Foreclosure starts increased nearly 7 percent in November from the previous month, but when compared to the previous year, they were down by over 9 percent, according to Black Knight Financial Services' First Look report, NationalMortgageNews.com reported today. There were 60,400 foreclosure starts in November, compared with 58,500 for October. Still, foreclosure starts remain near their 10-year-low level, Black Knight said. But for the fourth consecutive month, there was an increase in the percentage of loans 30 days or more past due but not in foreclosure. For November, the total delinquency rate was 4.46 percent, up from 4.35 percent in October.
