Black Knight: “Seriously Delinquent Mortgages Hit Lowest Level Since 2006” in June
Industry Update
July 21, 2023
Source: Calculated Risk
According to Black Knight’s First Look report, the percent of loans delinquent increased 0.55% in June compared to May and decreased 2.8% year-over-year.
Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.12% in June, down from 3.10% the previous month.
The percent of loans in the foreclosure process decreased in June to 0.42%, from 0.43% the previous month.
The number of delinquent properties, but not in foreclosure, is down 24,000 properties year-over-year, and the number of properties in the foreclosure process is down 5,000 properties year-over-year.
For full report, please click the source link above.