Black Knight on Mortgages "44 Percent of Q4 Refis Were Cash-Outs, Most Equity Drawn in Eight Years"

Black Knight Financial Services (BKFS) released their Mortgage Monitor report for February today. According to BKFS, 4.21% of mortgages were delinquent in February, down from 4.45% in February 2016. BKFS also reported that 0.93% of mortgages were in the foreclosure process, down from 1.30% a year ago. This gives a total of 5.14% delinquent or in foreclosure. Press Release: Black Knight's Mortgage Monitor: Tappable Equity Hit $4.7 Trillion in 2016, Highest Since 2006; 44 Percent of Q4 Refis Were Cash-Outs, Most Equity Drawn in Eight Years Today, the Data & Analytics division......(read more)

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