As of August, only 4.83 percent of all active loans were 30 or more days delinquent but not in foreclosure. This percentage equates to a year-over-year rate decline of 18.22 percent — the highest such drop since May 2011, according to data from Black Knight Financial Services.
- The South is the region still being most affected by non-current loans (delinquencies and foreclosures).
- A lower volume of delinquencies bodes well for future foreclosure activity and, in turn, overall home sales prices.
- Foreclosures should continue to account for a lower percentage of total sales moving forward.