Despite a slight uptick month-to-month, delinquency rates are down year-to-year.
Almost 4.9% of nonforeclosed loans were 30 days or more past due in September, according to Black Knight Financial Services. That's a 1.7% increase from August, but a nearly 14% drop from last year.
U.S. foreclosure starts illustrated similar mixed results, growing 4.9% month-over-month to 79,900, but dropping 16% from last year.
The total U.S. foreclosure presale inventory rate dropped 22.64%, to 1.46%. And the single month prepayment rate increased 12.29% from last year to 1.07%.
The noncurrent inventory — loans that are either foreclosed or past due since at least 30 days — has reached 3.2 million, according to Black Knight's data, which is culled from its loan-level database.
