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90-day Delinquencies Increasingly Ended in Foreclosure Last Month

Black Knight Financial Services has released a “first look”
at its month-end January mortgage performance statistics.  The company regularly previews data that is
covered in a more comprehensive form in its Mortgage
Monitor
scheduled for publication on March 9.

The number of properties for which mortgages are 30 days
past due but not yet in foreclosure declined by 50,000 in January to 2.81
million.  The 30-day delinquency rate was
down 11 percent from a year earlier to 5.56 percent of all homes in the U.S.
with a mortgage.  Serious delinquencies, i.e.
properties that are 90 or more days past due but not in foreclosure, declined
by 20,000 from December and 177,000 from a year earlier to 1.11 million

 

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