- The U.S. mortgage delinquency rate improves again in September to 3.91%, the first time it's been below 4% since the onset of the pandemic, according to Black Knight's First Look at September mortgage performance.
- Foreclosure starts pull back to near record lows in September at 3.9K following a spike in August after the expiration of the federal moratorium at the end of July.
- The number of loans in active foreclosure fell by 7K to another record low, but since there's still 1.2M homeowners who are 90+ days delinquent on their mortgage payments, foreclosure metrics warrant a close look in the coming months, Black Knight suggests.
- The number of properties that are 30+ days past due, but not in foreclosure of 2.1M declines by 54K M/M.
- The number of properties that are 90+ days past due amounts to 1.23M, falling by 106K in September and;
- The number of properties in foreclosure pre-sale inventory of 135K in September edges lower by 7K M/M.
- Previously, (Oct. 8) Mortgages in active forbearance improve the most in a year: Black Knight.
