press Release: Black Knight's Mortgage Monitor: Tappable Equity Rose by $260 Billion in Q1 2016, 425,000 Borrowers Out from Underwater on Mortgages Today, the Data & Analytics division of Black Knight Financial Services, Inc. released its latest ......(read more)

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