Posted To: MND NewsWire
It is hard to believe that it has taken more than a decade , but Black Knight Financial Services says the foreclosure inventory, after a 12,000-property decline in July, has finally fallen below 400,000. The last time the number of homes in some process of foreclosure was lower was in February 2007. The July decrease is part of a 150,000-home reduction in the inventory in the last 12 months, a -28 percent change . Other measures of housing distress continue to fall as well. The national foreclosure rate is also the lowest it has been in more than 12 years at 0.78 percent of all active mortgages, and the 53,300 foreclosure starts filed in July were the second fewest in a given month since 2005. Black Knight, in its "first look" at July mortgage performance data, did note a slight uptick in early...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2xvR1vs
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