Black Knight: “Past-Due Mortgages Approach Recent Record Lows” in May
June 23, 2023
According to Black Knight’s First Look report, the percent of loans delinquent decreased 6% in May compared to April and decreased 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 3.10% in May, down from 3.31% the previous month.
The percent of loans in the foreclosure process decreased in May to 0.43%, from 0.44% the previous month.
The number of delinquent properties, but not in foreclosure, is down 20,000 properties year-over-year, and the number of properties in the foreclosure process is up 8,000 properties year-over-year.
For full report, please click the source link above.