by Calculated Risk on 5/22/2015 07:01:00 AM

According to Black Knight's First Look report for April, the percent of loans delinquent increased 1% in April compared to March, and declined 15% year-over-year.

The percent of loans in the foreclosure process declined 2% in March and were down 25% 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 4.77% in April, up from 4.70% in March.

The percent of loans in the foreclosure process declined in April to 1.51%.  This was the lowest level of foreclosure inventory since January 2008.

The number of delinquent properties, but not in foreclosure, is down 406,000 properties year-over-year, and the number of properties in the foreclosure process is down 252,000 properties year-over-year.

Black Knight will release the complete mortgage monitor for April in early June.

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	Apr 2015	Mar 2015	Apr 2014	Apr 2013
Delinquent	4.77%	4.70%	5.62%	6.21%
In Foreclosure	1.51%	1.55%	2.02%	3.17%
Number of properties:
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure:	1,463,000	1,409,000	1,634,000	1,717,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:	952,000	971,000	1,187,000	1,394,000
Number of properties in foreclosure pre-sale inventory:	764,000	782,000	1,016,000	1,588,000
Total Properties	3,179,000	3,162,000	3,837,000	4,699,000