Black Knight: Mortgage Delinquency Rate Increased in September
Industry Update
October 23, 2023
Source: Calculated Risk Finance & Economics
According to Black Knight’s First Look report, the percent of loans delinquent increased 3.7% in September compared to August and increased 4.3% year-over-year.
Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.29% in August, up from 3.17% the previous month.
The percent of loans in the foreclosure process decreased in September to 0.40%, from 0.41% the previous month.
The number of delinquent properties, but not in foreclosure, is up 96,000 properties year-over-year, and the number of properties in the foreclosure process is down 13,000 properties year-over-year.
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