Black Knight’s First Look: Mortgage Delinquencies Decline Sharply in January; Hurricanes’ Lingering Impact on Performance...
February 23 2018 - 9:00AM
Black Knight, Inc. (NYSE:BKI) reports the following “first look” at
January 2018 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): 4.31%Month-over-month change: -8.57
%Year-over-year change: 1.31%
Total U.S. foreclosure pre-sale inventory rate:
0.66%Month-over-month change: 1.84%Year-over-year change:
-30.35%
Total U.S. foreclosure starts: 62,300Month-over-month change:
40.0%Year-over-year change: -11.51%
Monthly prepayment rate (SMM): 0.79%Month-over-month change:
-14.73%Year-over-year change: -16.80%
Foreclosure sales as % of 90+: 1.74%Month-over-month change:
42.25%Year-over-year change: -21.75%
Number of properties that are 30 or more days past due, but not
in foreclosure: 2,202,000Month-over-month change:
-210,000Year-over-year change: 40,000
Number of properties that are 90 or more days past due, but not
in foreclosure: 707,000Month-over-month change:
-19,000Year-over-year change: 43,000
Number of properties in foreclosure pre-sale inventory:
337,000Month-over-month change: 6,000Year-over-year change:
-144,000
Number of properties that are 30 or more days past due or in
foreclosure: 2,539,000Month-over-month change:
-204,000Year-over-year change: -104,000
|
Top
5 States by Non-Current*
Percentage |
Mississippi: |
10.95% |
Louisiana: |
9.34% |
Florida: |
8.34% |
Alabama: |
7.47% |
West Virginia: |
7.17% |
|
|
Bottom 5 States by Non-Current*
Percentage |
Idaho: |
2.59% |
Washington: |
2.50% |
Oregon: |
2.43% |
North Dakota: |
2.36% |
Colorado: |
2.05% |
|
|
Top
5 States by 90+ Days Delinquent
Percentage |
Florida: |
3.96% |
Mississippi: |
3.37% |
Louisiana: |
2.68% |
Texas: |
2.33% |
Alabama: |
2.13% |
|
Top
5 States by 6-Month Improvement in Non-Current*
Percentage |
District of
Columbia: |
-11.18% |
Washington: |
-10.37% |
New Jersey: |
-8.33% |
Oregon: |
-6.98% |
Utah: |
-6.89% |
|
|
Top
5 States by 6-Month Deterioration in Non-Current*
Percentage |
Florida: |
59.37% |
Texas: |
21.85% |
Louisiana: |
6.55% |
Georgia |
5.85% |
Alaska: |
5.69% |
|
|
*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/20180223.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 March 5, 2018.
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
(NYSE:BKI) is a leading provider of integrated software, data and
analytics solutions that facilitate and automate many of the
business processes across the homeownership lifecycle.
As a leading fintech, 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 Cohen704.890.8158mitch.cohen@bkfs.com
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