Mortgage delinquencies continued to drop during October, falling to just 3.74% of all loans, according to Black Knight’s First Look report.
That’s a decrease of 4.25% compared with September and down a whopping 42% compared with October 2020. However, serious delinquencies remain elevated and, as pandemic related forbearance plans expire, it is expected that foreclosures will rise.
In fact, foreclosure starts ticked up slightly in October, rising 2.56% compared with September, according to Black
