Purchase Lending Highest Since 2007

Black Knight Financial Services (BKFS) released their Mortgage Monitor report for August today. According to BKFS, 4.24% of mortgages were delinquent in August, down from 4.87% in August 2015. BKFS also reported that 1.04% of mortgages were in the foreclosure process, down from 1.48% a year ago. This gives a total of 5.28% delinquent or in foreclosure. Press Release: Black Knight's Mortgage Monitor: 42 Percent of Q2 2016 Refinances Were Cash-Out Transactions, Largest Quarterly Sum of Equity Tapped Since 2009 Today, the Data & Analytics division of Black Knight Financial......(read more)

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