Go Back
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 |
| Dec
2018 | Nov
2018 | Dec
2017 | Dec
2016 |
Delinquent | 3.88% | 3.71% | 4.71% | 4.42% |
In Foreclosure | 0.52% | 0.52% | 0.65% | 0.95% |
Number of properties: |
Number of properties that are delinquent, but not in foreclosure: | 2,013,000 | 1,925,000 | 2,412,000 | 2,248,000 |
Number of properties in foreclosure pre-sale inventory: | 271,000 | 268,000 | 331,000 | 483,000 |
Total Properties | 2,283,000 | 2,193,000 | 2,743,000 | 2,731,000 |