Black Knight: Mortgage Delinquency Rate Increased Slightly in July
Industry Update
August 23, 2023
Source: Calculated Risk
According to Black Knight’s First Look report, the percent of loans delinquent increased 2.9% in July compared to June and decreased 3.6% year-over-year.
Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.21% in July, up from 3.12% the previous month.
The percent of loans in the foreclosure process decreased slightly in July to 0.42%, from 0.42% the previous month.
The number of delinquent properties, but not in foreclosure, is down 39,000 properties year-over-year, and the number of properties in the foreclosure process is down 4,000 properties year-over-year.
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