9
FORECLOSURE
STARTS REVERSE
COURSE IN
SEPTEMBER
Citing the need to closely monitor
foreclosure numbers after the Federal
Foreclosure Moratorium expired in July, Black
Knight has revealed a "first-look" at its data for
September 2021.
According to the preliminary release, the
national delinquency rate fell to 3.91% in
September, down 2.3% from August and 41.3%.
is is the first-time delinquency rates have
been below 4% in the last 18 months.
Black Knight said that this would have been
a stronger improvement but was partially offset
by delinquencies rising by 7,800 in FEMA-
declared disaster areas in hurricane-impacted
Louisiana and by 11,000 in the state as a whole.
Foreclosure starts also plummeted 45.07%
in September after seeing a noticeable rise in
August in the wake of the federal foreclosure
moratoria expiration. ere was a total of
3,900 foreclosure starts in September, down
13.33% year-over-year. is was the third lowest
monthly total on record and within 6% of the
record low set back in April of this year
In other first-look data:
» e number of properties that are more
than 30 days past-due, but are not in
foreclosure, are 2,068,000 which is down
54,000 from August and down 1,474,000
from last year.
» e number of properties that are more
than 90 or more days past due, but are
not in foreclosure, are 1,233,000 which is
down 106,000 from last month and down
1,090,000 from last year.
» e number of properties that are more
than 30 days past-due or are in foreclosure
stands at 2,203,000. is is down 61,000
from last month and down 1,519,000 from
last year.
» e number of properties in foreclosure
pre-sale inventory stood at 135,000, down
7,000 units from August and down 46,000
units from last year.
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