Black Knight Says Foreclosure Starts 20% Below Pre-Pandemic Levels, Despite Increase Black Knight’s Mortgage Monitor Report for January, 2022 says that despite a more than 7x increase, January’s foreclosure starts remained more than 20% below pre-pandemic levels. In addition, foreclosure starts were almost evenly split between borrowers who were already delinquent prior to the pandemic
Black Knight Says Foreclosure Starts Reverse Course in September According to Black Knight’s “first look” report for September, 2021, the national delinquency rate on first lien mortgages fell slightly to 3.91% in September, the first time it’s been below 4% in 18 months. However, Black Knight points out that nearly 400k mortgage holders exited forbearance
Foreclosure Starts Jump Nationwide According to ATTOM Data’s Q3 2021 U.S. Foreclosure Market Report, lenders started the foreclosure process on 25,209 U.S. properties in Q3, up 32% from Q2 and up 67% from a year ago. ATTOM says this is the first double digit quarterly percent increase since 2014. Overall, there were a total of
Black Knight Says Foreclosure Starts Edge Higher According to Black Knight’s “first look” report for August, 2021, The national delinquency rate on first lien mortgages fell to 4% in August, the lowest it’s been since pandemic-related impacts caused mortgage delinquencies to spike in early 2020. However, Black Knight says August’s 7,100 foreclosure starts represented the
Housing Starts Jump 3.9% in August The U.S. government is reporting that privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,615,000, which is 3.9% higher than July’s revised number. In addition, this figure is 17.4% higher than one year ago. August’s rate for units in buildings with five units or
