Black Knight: Mortgage Delinquencies Decrease in January
Industry Update
February 24, 2023
Source: Calculated Risk
According to Black Knight’s First Look report, the percent of loans delinquent decreased 2.3% in January compared to December and decreased 15% year-over-year.
Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.38% in January, down from 3.48% in December.
The percent of loans in the foreclosure process increased slightly in December to 0.45%, from 0.44% in December.
The number of delinquent properties, but not in foreclosure, is down 289,000 properties year-over-year, and the number of properties in the foreclosure process is up 48,000 properties year-over-year.
For full report, please click the source link above.