Black Knight: Inflow of New Mortgage Delinquencies Drops to Record Low in March; April Payment Data Suggests Further Improvement Likely
– 217,000 homeowners became past due on their mortgages in March, the lowest such delinquency inflow of any month on record – At the same time, cures spiked in the month as a variety of calendar and economy-driven factors resulted in the second largest delinquency rate decline ever recorded – The number of loans 30 days past due fell 34% from February and 50% from the same time last year
Read More