Black Knight: Mortgage Delinquencies Declined in March to 11 Year Low

From Black Knight: Black Knight's First Look at March Mortgage Data: Delinquency Rate Drops to 11-Year Low; Prepayments Up 20 Percent from February's Three-Year Low • Delinquencies declined 14 percent month-over-month, hitting their lowest level since March 2006 and the fourth lowest point since the turn of the century   • Total non-current inventory – all loans 30 days or more past due or in active foreclosure – fell below 2.3 million, the lowest volume in 11 years   • After hitting a three-year low in February, prepayment speeds (historically a good indicator of refinance......(read more)

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