Black Knight Mortgage Monitor for January; "Cash-out lending hit a more than 10-year high at the end of 2019"

Black Knight released their Mortgage Monitor report for January last week. According to Black Knight, 3.22% of mortgages were delinquent in January, down from 3.75% in January 2019. Black Knight also reported that 0.46% of mortgages were in the foreclosure process, down from 0.51% a year ago. This gives a total of 3.73% delinquent or in foreclosure. Press Release: Black Knight Mortgage Monitor: Despite 6.5-Year High in Refinance Lending, Servicers Struggle to Retain and Recapture Borrowers; 80% of Refinance Borrower Business Lost Today, the Data & Analytics division of Black Knight,......(read more)

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