Black Knight: US delinquency rate sets 4-year benchmark

Year-to-year rate of decline not seen in four years
  • 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.

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.