Black Knight’s First Look at November 2017 Mortgage Data: Continued Hurricane-Driven Effects Lead to Largest 90-Day Delinqu...
22 December 2017 - 1:00AM
Black Knight, Inc. (NYSE:BKI)reports the following “first
look” at November 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):
4.55%Month-over-month change: 2.54%Year-over-year change: 2.04%
Total U.S. foreclosure pre-sale inventory rate: 0.
66%Month-over-month change: -3.15%Year-over-year change:
-32.67%
Total U.S. foreclosure starts: 47,800Month-over-month change:
-4.78%Year-over-year change: -20.86%
Monthly Prepayment Rate (SMM): 0.98%Month-over-month change:
-12.41%Year-over-year change: -31.47%
Foreclosure Sales as % of 90+: 1.59%Month-over-month change:
-5.79%Year-over-year change: -12.34%
Number of properties that are 30 or more days past due, but not
in foreclosure: 2,324,000Month-over-month change:
62,000Year-over-year change: 61,000
Number of properties that are 90 or more days past due, but not
in foreclosure: 666,000Month-over-month change:
77,000Year-over-year change: -16,000
Number of properties in foreclosure pre-sale inventory:
337,000Month-over-month change: -11,000Year-over-year change:
-161,000
Number of properties that are 30 or more days past due or in
foreclosure: 2,661,000Month-over-month change: 51,000Year-over-year
change: -100,000
Top
5 States by Non-Current* Percentage |
Mississippi: |
10.88% |
Florida: |
10.12% |
Louisiana: |
9.36% |
Alabama: |
7.47% |
West
Virginia: |
7.19% |
|
|
Bottom 5 States by Non-Current*
Percentage |
Montana: |
2.64% |
Minnesota: |
2.64% |
Oregon: |
2.49% |
North Dakota: |
2.34% |
Colorado: |
2.15% |
|
|
Top
5 States by 90+ Days Delinquent Percentage |
|
|
Mississippi: |
3.21% |
Florida: |
3.04% |
Louisiana: |
2.68% |
Texas: |
2.23% |
Alabama: |
2.10%
|
|
|
Top
5 States by 6-Month Improvement in Non-Current*
Percentage |
Oregon: |
-7.76% |
New Jersey: |
-5.44% |
Washington: |
-4.52% |
Maine: |
-2.77% |
District of
Columbia: |
-2.37%
|
|
|
Top
5 States by 6-Month Deterioration in Non-Current*
Percentage |
Florida: |
94.27% |
Texas: |
33.40% |
Georgia: |
9.79% |
Arizona: |
9.48% |
Michigan: |
8.83%
|
*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/20171121.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 Jan. 8, 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
(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.
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
904.854.5043
michelle.kersch@bkfs.com
Mitch Cohen
646.926.7741mitch@mprg.com
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