Black Knight's First Look at June Mortgage Data

From Black Knight: Black Knight Financial Services' First Look at June Mortgage Data: Foreclosure Starts Up for Second Consecutive Month; Prepays Rise on Historically Low Rates • Despite June's increase, first-time foreclosure starts in Q2 2016 were at their lowest level in over 16 years • Prepayment speeds (historically a good indicator of refinance activity) jumped to a 12-month high, mirroring an overall rise in refinance activity driven by historically low interest rates • Early-stage delinquencies saw a seasonal increase in June, while 90-day delinquencies and foreclosure inventories......(read more)

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