JACKSONVILLE, Fla.,
Nov. 27, 2018 /PRNewswire/
-- Black Knight, Inc. (NYSE:BKI) reports the following "first
look" at October 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): 3.64%
Month-over-month change: -8.19%
Year-over-year change: -17.93%
Total U.S. foreclosure pre-sale inventory rate: 0.52%
Month-over-month change: -0.54%
Year-over-year change: -24.24%
Total U.S. foreclosure starts: 50,600
Month-over-month change: 26.50%
Year-over-year change: 0.80%
Monthly prepayment rate (SMM): 0.80%
Month-over-month change: 13.59%
Year-over-year change: -28.67%
Foreclosure sales as % of 90+: 1.95%
Month-over-month change: 27.74%
Year-over-year change: 15.32%
Number of properties that are 30 or more days past due, but not
in foreclosure: 1,884,000
Month-over-month change: -165,000
Year-over-year change: -378,000
Number of properties that are 90 or more days past due, but not
in foreclosure: 499,000
Month-over-month change: -14,000
Year-over-year change: -90,000
Number of properties in foreclosure pre-sale inventory:
267,000
Month-over-month change: -1,000
Year-over-year change: -81,000
Number of properties that are 30 or more days past due or in
foreclosure: 2,152,000
Month-over-month change: -165,000
Year-over-year change: -458,000
Top 5 States by
Non-Current* Percentage
|
Mississippi:
|
10.00%
|
Louisiana:
|
7.89%
|
Alabama:
|
6.76%
|
West
Virginia:
|
6.25%
|
Arkansas:
|
6.05%
|
|
|
Bottom 5 States by
Non-Current* Percentage
|
North
Dakota:
|
2.30%
|
Idaho:
|
2.26%
|
Washington:
|
2.25%
|
Oregon:
|
2.03%
|
Colorado:
|
1.81%
|
|
|
Top 5 States by
90+ Days Delinquent Percentage
|
Mississippi:
|
2.94%
|
Louisiana:
|
2.06%
|
Alabama:
|
1.88%
|
Arkansas:
|
1.80%
|
Tennessee:
|
1.39%
|
|
|
Top 5 States by
6-Month Improvement in Non-Current* Percentage
|
Florida:
|
-28.92%
|
Alaska:
|
-17.15%
|
Oregon:
|
-7.70%
|
Texas:
|
-7.52%
|
New
Jersey:
|
-7.03%
|
|
|
Top 5 States by
6-Month Deterioration in Non-Current* Percentage
|
Nebraska:
|
23.90%
|
Iowa:
|
14.32%
|
North
Carolina:
|
12.45%
|
Arkansas:
|
11.55%
|
Minnesota:
|
10.44%
|
*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
Dec. 10, 2018.
For more information about gaining access to Black Knight's
loan-level database, please send an email to
dataanalyticsinfo@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
|
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SOURCE Black Knight, Inc.