Posted on: 29th Jan, 2014 03:35 am
According to the data released by the Black Knight Financial Services’ Mortgage Monitor, mortgage delinquencies dropped nearly 10% in 2013 on a year-over-year basis despite a slight rise in December. But, there is widespread variation in mortgage delinquency rate across states.
It should be noted here that at the end of December, 2013, there were 3.24 million properties that were 30 or more days delinquent, but not in foreclosure.