Skip to main content

Foreclosure Starts Hit 18-Year Low in August

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.

 
About the author
Published
Sep 23, 2019
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
HUD Secretary Halts Equal Access Rule Enforcement

HUD to be transformed 'in His own image'

Feb 10, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025