Delinquencies continue downward trend

Source: Black Knight Financial

Delinquencies continued their move lower and dropped 11% from January 2014, according to the latest report from Black Knight Financial Services.  January’s 94,300 foreclosure starts were the highest level of starts since December 2013, up 5.48% month-over-month and 0.21% year-over-year.

Meanwhile, prepayment rates — historically a good indicator of refinance activity—dropped 23% from December, though it remains up 19% from this time last year.