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Black Knight First Look report, however, shows more than 1M mortgage delinquencies remain.
Cash-out refinance borrowers pull largest quarterly volume of equity in 14 years
The national delinquency rate on first-lien mortgages dropped to 3.74% in October, within a half percentage point of the pre-pandemic low set in January 2020.
Reports strong performance across all key financial metrics; raises full-year outlook for third consecutive quarter.
Delinquency rate falls below 4% for first time since start of pandemic.
Black Knight Mortgage Monitor report for August 2021 also finds housing market cooling off
