The mortgage delinquency rate is continuing to slowly improve. The total U.S. loan delinquency rate (defined as those loans that are 30 or more days past due, but not in foreclosure) stood at 3.74% in October, down 4.25% month-over-month, and down 41.9% from October 2020.

This is according to a “first look” at the October 2021 month-end mortgage performance statistics published by Black Knight, Inc., based on its loan-level database.  

This general improvement is also present in Black Knight’s foreclosure data. The company found that in October, the industry saw 4,000 new foreclosure starts, a month-over-month change of 2.56% for a year-over-year decrease of 14.89%.

Black Knight says it will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The report will be released shortly.

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