National Delinquency Rate at Near-Record Low – NMP Skip to main content

National Delinquency Rate at Near-Record Low

Phil Hall
Nov 25, 2019
Photo credit: Getty Images/mareesw

The national delinquency rate fell to 3.39 percent in October, according to new data from Black Knight Inc. Last month’s rate was nearly seven percent lower than the October 2018 level and was within 0.03 percent of the record low set in May 2019.
 
Black Knight also noted that October’s level of serious delinquencies was down by 10,000 from September while the number of loans in active foreclosure was up by 3,000 from the previous month.
 
October also witnessed a 16 percent increase in prepayment activity to the highest level since May 2013. Black Knight noted that prepay activity was up 134 percent year-over-year thanks to refinancing homeowners taking advantage of low interest rates, although recent mild increases in the 30-year rate could slow that activity in the near future.

 
Published
Nov 25, 2019
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022
Angel Oak Mortgage Reports Second Straight Quarterly Loss

Non-QM lender reported net loss of $52.1 million.

Industry News
Aug 10, 2022
loanDepot Dumping Brokers, Exits Wholesale

As company reports second straight quarterly loss, it announces plans to exit its wholesale business by Oct. 31, 2022.

Wholesale
Aug 09, 2022
UWM's Q2 Profit Up YOY, Despite Steep Drop In Originations

Q2 net income was up 55% from last year, while originations were down nearly 50% YOY

Industry News
Aug 09, 2022
Increasing Number Of Homes On The Market Longer

Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.

Industry News
Aug 09, 2022
Cenlar Appoints New Chairman, Co-CEOs

Dave Applegate, the new board chair, played a major role in launch of UMBS.

Wholesale
Aug 08, 2022