Black Knight
Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain
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Posted To: MND NewsWire

Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight's first look at the month's loan performance data has both good news and some that is disquieting. The good news is a 121,000-loan decline in the number of loans that are 30 or more days past due but not in foreclosure when compared to the prior month. This reduced the national delinquency rate to 5.85 percent, the first time the rate has been under 6 percent since the pandemic hit in March 2020. The number of seriously delinquent loans, those 90 or more days past due but not in foreclosure, was reduced by 56,000 loans. Black Knight includes loans that are in active forbearance plans in its delinquency numbers if they are non-current. However...(read more)

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Serious mortgage delinquencies remain high as overall rate declines
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Servicers could be dealing with approximately 1.8 million distressed properties when the latest forbearance extension ends in June, Black Knight said.
Forbearance Improvement Remains Slow, But Steady: Black Knight
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Following the trend of mid-month increases in forbearance volumes that have taken place since the recovery began, the number of mortgages in active forbearance
Forbearances drop as extensions provide a ‘smooth transition’
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Independent mortgage banker recovery drove the weekly decrease in forbearance share, according to the Mortgage Bankers Association.
Forbearances rise with ‘likely limited’ recovery ahead
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Moratorium extensions helped drive a weekly increase in forbearances, according to Black Knight.
Forbearances Post Unsuprising Mid-Month Increase
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Posted To: MND NewsWire

There was a 15,000 loan or 0.06 percent increase in the overall number of forbearances last week. Black Knight says that the gain was somewhat typical of the mid-month performance of the program , with the largest declines at the beginning of the month, tapering off as the previous month's plan expirations are processed. Only one out of every 77 homeowners who were in forbearance at the beginning of the week had exited by the end, one of the lowest removal rates. However new plan entries hit a post-pandemic low. The company puts the current number of forborne loans at 2.69 million, 5.1 percent of the estimated 53 million active mortgages. The unpaid balance of loans in plans is $535 billion. Black Knight says that, despite the past week's uptick, the decline over the last month held steady...(read more)

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Biden announces decision on foreclosure ban and forbearance deadline
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The Biden administration has announced an extension on foreclosure moratorium
Biden Administration Extends Forbearance and Foreclosure Protections Through June>
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The White House extends protections for homeowners in distress that were set to expire in March.
Why SitusAMC acquired two companies last month – what that means for the industry
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SitusAMC is gobbling up companies. The mortgage tech and service
Forbearances Fall Below 2.7M for First Time Since April: Black Knight
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According to Black Knight’s McDash Flash Forbearance Tracker, the number of mortgages in active forbearance fell again this week, dropping 48,000 (-1.6%) from
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