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Mortgage Performance Continues to Improve; Prepayment Numbers Rise
Friday, January 22, 2016
It was a year of significant improvement in the distressed
home arena. According to Black Knight
Financial Services there was a 22 percent decrease in the national Foreclosure
Inventory while the number of delinquent mortgages declined by nearly 15 percent.
The number of mortgages that were 30 or more days past due
but not in foreclosure declined to 4.8 percent of all active mortgages, a 14.98
percent improvement for the year and 3 percent from November to December. At year's end 2.41 million mortgages remained
delinquent, 425,000 fewer than at the end of 2014.
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