Black Knight’s First Look: Prepayments Rebound from All-Time Low; Overall Mortgage Delinquencies Inch Up As 30-Days Late Payments Rise
Mortgage Ledger Staff2023-03-24T12:54:20-04:00- The national mortgage delinquency rate increased 7 basis points in February to 3.45%, but remains down 12.6% year over year
- Prepayment activity (SMM) inched up to 0.35% — breaking a four-month streak of record lows, with relief likely