Black Knight’s First Look: Hurricane Impact Lingers, Drives Up Foreclosure Starts as Moratoria Lift; National Delinquencies...
April 19 2018 - 9:00AM
Black Knight, Inc. (NYSE:BKI) reports the following “first look” at
March 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): 3.73%Month-over-month change:
-13.24%Year-over-year change: 3.09%
Total U.S. foreclosure pre-sale inventory rate:
0.63%Month-over-month change: -3.21%Year-over-year change:
-29.29%
Total U.S. foreclosure starts: 52,100Month-over-month change:
11.56%Year-over-year change: -13.60%
Monthly prepayment rate (SMM): 0.88%Month-over-month change:
22.04%Year-over-year change: -9.08%
Foreclosure sales as % of 90+: 1.70%Month-over-month change:
21.25%Year-over-year change: -25.79%
Number of properties that are 30 or more days past due, but not
in foreclosure: 1,912,000Month-over-month change:
-286,000Year-over-year change: 81,000
Number of properties that are 90 or more days past due, but not
in foreclosure: 632,000Month-over-month change:
-65,000Year-over-year change: 43,000
Number of properties in foreclosure pre-sale inventory:
321,000Month-over-month change: -10,000Year-over-year change:
-127,000
Number of properties that are 30 or more days past due or in
foreclosure: 2,232,000Month-over-month change:
-296,000Year-over-year change: -47,000
|
Top
5 States by Non-Current* Percentage |
Mississippi: |
|
|
9.45% |
Louisiana: |
|
|
7.76% |
Florida: |
|
|
7.15% |
Alabama: |
|
|
6.66% |
West Virginia: |
|
|
6.06% |
|
|
|
|
Bottom 5 States by Non-Current* Percentage |
North Dakota: |
|
|
2.26% |
Minnesota: |
|
|
2.26% |
Washington: |
|
|
2.20% |
Oregon: |
|
|
2.19% |
Colorado: |
|
|
1.82% |
|
|
|
|
Top
5 States by 90+ Days Delinquent Percentage |
Florida: |
|
|
3.34% |
Mississippi: |
|
|
3.03% |
Louisiana: |
|
|
2.23% |
Texas: |
|
|
1.99% |
Alabama: |
|
|
1.97% |
|
|
|
|
Top
5 States by 6-Month Improvement in Non-Current*
Percentage |
Texas: |
|
|
-22.37% |
Utah: |
|
|
-20.15% |
Washington: |
|
|
-20.10% |
Louisiana: |
|
|
-18.09% |
District of
Columbia: |
|
|
-17.83% |
|
|
|
|
Top
5 States by 6-Month Deterioration in Non-Current*
Percentage |
Florida: |
|
|
-6.71% |
North Dakota: |
|
|
-8.10% |
Alaska: |
|
|
-9.78% |
Maine: |
|
|
-10.01% |
Vermont: |
|
|
-10.68% |
|
|
|
|
*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 here. 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
here by May 7, 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
Black Knight (NYSE:BKI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Black Knight (NYSE:BKI)
Historical Stock Chart
From Apr 2023 to Apr 2024