Mortgage delinquency rates may be bottoming out – Black Knight
Written by Black Hot Fire Network on September 25, 2023
“But whereas we had been seeing delinquencies improve by as much as -40% Y/Y in early 2022, steady slowing in that annual rate of improvement has brought us to a mere -0.8% year over year reduction in August,” Cohen said. “This suggests that delinquency rates may be nearing their bottom.”
Read more: Fannie Mae chief economist tries to make sense of mortgage market
