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    Foreclosure Starts Lowest in 18 Years

    Black Knight’s “first look” report for March 2019 says there were just over 39,000 foreclosure starts, marking the lowest single-month volume in over 18 years. In addition, they also reported that prepayment activity increased by 28% month-over-month (the largest single-month increase in 2.5 years), the national delinquency rate fell by 5.3%, and outstanding 90-day delinquencies have fallen below 500,000 for the first time in over 12 years. Black Knight derives its data from their loan-level database representing the majority of the national mortgage market.

     

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