Posted To: MND NewsWire

Black Knight’s “first look” at loan performance data in March brought back memories of an old TV ad, “Is it real or is it Memorex?” The company said that mortgage delinquencies were down during the month by a whopping 16.4 percent. The company is quick to note that the apparent improvement is probably not indicative of a trend. March is typically the best month of the year for mortgage performance and over the years other sources have explained this in part on the winding down of winter’s higher home energy heating costs, seasonal relief from back-to-school and holiday expenses, the short month the precedes it, pushing some February payments into March, and as Black Knight also says, the arrival of tax refunds. These factors have, over the last 20 years, helped delinquencies decline by an average…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Published On: April 22, 2021 / Categories: Mortgage News /