Black Knight's First Look: National Mortgage Delinquency Rate Decreased in August, Foreclosure Inventory Lowest Since 2005

From Black Knight: Black Knight's First Look: Foreclosure Starts Hit 18-year Low in August; Mortgage Prepayments Continue to Rise in Lower Interest Rate Environment • August's 36,200 foreclosure starts made for the lowest single-month total since December 2000 • The number of loans in active foreclosure inventory also fell; at 253,000, it's the fewest since 2005 • Prepayment activity – typically a good indicator of refinance activity – continues to press upward, increasing 5% from July to reach a three-year high • August's prepayment rate was up 62% from the same time last year and 2.5 times......(read more)

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