first_img  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Serious Delinquencies Hit a 12-Year Low About Author: Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Share Save Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, News Sign up for DS News Daily 30-day past due 90-day past due Black Knight default Delinquencies First Look Foreclosures loans mortgage Prepay 2018-11-27 Radhika Ojhacenter_img Demand Propels Home Prices Upward 2 days ago Previous: Positioning for Profitability Next: Kevin Cooke Jr. Joins Auction.com Serious Delinquencies Hit a 12-Year Low Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 27, 2018 24,383 Views Related Articles After seeing a spike in September, mortgage delinquencies declined 8.2 percent in October and nearly 18 percent from the same period last year, according to the Black Knight First Look report released on Tuesday. The report indicated that there were 165,000 fewer past due loans in October than the previous month. Serious delinquencies, the report said, hit a 12-year low after falling by 14,000 from September and 90,000 on a year-over-year basis.The strong year-over-year improvements were also driven by a continued improvement in delinquencies related to the spike seen after hurricanes Harvey and Irma last year, the Black Knight report said.While foreclosure starts saw a month-over-month increase at 50,600 increasing 26.5 percent over September, the report indicated that these increases were coming off September’s nearly 18-year low. Despite the uptick, the number of loans in active foreclosures fell 24 percent from the same period last year, with the report highlighting that only 267,000 loans remained in active foreclosure during October, falling by 1,000 from September and by 81,000 from October 2017.The surprising data, the report found, was for mortgage prepays, which increased 14 percent from September. However, they remained 29 percent below last year’s level.While the number of properties that were 30 or more days past due, but not in foreclosure declined by 165,000 to approximately 1.8 million, those that were 90 or more days past due but not in foreclosure declined by 14,000 to 499,000 properties.Mississippi continued to lead the states with the highest percentage of non-current loans, followed by Louisiana, Alabama, West Virginia, and Arkansas. North Dakota, Idaho, Washington, Oregon, and Colorado were among the states with the least non-current loans.With 2.94 percent of its overall loans in the 90 plus days delinquent list, Mississippi also topped the five states with  90 plus days delinquent percentage, followed by Louisiana, Alabama, Arkansas, and Tennessee.Florida led the top five states by 6-month improvement in non-current percentage with a decline of 28.92 percent, followed by Alaska, Oregon, Texas, and New Jersey. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: 30-day past due 90-day past due Black Knight default Delinquencies First Look Foreclosures loans mortgage Prepay The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img

Leave a Reply

Your email address will not be published. Required fields are marked *