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Calculated Risk

8/02/2021 12:12:00 PM Black Knight released their Mortgage Monitor report for June today. According to Black Knight, 4.37% of mortgage were delinquent in June, down from 4.73% of mortgages in May, and down from 7.59% in June 2020. Black Knight also reported that 0.27% of mortgages were in the foreclosure process, down from 0.36% a year ago. This gives a total of 5.01% delinquent or in foreclosure. Today, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. Considering recently updated forbearance expiration timelines announced by FHFA, FHA, VA, and USDA, this month’s report looks at the impact of the many varying allowable forbearance periods. According to Black Knight Data & Analytics President Ben Graboske, due to the complexity of the expiration matrices across different agencies, the operational challenge mortgage servicers were alread

Calculated Risk

Calculated Risk
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Calculated Risk

Tracking existing home inventory will be very important this year. Click on graph for larger image in graph gallery. This inventory graph is courtesy of Altos Research. As of July 2nd, inventory was at 373 thousand (7 day average), compared to 654 thousand the same week a year ago.  That is a decline of 43.0%. A week ago, inventory was at 373 thousand, and was down 44.0% YoY.   Seasonally, inventory has bottomed.   Inventory was about 21.6% above the record low in early April. Mike Simonsen discusses this data regularly on Youtube.  Altos Research has also seen a significant pickup in price decreases, although still well below a normal rate for June.

Calculated Risk

Calculated Risk
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