Sumary of Delinquencies Fall Below Pre-Great Recession Average:
- Black Knight, in its monthly report, says the June rate, at 4.37 percent, was also back below its pre-Great Recession average.
- Foreclosure starts did rise by 16 percent to 4,400. Delinquency rates were highest in Mississippi, Louisiana, Hawaii, Oklahoma, and West Virginia.
- Lower interest rates resulted in the single month mortality (SMM) or prepayment rate rising for the first time in three months.