by Calculated Risk on 2/25/2015 12:46:00 PM

According to Black Knight's First Look report for January, the percent of loans delinquent decreased 1% in January compared to December, and declined 11% year-over-year.

The percent of loans in the foreclosure process declined slightly in January and were down about 31% 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 5.56% in January, down from 5.64% in December.  The normal rate for delinquencies is around 4.5% to 5%.

The percent of loans in the foreclosure process declined slightly in January and remained at 1.61%.

The number of delinquent properties, but not in foreclosure, is down 327,000 properties year-over-year, and the number of properties in the foreclosure process is down 360,000 properties year-over-year.

Black Knight will release the complete mortgage monitor for February in March.

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	Jan 2015	Dec 2014	Jan 2014	Jan 2013
Delinquent	5.56%	5.64%	6.27%	7.03%
In Foreclosure	1.61%	1.61%	2.35%	3.41%
Number of properties:
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure:	1,701,000	1,736,000	1,851,000	1,974,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:	1,112,000	1,132,000	1,289,000	1,531,000
Number of properties in foreclosure pre-sale inventory:	815,000	820,000	1,175,000	1,703,000
Total Properties	3,628,000	3,688,000	4,315,000	5,208,000