“Delinquent Mortgage” November was a tough month for mortgage rates, proves Black Knight Financial Services.
“Black Knight Financial Services, a division of Fidelity National Financial, has released its “first look” at November mortgage performance data. The company provides this monthly preview of the data, one or more aspect of which is featured in greater detail in the subsequent publication of its Mortgage Monitor report.
The U.S. delinquency rate accelerated in November, rising 11.82 percent from October to 6.08 percent, the first time the national rate has been above 6 percent since last February. The increase represents a gain of 329,000 mortgages that are 30 days or more past due but not yet in foreclosure to a total of 3.09 million. Despite the monthly increase the national delinquency rate is still 5.69 percent below the rate in November 2013; 153,000 fewer delinquent mortgages.”
As you can see, this is not the greatest of news, but there’s always hope, considering these are November statistics, and we’re midway through January. For the full article by Jann Swanson, click here: