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Black Knight: Delinquency Rate Entering 2019 Lowest of Any Year Since the Turn of the Century

• Despite rising seasonally in recent months, only 3.9 percent of mortgages were delinquent as of December month-end, the lowest year-end total since Black Knight began reporting the figure in 2000

• The national foreclosure rate, while also edging seasonally upward in December, posted the lowest year-end figure since 2005, with just 0.52 percent of mortgages in active foreclosure

• Foreclosure starts edged slightly upward with 46,300 starts reported for the month, a 2.4 percent uptick over November

• Foreclosure starts were also up 4 percent year-over-year in December, though this increase was primarily driven by suppressed foreclosure start volumes in late 2017 due to hurricane-related moratoriums

• The percent of loans delinquent increased 4.7% in December compared to November, and decreased 17.6% year-over-year.

• The percent of loans in the foreclosure process increased 1.2% in December and were down 19.2% over the last year.

• The U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.88% in December, up from 3.71% in November.

• The percent of loans in the foreclosure process increased slightly in December to 0.52% from 0.52% in November.

Black Knight: Percent Loans Delinquent and in Foreclosure Process
In Foreclosure0.52%0.52%0.65%0.95%
Number of properties:
Number of properties that are delinquent, but not in foreclosure:2,013,0001,925,0002,412,0002,248,000
Number of properties in foreclosure pre-sale inventory:271,000268,000331,000483,000
Total Properties2,283,0002,193,0002,743,0002,731,000

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