Black Knight: Mortgage Delinquencies Increased in April

From Black Knight: Black Knight Financial Services' First Look at April 2017 Mortgage Data • First-lien mortgage delinquencies rose by 13 percent, the largest monthly increase since November 2008 • Month-over-month, the number of borrowers past due on mortgage payments increased by 241,000 • April's delinquency rate increase was primarily calendar-driven (due to both the month ending on a Sunday and March being the typical calendar-year low) and largely isolated to early-stage delinquencies • The inventory of loans in active foreclosure continues to decline, hitting a 10-year low in April •......(read more)

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