Tuesday, October 3, 2023 | The Latest Buzz for the Appraisal Industry

Closer Look at Delinquency Surge and Much More -Mortgage Monitor

By Jann Swanson

Posted To: MND NewsWire

In its “first look” at November mortgage data last week Black Knight Financial Services noted a significant surge in mortgage delinquencies compared to the previous month. The 11.8 percent jump in mortgages that were 30 or more days past due brought the national delinquency rate to 6.08 percent, the first time since February it had surpassed 6.0 percent, and was the largest month-over-month increase since 2008, a spike that also occurred in November. In the newest edition of its Mortgage Monitor Black Knight takes a closer look at the November anomaly , one that occurred even as the overall delinquency rate has continued to trend downward and despite the increase was 6 percent below its level a year earlier. According to the Monitor, a sudden rise in the delinquency rate in November is more…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Closer Look at Delinquency Surge and Much More -Mortgage Monitor


Jim Morrison

What did appraisers learn?

The 2023 Appraisal Summit Recap The Appraisal Summit embraced Appraiser Trainees and Supervisors with events specific to helping them in their roles. These types of

Read More »