Foreclosure Inventory Hits Lowest Level in 15 Months

According to Black Knight’s latest Mortgage Monitor, the total U.S. loan delinquency rate (loans 30 days+ past due but not in foreclosure) was 3.21% in July, up 2.89% from June and down 3.56% year over year. In addition, serious delinquencies (90+ days past due) continued to decrease, falling to 468K – the lowest level seen since the pre-Great Financial Crisis housing market peak and down 161K (-26%) from July 2022. Continue reading HERE...