JACKSONVILLE, Fla.,
March 21, 2019 /PRNewswire/
-- Black Knight, Inc. (NYSE:BKI) reports the following "first
look" at February 2019 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): 3.89%
Month-over-month change: 3.68%
Year-over-year change: -9.53%
Total U.S. foreclosure pre-sale inventory rate: 0.51%
Month-over-month change: -0.35%
Year-over-year change: -21.28%
Total U.S. foreclosure starts: 40,400
Month-over-month change: -19.52%
Year-over-year change: -13.49%
Monthly prepayment rate (SMM): 0.66%
Month-over-month change: 11.10%
Year-over-year change: -8.75%
Foreclosure sales as % of 90+: 1.48%
Month-over-month change: -23.35%
Year-over-year change: 5.76%
Number of properties that are 30 or more days past due, but not
in foreclosure: 2,019,000
Month-over-month change: 74,000
Year-over-year change: -179,000
Number of properties that are 90 or more days past due, but not
in foreclosure: 502,000
Month-over-month change: -2,000
Year-over-year change: -195,000
Number of properties in foreclosure pre-sale inventory:
264,000
Month-over-month change: -1,000
Year-over-year change: -67,000
Number of properties that are 30 or more days past due or in
foreclosure: 2,284,000
Month-over-month change: 74,000
Year-over-year change: -244,000
Top 5 States by Non-Current* Percentage
Mississippi:
|
10.16%
|
Louisiana:
|
8.27%
|
Alabama:
|
6.98%
|
West
Virginia:
|
6.42%
|
Arkansas:
|
6.19%
|
Bottom 5 States by Non-Current* Percentage
North
Dakota:
|
2.56%
|
Idaho:
|
2.32%
|
Washington:
|
2.30%
|
Oregon:
|
2.23%
|
Colorado:
|
2.01%
|
Top 5 States by 90+ Days Delinquent Percentage
Mississippi:
|
2.98%
|
Louisiana:
|
2.11%
|
Alabama:
|
1.92%
|
Arkansas:
|
1.78%
|
Delaware:
|
1.39%
|
Top 5 States by 6-Month Improvement in Non-Current*
Percentage
Washington:
|
0.88%
|
Florida:
|
1.01%
|
Hawaii:
|
1.58%
|
Ohio:
|
2.43%
|
Indiana:
|
3.67%
|
Top 5 States by 6-Month Deterioration in Non-Current*
Percentage
North
Dakota:
|
18.67%
|
South
Dakota:
|
17.99%
|
Virginia:
|
17.13%
|
Minnesota:
|
16.57%
|
Colorado:
|
14.67%
|
*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.
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 https://www.blackknightinc.com/data-reports/ by
April 1, 2019.
For more information about gaining access to Black Knight's
loan-level database, please send an email to
Mortgage.Monitor@bkfs.com.
About Black Knight
Black 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
Kersch
|
Mitch
Cohen
|
Black Knight, Inc.
|
Black Knight,
Inc.
|
904.854.5043
|
704.890.8158
|
michelle.kersch@bkfs.com
|
mitch.cohen@bkfs.com
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/black-knights-first-look-bucking-historical-seasonal-trend-february-sees-delinquencies-rise-prepayments-up-11-percent-driven-by-softening-interest-rates-300816062.html
SOURCE Black Knight, Inc.