According to Black Knight’s First Look report for December, the percent of loans delinquent decreased 3% in December compared to November, and declined 15% year-over-year.
The percent of loans in the foreclosure process declined 1% in December and were down 22% over the last year.
Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.78% in December, down from 4.92% in November.
The percent of loans in the foreclosure process declined in December to 1.37%.
The number of delinquent properties, but not in foreclosure, is down 425,000 properties year-over-year, and the number of properties in the foreclosure process is down 192,000 properties year-over-year.
Black Knight will release the complete mortgage monitor for December in early February.
| Black Knight: Percent Loans Delinquent and in Foreclosure Process | ||||
|---|---|---|---|---|
| Dec 2015 |
Nov 2015 |
Dec 2014 |
Dec 2013 |
|
| Delinquent | 4.78% | 4.92% | 5.62% | 6.45% |
| In Foreclosure | 1.37% | 1.38% | 1.75% | 2.52% |
| Number of properties: | ||||
| Number of properties that are delinquent, but not in foreclosure: | 2,408,000 | 2,491,000 | 2,833,000 | 3,252,000 |
| Number of properties in foreclosure pre-sale inventory: | 689,000 | 698,000 | 881,000 | 1,269,000 |
| Total Properties | 3,097,000 | 3,189,000 | 3,715,000 | 4,533,000 |