by Mike ‘Mish’ Shedlock
Early stage mortgage delinquencies improved in July but serious delinquencies are another matter.
Good News and Bad News
The Black Knight Mortgage Monitor for July has a bit of good news and bad.
The Good News
– Mortgage delinquencies continued to improve in July, falling 9% from June, with more than 340K fewer past due mortgages than the month prior.