Delinquencies Fall Below Pre-Great Recession Average

delinquencies fall below pre great recession average

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.

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