Mortgage Holders Lost $1.3T In Equity In Q3
Black Knight's September 2022 Mortgage Monitor Report also found 3.6% of borrowers are either underwater or have less than 10% equity.
Black Knight's September 2022 Mortgage Monitor Report also found 3.6% of borrowers are either underwater or have less than 10% equity.
Fannie Mae's Guaranty Book of Business increased 1.6% during September.
Pace of forbearance exits fell to a new low.
The national foreclosure rate remained just above the record low set in May.
Black Knight’s First Look report for June said that these levels still remain below pre-pandemic levels.
Company’s “first look” finds serious delinquencies, foreclosure starts showing continued improvement.
Improvement in loans over 90 days helped overall delinquency numbers.
Just 3.3% of all mortgages in delinquency, lowest rate in 23 years.