Markets & EconomyMortgage

Foreclosure starts drop to 10-year low

November 2015 saw the lowest total foreclosure starts since Black Knight began tracking data
Published on Jan 12, 2016 | Updated on May 16, 2016
  • The number of current foreclosures is the best indicator of the quality of underwriting when the loans were made.
  • November 2015 saw the lowest total foreclosure starts since good data began in 2005 -- that’s news.
  • We get a result like this only from over-tightening. If the rulebook gets too tight, it also gets to diminishing returns, denying credit to those worth the risk.

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Black Knight has documented an extraordinary story in yesterday's release of the November Housing Monitor. (Black Knight does excellent work; don’t be misled by the age of the data -- reliable housing data is notoriously slow to arrive) ...

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