by Calculated Risk on 7/23/2015 02:45:00 PM

From Black Knight: Black Knight Financial Services’ “First Look” at June Mortgage Data: Foreclosure Inventory at Lowest Level Since 2007, Still Three Times “Normal” Rate

According to Black Knight's First Look report for June, the percent of loans delinquent decreased 3% in June compared to May, and declined 15.5% year-over-year.

The percent of loans in the foreclosure process declined 2% in June and were down 23% 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 4.82% in June, down from 4.96% in May.

The percent of loans in the foreclosure process declined in June to 1.46%.  This was the lowest level of foreclosure inventory since 2007.

The number of delinquent properties, but not in foreclosure, is down 439,000 properties year-over-year, and the number of properties in the foreclosure process is down 212,000 properties year-over-year.

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

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	June 2015	May 2015	June 2014	June 2013
Delinquent	4.82%	4.96%	5.70%	6.68%
In Foreclosure	1.46%	1.49%	1.88%	2.93%
Number of properties:
Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure:	1,549,000	1,591,000	1,728000	1,983,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:	895,000	922,000	1,155,000	1,345,000
Number of properties in foreclosure pre-sale inventory:	739,000	754,000	951,000	1,458,000
Total Properties	3,183,000	3,268,000	3,834,000	4,785,000