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Delinquencies Spiked in November; Annual Trend Continues Lower

Black Knight Financial Services, a division of Fidelity
National Financial, has released its “first look” at November mortgage
performance data.  The company provides this
monthly preview of the data, one or more aspect of which is featured in greater
detail in the subsequent publication of its Mortgage
Monitor
report.

The U.S. delinquency rate accelerated in November, rising
11.82 percent from October to 6.08 percent, the first time the national rate
has been above 6 percent since last February. 
 The increase represents a gain of
329,000 mortgages that are 30 days or more past due but not yet in foreclosure
to a total of 3.09 million.   Despite the monthly increase the national
delinquency rate is still 5.69 percent below the rate in November 2013; 153,000
fewer delinquent mortgages.

 

 

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