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
Services PMI® at 64 1%; July 2021 Services ISM® Report On Business®
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Services PMI® at 64 1%; July 2021 Services ISM® Report On Business®
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Calculated Risk
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Treasuries Move Notably Higher Following Disappointing Manufacturing Data Treasuries moved notably higher during trading on Monday, extending the upward move seen over the course of the previous session.
Bond prices pullback off their best levels in afternoon trading but remained firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 6.5 basis points to 1.174 percent.
The ten-year yield climbed off its intraday low of 1.151 percent but still ended the session at its lowest closing level in almost six months.
The strength among treasuries came as traders looked to the relatively safe haven of bonds following the release of a report from the Institute for Supply Management showing an unexpected slowdown in the pace of growth in U.S. manufacturing activity in the month of July.