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Monitor: Eye-Catching Decline in Defaults, Deceleration in Home Prices Sighted

(Mortgage News Daily) - 4 months, 2 weeks ago
 Posted To: MND NewsWireThe month of March nearly always sees a significant decline in the national delinquency rate. The average March decrease during this century has been just under 11.0 percent. Black Knight has speculated in the past that this is likely because the receipt of tax refunds allows delinquent borrowers to catch up on their mortgage payments. However, this March the correction was, in the words of the company, "eye-catching." Black Knight's Mortgage Monito r, cover...
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