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Where Is All The "Shadow Inventory"?
Chris B Johnson, REALTOR®             Your Moorpark Neighborhood Specialists
ChrisHasYourBuyer.Info                               Time To Buy #ChrisBJohnsonRealtor
Sorry, I did not mean Instant access to the Shadow Inventory.....The foreclosure inventory percentage dropped by 22.5 percent year-over-year in June down to about 1.46 percent of all residential mortgages nationwide, according to Black Knight Financial Services' First Look at June 2015 Mortgage Datareleased Thursday.
The number of loans in some state of foreclosure as of June 2015 dropped to about 739,000 year-over-year, the lowest number since 2007, prior to the financial crisis. Even with the decline, however, the foreclosure inventory rate is still three times its "normal" rate, according to Black Knight.
The delinquency rate (loans 30 days or more overdue but not in foreclosure), dropped by 3 percent from May to June after two consecutive months of increases, and has fallen by 16 percent year-over-year. The number of mortgage loans in the universe that were delinquent as of the end of June was 2.44 million, a drop of 439,000 since last June. The number of non-current loans (mortgage loans 30 days or more overdue or in foreclosure) for June was 3.18 million, a decline of more than 650,000 loans from a year earlier, according to Black ... more

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