Foreclosure inventory below 500k for 1st time in nearly 10 years

screen-shot-2016-12-24-at-2-01-24-pmBy Jann Swanson | Mortgage News Daily

There was a slight uptick in a couple of housing distress measures in November, but the general trend continues down. Still, as Black Knight Financial Services notes in its monthly “first look” at mortgage performance data “Annual improvement in mortgage delinquency rates is beginning to slow as [the] market ‘normalizes’.”

The company also says pre-payment activity remains strong for now as applications made

prior to the rise in interest rates continue to close.

Continued

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