Ellie Mae, Pleasanton, Calif., said the share of refinances closed by millennials in October increased to a new high as interest rates on 30-year loans fell.
Tag: Black Knight
Black Knight’s First Look: Strong Decline in October Mortgage Delinquencies; Refis Pushes Prepayments to Highest Level in 6 Years
Black Knight, Jacksonville, Fla., said its First Look Mortgage Monitor reported the national mortgage delinquency rate fell to 3.39% in October, a nearly 7% decline from the past year and within 0.03% of the record low set in May.
September Home Price Reports: Your Results May Vary
CoreLogic, Irvine, Calif., said September home price growth slowed nationally to 3.5% from a year ago and to 0.4% from August. However, a separate report from Black Knight, Jacksonville, Fla., said September national home price appreciation saw its largest single-month increase in nearly two years.
Black Knight: First-Time Homebuyers ‘Under Pressure’ as Early-Stage Delinquencies Rise
Black Knight, Jacksonville, Fla., said nearly 1% of first quarter originations became delinquent six months post-origination. Though this represented less than one-third of the 2000-2005 delinquency average of 2.93%, it is up more than 60% over the past 24 months and the highest since 2010.
Black Knight: First-Time Homebuyers ‘Under Pressure’ as Early-Stage Delinquencies Rise
Black Knight, Jacksonville, Fla., said nearly 1% of first quarter originations became delinquent six months post-origination. Though this represented less than one-third of the 2000-2005 delinquency average of 2.93%, it is up more than 60% over the past 24 months and the highest since 2010.
Black Knight: Delinquencies Down 11% From Year Ago Despite Seasonal Uptick
Black Knight, Jacksonville, Fla., said the national delinquency rate edged up seasonally in September to 3.53%, but fell by 11.2% from a year ago, marking the largest year-over-year decline in eight months.
Residential Briefs
Black Knight Inc., Jacksonville, Fla., launched Regulatory Assist, designed to help clients streamline the compliance-testing process and make compliance validation easier and quicker.