Black Knight's First Look: Bucking Historical Seasonal Trend, February Sees Delinquencies Rise; Prepayments Up 11 Percent, Driven by Softening Interest Rates

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Mar 21, 2019
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- Delinquencies rose by 3.7 percent in February, the first February increase in 12 years

- Despite the monthly rise, delinquencies remain more than 9.5 percent below last year's level

- At 40,400 for the month, foreclosure starts edged close to September 2018's 15-year low

- The national foreclosure rate continues to improve and is now down more than 21 percent year-over-year

- Prepayment speeds rose by 11 percent from January's 18-year low, suggesting an increase in refinance activity driven by the recent decline in 30-year interest rates

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