Black Knight: Mortgage Delinquencies declined in August

From Black Knight: Black Knight's First Look at August 2016 Mortgage Data: Prepayments Skyrocket, Fueled by Post-‘Brexit' Activity, Hit Highest Single-Month Rate in Over Three Years • Monthly prepayment rate (historically a good indicator of refinance activity) increased by 32 percent month-over-month • August's prepayment rate of 1.67 percent is the highest Single Month Mortality (SMM) rate in over three years • Delinquencies fully recovered from July's spike, falling 6 percent (-135,000) from one month ago • Inventory of loans in foreclosure has now declined for 19 consecutive months -- and ......(read more)

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