Skip to main content

Active Foreclosure Rate at 14-Year Low

Phil Hall
Oct 24, 2019
Photo credit: Getty Images/mareesw

The national delinquency rate during September was up by 3.53 percent from August, but down 11.2 percent from one year ago, according to new data from Black Knight Inc. The year-over-year decline was the largest plummet in eight months.
Black Knight also reported the number of loans in active foreclosure reached 443,000 in September, or 0.48 percent of the total mortgage market. This is down by 1,000 loans from August and down by 70,000 from September 2018, and it is the lowest level since 2005.
Also during September, prepayment activity rose by three percent from August. Prepayments are up 121 percent from the same time last year, which Black Knight attributed to falling rates that fuel a new wave of refinance activity.

Oct 24, 2019
DOJ: Lakeland Bank To Spend $13M To Settle 'Redlining' Claims

Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.

Industry News
Sep 29, 2022
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts

About 20% of its staff, or 75 people, were affected.

Industry News
Sep 28, 2022
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Sep 27, 2022
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022