Black Knight: National Mortgage Delinquency Rate Increased in February

CR Note: It is possible that some of the increase in the delinquency rate in February was due to late tax refunds. From Black Knight: Black Knight's First Look: Bucking Historical Seasonal Trend, February Sees Delinquencies Rise; Prepayments Up 11 Percent, Driven by Softening Interest Rates • Delinquencies rose by 3.7 percent in February, the first February increase in 12 years • Despite the monthly rise, delinquencies remain more than 9.5 percent below last year's level • At 40,400 for the month, foreclosure starts were down 19.5 percent from January and edged close to September 2018's......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2HL1Dz1
via IFTTT