fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

90-day Delinquencies Increasingly Ended in Foreclosure Last Month

Wednesday, February 25, 2015

Black Knight Financial Services has released a "first look" at its month-end January mortgage performance statistics.  The company regularly previews data that is covered in a more comprehensive form in its Mortgage Monitor scheduled for publication on March 9.

The number of properties for which mortgages are 30 days past due but not yet in foreclosure declined by 50,000 in January to 2.81 million.  The 30-day delinquency rate was down 11 percent from a year earlier to 5.56 percent of all homes in the U.S. with a mortgage.  Serious delinquencies, i.e. properties that are 90 or more days past due but not in foreclosure, declined by 20,000 from December and 177,000 from a year earlier to 1.11 million


Read Full Article


As a first-time homebuyer, it was great having Charlie walk me through the entire process and keep me posted on what was needed and when. He was always available to answer any questions that I had. I appreciated him planning for worst case scenarios so there were never any surprises and I appreciate him finding the right mortgage for the amount I wanted to pay each month.
Andy S.