Black Knight, Jacksonville, Fla., said rapidly rising mortgage interest rates have shrunk the number of “high-quality” refinance candidate households to just 7.1 million, the lowest total since November 2019.
Tag: Black Knight
Black Knight: Tappable Equity Surges to Record-High $9.4 Trillion
Black Knight, Jacksonville, Fla., said tappable equity – the amount available for homeowners to access while retaining at least 20% equity in their homes – rose by 32% over the past year, an increase of $2.3 trillion over the past year.
Black Knight: Strong Equity Could Affect Foreclosure Starts
Black Knight, Jacksonville, Fla., said even though just 7% of homeowners in forbearance have less than 10% equity after including 18 months of deferred payments, the potential for foreclosure activity persists.
Black Knight: Tappable Equity Rises to Record-High $9.1 Trillion
Driven by the red-hot housing market, tappable equity – the amount available to homeowners before reaching a maximum 80% combined loan-to-value ratio – surged nearly 40% from last year to a record $9.1 trillion in the second quarter, said Black Knight, Jacksonville, Fla.
Black Knight: 1.55 Million Serious Delinquencies Nag Market
Black Knight, Jacksonville, Fla., said the national delinquency rate hit its lowest level since the onset of the pandemic in June and is now back below its pre-Great Recession average. Despite the improvement, more than 1.5 million homeowners remain 90 or more days past due on their mortgages but who are not in foreclosure, still nearly four times pre-pandemic levels.
Black Knight: Past-Due Loans Continue to Improve
Black Knight, Jacksonville, Fla., said the national delinquency rate rose to 4.73% from 4.66% in April, although the increase was driven largely by the three-day Memorial Day weekend foreshortening available payment windows.
Black Knight: Delinquency Rate Falls Below 5% for First Time Since Pandemic
Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate fell by more than 7 percent in April to below 5 percent for the first time since onset of the coronavirus pandemic.
Black Knight: Delinquencies at Record Low: MBA to Release National Delinquency Survey Friday
Ahead of this Friday’s release of the Mortgage Bankers Association’s 1st Quarter National Delinquency Survey, Black Knight, Jacksonville, Fla., said just 217,000 homeowners became past due on their mortgages in March, the lowest such delinquency inflow of any month on record.
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Black Knight: Tappable Equity Skyrockets to Record High
A rising tide lifts all boats, the saying goes. And for the nation’s homeowners, home price growth—buoyed by scant housing inventories and historically low interest rates—created unprecedented tappable equity in 2020, said Black Knight, Jacksonville, Fla.