by Calculated Risk on 12/24/2015 11:06:00 AM

From Black Knight: Black Knight Financial Services’ “First Look” at November 2015 Mortgage Data, Foreclosure Starts Hit Nine-Year Low; Fewer than 700,000 Active Foreclosures Remain

According to Black Knight's First Look report for November, the percent of loans delinquent increased 3% in November compared to October, and declined 18.3% year-over-year.

The percent of loans in the foreclosure process declined 3% in November and were down 21% 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 4.92% in November, up seasonally from 4.77% in October.

The percent of loans in the foreclosure process declined in November to 1.38%.

The number of delinquent properties, but not in foreclosure, is down 546,000 properties year-over-year, and the number of properties in the foreclosure process is down 185,000 properties year-over-year.

Black Knight will release the complete mortgage monitor for November in early January.

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	Nov 2015	Oct 2015	Nov 2014	Nov 2013
Delinquent	4.92%	4.77%	6.03%	6.45%
In Foreclosure	1.38%	1.43%	1.75%	2.54%
Number of properties:
Number of properties that are delinquent, but not in foreclosure:	2,491,000	2,415,000	3,037,000	3,252,000
Number of properties in foreclosure pre-sale inventory:	698,000	721,000	883,000	1,281,000
Total Properties	3,189,000	3,136,000	3,921,000	4,533,000