– In its “First Look” report for February, Black Knight said that the rate of serious mortgage delinquencies (90 days or more past due, including loans in foreclosure) declined slightly in February, but the overall trend is still concerning
– Mortgage delinquencies are down from the peak in early 2010
– 1.64% of homeowners with a mortgage were delinquent in February, down from 1.65% in January
– The number of homeowners who are delinquent by 30 days or more increased slightly to 3.74% in February
– The number of loans in active foreclosure fell to 0.47%, the lowest level since December 2007
According to Black Knight, the affordability challenges homebuyers are facing are becoming more deeply entrenched. In its “First Look” report for February, the mortgage industry expert said that the rate of serious mortgage delinquencies (90 days or more past due, including loans in foreclosure) declined slightly in February, but the overall trend is still concerning.
Mortgage delinquencies are down from the peak in early 2010, but 1.64% of homeowners with a mortgage were delinquent in February, down from 1.65% in January. The number of homeowners who are delinquent by 30 days or more increased slightly to 3.74% in February. The number of loans in active foreclosure fell to 0.47%, the lowest level since December 2007.
You can read this full article at: https://www.housingwire.com/articles/tight-credit-high-rates-and-low-inventory-add-to-affordability-struggles/(subscription required)
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