According to new data from Black Knight, late mortgage payments have fallen to a nearly 20 year low. Just in the past year, they’re down 7.5%, and combined with foreclosure starts falling to a more than 18-year low, the improvement represents a major turnaround from where things were since the financial crisis and housing crash.
Source: America’s Financial Network, Inc. Newsletter, July 12, 2019, Diane Mohr, Loan Officer.
