Black Knight's First Look: National Mortgage Delinquency Rate Decreased in October

From Black Knight: Black Knight's First Look: Strong Decline in October Mortgage Delinquencies; Refi Wave Pushes Prepayments to Highest Level in More than Six Years • The national delinquency rate fell to 3.39% in October, a nearly 7% decline from last year, and within 0.03% of the record low set in May 2019 • Serious delinquencies fell by 10,000 from September, while the number of loans in active foreclosure edged up slightly (+3,000) • Prepayment activity climbed another 16% in October to the highest level since May 2013 • Prepays are now up 134% year-over-year as refinancing homeowners......(read more)

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