Search
  • Metro East REIA

2021 Ends With Foreclosures at All-Time Low

According to Black Knight’s “first look” report for December, 2021, the national delinquency rate ended the year at 3.38%, which report is just 0.1% above February 2020’s near record-low of 3.28% (right before the pandemic). However, they point out that over half a million excess serious delinquencies remain (borrowers 90+ days past due) including those in active forbearance – more than twice pre-pandemic levels. Likewise, Black Knight says that given the large volume of borrowers who’ve exited forbearance in recent months, the industry must keep a very close eye on the foreclosure metrics moving forward in 2022. Continue reading HERE...

0 views0 comments

Recent Posts

See All

A recent report from Breitbart says the average national price for manufactured homes rose nearly 50% over the course of the pandemic, from $82,900 to $123,200. They say manufactured homes have long

The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which is 14.4% lower than April’s revised number and 3.5% lower than