The delinquency landscape continues to improve on a monthly basis, with the total delinquency rate in the nation falling to 3.59% in November, according to Black Knight’s November mortgage monitor published this week.
In October, the analytics vendor clocked the national delinquency rate at 3.74%. The 15-basis point improvement continues to point to the effectiveness of initiatives taken by policy makers and industry participants over the pandemic period to help borrowers stay in their homes.
Serious delinquencies are also starting to clear, with Black Knight’s report noting that 90+ day delinquencies dropped by 80,000 details ⇒
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