Mortgage industry experts were pleased to see a decline in serious delinquencies and foreclosure inventory in the latest Black Knight report. This represents strong performance in the mortgage industry and is a good sign for the future.
Some of the key points from the report include:
-Delinquencies decreased by 7% from the previous month
-Foreclosure inventory decreased by 3% from the previous month
-This is the lowest level of serious delinquencies since August 2007
-This is the lowest level of foreclosure inventory since December 2006
Mortgage experts believe that this trend will continue, as the economy continues to strengthen. This is good news for the industry and for homeowners.
You can read this full article at: https://www.housingwire.com/articles/foreclosure-inventory-hits-15-month-low-in-july/(subscription required)
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