“First Look” at Foreclosure Milestone -Black Knight

By Jann Swanson

Posted To: MND NewsWire

The number of pending foreclosures nationwide, the “foreclosure inventory,” reached a milestone in February . For the first time since December 2007 it has dipped slightly below 800,000. The total, which still rounds up to 800,000, fell 15,000 from January and is 315,000 units lower than in February 2014. Black Knight Financial Services released information on the inventory and other foreclosure data in its “first look” at the months mortgage performance data. The company will provide more detail on this data in its Mortgage Monitor due to be published on April 6. The homes in the foreclosure inventory in February represented 1.58 percent of the mortgaged residential properties in the US, a decline of 1.91 percent from January and nearly 29 percent from February 2014. The delinquency rate also…(read more)

Via:: “First Look” at Foreclosure Milestone -Black Knight