{"id":516497,"date":"2021-07-22T09:04:26","date_gmt":"2021-07-22T13:04:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/"},"modified":"2021-07-22T09:04:26","modified_gmt":"2021-07-22T13:04:26","slug":"black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/","title":{"rendered":"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">&#8211;          The national delinquency rate hit its lowest level since the onset of the pandemic and is now back below its pre-Great Recession average<\/h2>\n<h2 class=\"xn-hedline\">&#8211;          Despite the improvement, there are more than 1.5 million homeowners 90 or more days past due on their mortgages but who are not in foreclosure, still nearly four times pre-pandemic levels<\/h2>\n<h2 class=\"xn-hedline\">&#8211;          Serious delinquency rates remain elevated by more than a full percentage point across all 50 states, with Hawaii and Nevada serious delinquency rates remaining elevated by 3.4 percentage points<\/h2>\n<h2 class=\"xn-hedline\">&#8211;          Though serious delinquencies remain significantly elevated, the share of mortgages in active foreclosure fell to yet another record low in June at 0.27%<\/h2>\n<h2 class=\"xn-hedline\">&#8211;          Recent pullbacks in interest rates resulted in prepayment activity edging upward for the first time in three months<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">JACKSONVILLE, Fla.<\/span>, <span class=\"xn-chron\">July 22, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3235204-1&amp;h=3366263486&amp;u=http%3A%2F%2Fwww.blackknightinc.com%2F&amp;a=Black+Knight%2C+Inc.\" rel=\"nofollow noopener\">Black Knight, Inc.<\/a> (NYSE:BKI) reports the following &#8220;first look&#8221; at <span class=\"xn-chron\">June 2021<\/span> month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. \u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.jpg\" title=\"Black Knight, Inc. Logo (PRNewsfoto\/Black Knight, Inc.)\" alt=\"Black Knight, Inc. Logo (PRNewsfoto\/Black Knight, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.37%<br \/>Month-over-month change: -7.62%<br \/>Year-over-year change: -42.39%<\/p>\n<p>Total U.S. foreclosure pre-sale inventory rate: 0.27%<br \/>Month-over-month change: -1.73%<br \/>Year-over-year change: -24.23%<\/p>\n<p>Total U.S. foreclosure starts: 4,400\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/>Month-over-month change: \u00a015.79%<br \/>Year-over-year change: -25.42%<\/p>\n<p>Monthly prepayment rate (SMM): 2.28%<br \/>Month-over-month change: 6.23%<br \/>Year-over-year change: -14.11%<\/p>\n<p>Foreclosure sales as % of 90+: 0.12%<br \/>Month-over-month change: 0.39%<br \/>Year-over-year change: 160.52%<\/p>\n<p>Number of properties that are 30 or more days past due, but not in foreclosure: 2,320,000<br \/>Month-over-month change: -191,000<br \/>Year-over-year change: -1,714,000<\/p>\n<p>Number of properties that are 90 or more days past due, but not in foreclosure: 1,550,000<br \/>Month-over-month change: -119,000<br \/>Year-over-year change: -324,000<\/p>\n<p>Number of properties in foreclosure pre-sale inventory: 145,000<br \/>Month-over-month change: -3,000<br \/>Year-over-year change: -47,000<\/p>\n<p>Number of properties that are 30 or more days past due or in foreclosure: 2,466,000<br \/>Month-over-month change: -193,000<br \/>Year-over-year change: -1,760,000<\/p>\n<p>\n        <b>Top 5 States by Non-Current* Percentage <br \/><\/b>Mississippi:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.97%<br \/>Louisiana:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07.40%<br \/>Hawaii:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06.46%<br \/>Oklahoma:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6.24%<br \/>West Virginia:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6.11%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>\n        <b>Bottom 5 States by Non-Current* Percentage <br \/><\/b>Montana:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.09%<br \/>Utah:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.84%<br \/>Washington:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.80%<br \/>Colorado:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.75%<br \/>Idaho:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.40%<\/p>\n<p>\n        <b>Top 5 States by 90+ Days Delinquent Percentage <br \/><\/b>Mississippi:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a04.89%<br \/>Louisiana:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.59%<br \/>Hawaii:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.14%<br \/>Nevada:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.14%<br \/>Maryland:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a04.08%\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>\n        <b>Top 5 States by 6-Month Improvement in Non-Current* Percentage<br \/><\/b>Arizona:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-31.53%<br \/>Rhode Island:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -31.45%<br \/>California:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -31.24%<br \/>Florida:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-31.10%<br \/>New Jersey:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-30.93%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>\n        <b>Top 5 States by 6-Month Deterioration in Non-Current* Percentage <br \/><\/b>Minnesota:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -19.90%<br \/>Vermont:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -19.91%<br \/>Nebraska:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-19.92%<br \/>District of Columbia:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -20.49%<br \/>North Dakota:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 -21.65%\u00a0\u00a0\u00a0<\/p>\n<p>*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.<br \/>Notes:<br \/>1)\u00a0\u00a0Totals are extrapolated based on Black Knight&#8217;s loan-level database of mortgage assets.<br \/>2)\u00a0\u00a0All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.<\/p>\n<p>For a more detailed view of this month&#8217;s &#8220;first look&#8221; data, please visit the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3235204-1&amp;h=956153258&amp;u=https%3A%2F%2Fwww.blackknightinc.com%2Fpress-room%2F&amp;a=Black+Knight+newsroom\" rel=\"nofollow noopener\">Black Knight newsroom<\/a>. <\/p>\n<p>The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3235204-1&amp;h=2149479045&amp;u=https%3A%2F%2Fwww.blackknightinc.com%2Fdata-reports%2F&amp;a=https%3A%2F%2Fwww.blackknightinc.com%2Fdata-reports%2F\" rel=\"nofollow noopener\">https:\/\/www.blackknightinc.com\/data-reports\/<\/a> by <span class=\"xn-chron\">Aug. 2, 2021<\/span>.<\/p>\n<p>For more information about gaining access to Black Knight&#8217;s loan-level database, please send an email to <a target=\"_blank\" href=\"mailto:mortgage.monitor@bkfs.com\" rel=\"nofollow noopener\">Mortgage.Monitor@bkfs.com<\/a>.<\/p>\n<p>\n        <b>About Black Knight<\/b>\n      <\/p>\n<p>Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.<\/p>\n<p>Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3235204-1&amp;h=2443310870&amp;u=http%3A%2F%2Fwww.blackknightinc.com%2F&amp;a=www.blackknightinc.com\" rel=\"nofollow noopener\">www.blackknightinc.com<\/a>.<\/p>\n<div>\n<table id=\"convertedTable73eb\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">For more information:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Michelle Kersch\u00a0\u00a0\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Mitch Cohen <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">904.854.5043\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">704.890.8158<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:michelle.kersch@bkfs.com\" class=\"prnews_a\" rel=\"nofollow noopener\">michelle.kersch@bkfs.com<\/a> \u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:mitch.cohen@bkfs.com\" class=\"prnews_a\" rel=\"nofollow noopener\">mitch.cohen@bkfs.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=FL50502&amp;sd=2021-07-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins-301338745.html\">https:\/\/www.prnewswire.com\/news-releases\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins-301338745.html<\/a><\/p>\n<p>SOURCE  Black Knight, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=FL50502&amp;Transmission_Id=202107220900PR_NEWS_USPR_____FL50502&amp;DateId=20210722\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; The national delinquency rate hit its lowest level since the onset of the pandemic and is now back below its pre-Great Recession average &#8211; Despite the improvement, there are more than 1.5 million homeowners 90 or more days past due on their mortgages but who are not in foreclosure, still nearly four times pre-pandemic levels &#8211; Serious delinquency rates remain elevated by more than a full percentage point across all 50 states, with Hawaii and Nevada serious delinquency rates remaining elevated by 3.4 percentage points &#8211; Though serious delinquencies remain significantly elevated, the share of mortgages in active foreclosure fell to yet another record low in June at 0.27% &#8211; Recent pullbacks in interest rates resulted in prepayment activity &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516497","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#039;s Wave of Forbearance Expirations Begins - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#039;s Wave of Forbearance Expirations Begins - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"&#8211; The national delinquency rate hit its lowest level since the onset of the pandemic and is now back below its pre-Great Recession average &#8211; Despite the improvement, there are more than 1.5 million homeowners 90 or more days past due on their mortgages but who are not in foreclosure, still nearly four times pre-pandemic levels &#8211; Serious delinquency rates remain elevated by more than a full percentage point across all 50 states, with Hawaii and Nevada serious delinquency rates remaining elevated by 3.4 percentage points &#8211; Though serious delinquencies remain significantly elevated, the share of mortgages in active foreclosure fell to yet another record low in June at 0.27% &#8211; Recent pullbacks in interest rates resulted in prepayment activity &hellip; Continue reading &quot;Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T13:04:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins\",\"datePublished\":\"2021-07-22T13:04:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/\"},\"wordCount\":660,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/709994\\\/Black_Knight_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/\",\"name\":\"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of Forbearance Expirations Begins - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/709994\\\/Black_Knight_Logo.jpg\",\"datePublished\":\"2021-07-22T13:04:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/709994\\\/Black_Knight_Logo.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/709994\\\/Black_Knight_Logo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of Forbearance Expirations Begins - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/","og_locale":"en_US","og_type":"article","og_title":"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of Forbearance Expirations Begins - Market Newsdesk","og_description":"&#8211; The national delinquency rate hit its lowest level since the onset of the pandemic and is now back below its pre-Great Recession average &#8211; Despite the improvement, there are more than 1.5 million homeowners 90 or more days past due on their mortgages but who are not in foreclosure, still nearly four times pre-pandemic levels &#8211; Serious delinquency rates remain elevated by more than a full percentage point across all 50 states, with Hawaii and Nevada serious delinquency rates remaining elevated by 3.4 percentage points &#8211; Though serious delinquencies remain significantly elevated, the share of mortgages in active foreclosure fell to yet another record low in June at 0.27% &#8211; Recent pullbacks in interest rates resulted in prepayment activity &hellip; Continue reading \"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-22T13:04:26+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins","datePublished":"2021-07-22T13:04:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/"},"wordCount":660,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/","name":"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of Forbearance Expirations Begins - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.jpg","datePublished":"2021-07-22T13:04:26+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/709994\/Black_Knight_Logo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/black-knight-1-55-million-serious-delinquencies-remain-at-current-rate-of-reduction-1-million-still-likely-as-septembers-wave-of-forbearance-expirations-begins\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September&#8217;s Wave of Forbearance Expirations Begins"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/516497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=516497"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/516497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=516497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=516497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=516497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}