A forward-looking indicator of mortgage industry performance
By Marian McPherson | inman
Black Knight Financial Services released its First Look report for the second quarter of June 2016, which boasted the lowest level of first-time foreclosure starts in 16 years.
Furthermore, prepayment speeds sprung to a 12-month high that mirrors an overall rise in refinance activity driven by historically low interest rates.
According to the report, total U.S. foreclosure sales are at 2.31 percent — a 13.54 percent month-over-month and a 20.65 percent year-over-year increase.
