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Black Knight Mortgage Monitor: "Purchase Lending Hits Highest Level Since 2007"

Black Knight Financial Services (BKFS) released their Mortgage Monitor report for July today. According to BKFS, 3.90% of mortgages were delinquent in July, down from 4.51% in July 2016. BKFS also reported that 0.78% of mortgages were in the foreclosure process, down from 1.09% a year ago.This gives a total of 4.68% delinquent or in foreclosure.Press Release: Black Knight’s Mortgage Monitor: Purchase Lending Hits Highest Level Since 2007 Despite Continued Headwinds from Tight Lending; Refinance Share at 16-Year LowToday, the Data & Analytics division of Black Knight Financial Services, Inc.
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