by Calculated Risk on 1/23/2017 10:11:00 AM

From Black Knight: Black Knight Financial Services’ First Look at December 2016 Mortgage Data

• The inventory of loans in active foreclosure nationwide declined by more than 200,000 in 2016

  • Delinquencies were down 0.91 percent from November 2016 and 7.5 percent from December 2015

  • December’s 59,700 foreclosure starts represented a 24 percent decline from the same time last year

  • Pre-payment activity continues to slow, down 5.5 percent from November

According to Black Knight's First Look report for December, the percent of loans delinquent decreased 0.9% in December compared to November, and declined 7.5% year-over-year.

The percent of loans in the foreclosure process declined 3.3% in December and were down 30.5% 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 4.42% in December, down from 4.46% in November.

The percent of loans in the foreclosure process declined in December to 0.95%.

The number of delinquent properties, but not in foreclosure, is down 286,000 properties year-over-year, and the number of properties in the foreclosure process is down 206,000 properties year-over-year.

Black Knight will release the complete mortgage monitor for December by February 6th.

Black Knight: Percent Loans Delinquent and in Foreclosure Process
	Dec 2016	Nov 2016	Dec 2015	Dec 2014
Delinquent	4.42%	4.46%	4.78%	5.62%
In Foreclosure	0.95%	0.98%	1.37%	1.75%
Number of properties:
Number of properties that are delinquent, but not in foreclosure:	2,248,000	2,263,000	2,408,000	2,833,000
Number of properties in foreclosure pre-sale inventory:	483,000	498,000	689,000	881,000
Total Properties	2,731,000	2,761,000	3,097,000	3,715,000