Sunday, November 27, 2022 | The Latest Buzz for the Appraisal Industry

Prepayment Activity Reach Low Point, Delinquencies Up 4.5 Percent

Black Knight Inc. reports the following “first look” at October 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.        

The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 2.91%., with a month-over-month change of 4.45% and year-over-year change of -22.32%. The total U.S. foreclosure pre-sale inventory rate was 0.35%, a change of 0.42% and 33.22%, respectively.