ML-Implode News - California No Longer Foreclosure 'Kingpin'? Playing with the data... again.

In fact, a half a percent drop in the loosely defined non-current rate could just be a statistical anomaly since the data came from Black Knight Financial, which used to be LPS, and they're a company that tracks roughly 40 percent of all mortgages.Â So, the half a percent drop in the non-current rate, if it didn't sound small enough already, might not even be there at all!...
if the number of underwater homes nationally in 2015 fell by almost a million from 2014, which is roughly a 20 percent decline, then shouldn't foreclosures in 2015 nationally have fallen by more than just one percent? I mean, if underwater homes are the major factor in foreclosures, then 20 percent fewer underwater homes should mean more than a one percent drop in foreclosures, right? Am I missing something here?

Relevant:

California No Longer Foreclosure 'Kingpin'? Playing with the data... again. | Mandelman Matters