Black Knight Financial Services issued its “First Look” at January 2016 Mortgage Data yesterday, showing that mortgage delinquencies were up 6.6%, back above 5% nationally for the first time in 11 months.

Approximately 2.5 million properties were 30 days or more past due, but not in foreclosure, an increase of about 137,000 properties compared with December. About 831,000 properties were seriously delinquent (90 days or more past due), an increase of about 23,000 compared with December.

2014 Foreclosure sales (completions) were up nearly 16% following holiday moratoriums. Active foreclosure inventory continues to decline, down 26% from last year.

Prepayment rate (historically a good indicator of refinance activity) dropped 29% to its lowest level since February.Black Knight January 2016    

Foe more information and data from Black Knight, click here.

Erik Sandstrom
LoanSafe's Mortgage Expert
I'm a Senior Loan Officer and LoanSafe mortgage expert. If you need a live rate quote, or need help getting a new mortgage, please call me direct anytime at 619-379-8999.