Black Knight’s First Look at September 2017 Mortgage Data: Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages
October 19 2017 - 9:00AM
The Data & Analytics division of Black Knight, Inc. (NYSE:BKI)
reports the following “first look” at September 2017 month-end
mortgage performance statistics derived from its loan-level
database representing the majority of the national mortgage market.
Total U.S. loan delinquency rate (loans 30 or more days past due,
but not in foreclosure): 4.40%Month-over-month change:
11.85%Year-over-year change: 2.96%
Total U.S. foreclosure pre-sale inventory rate:
0.70%Month-over-month change: -7.17%Year-over-year change:
-30.08%
Total U.S. foreclosure starts: 45,200Month-over-month change:
-17.37%Year-over-year change: -26.74%
Monthly Prepayment Rate (SMM): 0.96%Month-over-month change:
-15.13%Year-over-year change: -37.76%
Foreclosure Sales as % of 90+: 1.75%Month-over-month change:
-17.39%Year-over-year change: -13.72%
Number of properties that are 30 or more days past due, but not
in foreclosure: 2,245,000Month-over-month change:
242,000Year-over-year change: 80,000
Number of properties that are 90 or more days past due, but not
in foreclosure: 576,000Month-over-month change:
19,000Year-over-year change: -92,000
Number of properties in foreclosure pre-sale inventory:
358,000Month-over-month change: -27,000Year-over-year change:
-151,000
Number of properties that are 30 or more days past due or in
foreclosure: 2,603,000Month-over-month change:
214,000Year-over-year change: -71,000
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| Top
5 States by Non-Current* Percentage |
| Mississippi: |
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10.81% |
| Louisiana: |
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9.48% |
| Florida: |
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7.67% |
| Alabama: |
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7.53% |
| Texas: |
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7.30% |
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Bottom 5 States by Non-Current* Percentage |
| Washington: |
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2.75% |
| Minnesota: |
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2.65% |
| Oregon: |
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2.58% |
| North Dakota: |
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2.46% |
| Colorado: |
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2.19% |
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| Top
5 States by 90+ Days Delinquent Percentage |
| Mississippi: |
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3.15% |
| Louisiana: |
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2.58% |
| Alabama: |
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2.10% |
| Arkansas: |
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1.86% |
| Tennessee: |
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1.66% |
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| Top
5 States by 6-Month Improvement in Non-Current*
Percentage |
| Oregon: |
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-5.13% |
| Hawaii: |
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-4.24% |
| New Jersey: |
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-3.96% |
| District of
Columbia: |
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-3.28% |
| Maine: |
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-0.20% |
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| Top
5 States by 6-Month Deterioration in Non-Current*
Percentage |
| Florida: |
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46.68% |
| Texas: |
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43.95% |
| Nebraska: |
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18.10% |
| Michigan: |
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17.72% |
| North Dakota: |
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17.34% |
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*Non-current totals combine foreclosures and delinquencies as a
percent of active loans in that state.Notes:1. Totals are
extrapolated based on Black Knight’s loan-level database of
mortgage assets.2. All whole numbers are rounded to the nearest
thousand, except foreclosure starts, which are rounded to the
nearest hundred.
For a more detailed view of this month’s “first look” data,
please visit the Black Knight newsroom at
http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20171019.aspx
The company will provide a more in-depth review of this data in
its monthly Mortgage Monitor report, which includes an analysis of
data supplemented by detailed charts and graphs that reflect trend
and point-in-time observations. The Mortgage Monitor report will be
available online at
http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/Mortgage-Monitor.aspx
by Nov. 6, 2017.
For more information about gaining access to
Black Knight’s loan-level database, please send an email to
dataanalyticsinfo@bkfs.com.
About Black KnightBlack Knight
is a leading provider of integrated software, data and analytics
solutions that facilitate and automate many of the business
processes across the homeownership lifecycle.
Black Knight is committed to being a premier business
partner that clients rely on to achieve their strategic goals,
realize greater success and better serve their customers by
delivering best-in-class software, services and insights with a
relentless commitment to excellence, innovation, integrity and
leadership. For more information on Black Knight, please visit
www.blackknightinc.com.
For more information:
Michelle Kersch904.854.5043michelle.kersch@bkfs.com
Mitch Cohen646.926.7741mitch@mprg.com
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