That was still down 30 basis points, or 9%, from the nationwide delinquency rate at year-end 2021.
At the same time, prepayment activity in December dropped to 0.39%, a new low, according to Black Knight.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Delinquencies Tick Up, Prepayments Hit Fresh Low: Black Knight
The U.S. mortgage delinquency rate edged higher by seven basis points to 3.08% in the month of December, according to Black Knight’s “First Look” at the data. So reports DSNews.
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