Black Knight's First Look: Delinquency Rate Entering 2019 Lowest of Any Year Since the Turn of the Century

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Jan 23, 2019
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- Despite rising seasonally in recent months, only 3.9 percent of mortgages were delinquent as of December month-end, the lowest year-end total since Black Knight began reporting the figure in 2000

- The national foreclosure rate, while also edging seasonally upward in December, posted the lowest year-end figure since 2005, with just 0.52 percent of mortgages in active foreclosure

- Foreclosure starts edged slightly upward with 46,300 starts reported for the month, a 2.4 percent uptick over November

- Foreclosure starts were also up 4 percent year-over-year in December, though this increase was primarily driven by suppressed foreclosure start volumes in late 2017 due to hurricane-related moratoriums

- Prepayments remained nearly unchanged in December, holding near the 10-year low set in November

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