Mortgage delinquencies edge up in April, says Black Knight

Mortgage delinquenciesMHN Online

Black Knight Financial Services (formerly the LPS Data & Analytics division) released its April Mortgage Monitor report on Monday. The company notes that 5.62 percent of U.S. mortgages were delinquent in April, up from 5.52 percent in March. It also reports that 2.02 percent of mortgages were in the foreclosure process, a drop from 3.17 percent in April 2013. That means a total of 7.64 percent of mortgages are either delinquent or in foreclosure.

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