Black Knight's First Look: June Has Fewest Foreclosure Starts in Over 17 Years; Active Foreclosure Inventory Less Than 300,000 for First Time Since Q3 2006

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Jul 24, 2018
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-- Foreclosure starts fell another 3.1 percent in June for the lowest single-month total in more than 17 years

-- Active foreclosures continued to decline as well, falling below 300,000 for the first time in nearly 12 years

-- The inventory of loans in active foreclosure has fallen 30 percent (-119k) over the past 12 months

-- Delinquencies edged seasonally upward in June, but remain 1.59 percent below last year's levels

-- After rising following the 2017 hurricane season, 90-day delinquencies hit a new post-recession low

-- Prepayment activity was up again in June as home sales reached their typical early-summer peak

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