Foreclosure starts reach lowest level since 2005

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Lenders completed foreclosure (REO) on 25,990 U.S. properties in April, down 9 percent from the previous month and down 22 percent from a year ago to the lowest level since February 2015 – a 26-month (more than 2 year) low and running just above the pre-recession average of 25,796 per month between April 2005 and November 2007.

Weaker expectations about personal finances helped drive U.S. consumer optimism this month to the lowest level since October. expectations start to post significant declines while assessments of.

Note: There was a report of a "foreclosure spike" in October. This data shows the opposite happened. From Black Knight: Black Knight’s First Look at October 2016 Mortgage Data: foreclosure starts hit lowest Level Since January 2005; foreclosure rate falls Below One Percent for First Time Since July 2007 October’s 56,500 foreclosure starts is the lowest one-month total in nearly 12 years

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— The national delinquency rate has fallen for the third consecutive month, hitting 3.36% in May, its lowest level since Black Knight began reporting the metric in January 2000 — Both early.

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The share of applicants seeking to refinance a loan fell to 64 percent, the lowest level since. into the foreclosure pipeline. Combined sales of existing and new homes in December were at a 5.6.

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In their "first look" report for October 2016, Black Knight Financial Services is reporting that foreclosure starts have hit their lowest level since January 2005. According to the report, October saw were 56,500 foreclosure starts (lowest in nearly 12 years) as well as a lower prepayment level than September.

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 · (credit: istock) american lenders last year initiated foreclosures on the lowest percentage of American homes since 2005, raising hopes that the worst of the last housing crisis might be in the rearview mirror. The 52,069 properties targeted for foreclosure in December represented a 19 percent drop year over year and the sixth consecutive month of.