Skip to main content

Foreclosure Starts Hit 18-Year Low in August

Phil Hall
Sep 23, 2019
Photo credit: Getty Images/tntemerson

There were 36,200 foreclosure starts recorded in August, according to new data from Black Knight Inc. August’s level was the lowest single-month total since December 2000.
 
Also during the August, the number of loans in active foreclosure inventory totaled 253,000, the lowest level since 2005. At the same time, prepayment activity increased five percent from July to reach a three-year high, August’s prepayment rate was 62 percent higher than the same time last year.
 
Last month, Black Knight reported the national delinquency rate fell by seven percent in July to a 3.46 percent level, the lowest of any July since Black Knight began tracking data in 2000.
 
Furthermore, the number of serious delinquencies fell in July by 11,000, going below the 445,000 level for the first time since June 2006. The active foreclosure inventory also recorded a drop of 1,000 properties.

 
Published
Sep 23, 2019
Evergrande Steadily Repays Debt While Taking On New Risk

Evergrande Chairman Hui Ka Yan has ambitious plans, signaling last Friday that the firm wants to move away from housing and focus on making electric cars. 

Industry News
Oct 26, 2021
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021
CFPB, DOJ And OCC Hit Trustmark National Bank For 'Deliberate' Redlining

The Consumer Financial Protection Bureau and U.S. Department of Justice, in conjunction with the Office of the Comptroller of the Currency are taking action against Trustmark National Bank for alleged redlining violations.

Industry News
Oct 25, 2021
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021