Black Knight’s First Look at February 2018 Mortgage Data: Though Hurricane-Related Delinquencies Linger, Foreclosures Fall;...
23 March 2018 - 12:00AM
Black Knight, Inc. (NYSE:BKI) reports the following “first
look” at February 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): 4.30%Month-over-month change: -0.21
%Year-over-year change: 2.10%
Total U.S. foreclosure pre-sale inventory rate:
0.65%Month-over-month change: -1.81%Year-over-year change:
-30.30%
Total U.S. foreclosure starts: 46,700Month-over-month change:
-25.04%Year-over-year change: -19.34%
Monthly prepayment rate (SMM): 0.72%Month-over-month change:
-8.93%Year-over-year change: -10.58%
Foreclosure sales as % of 90+: 1.40%Month-over-month change:
-19.68%Year-over-year change: -24.97%
Number of properties that are 30 or more days past due, but not
in foreclosure: 2,198,000Month-over-month change:
-4,000Year-over-year change: 63,000
Number of properties that are 90 or more days past due, but not
in foreclosure: 697,000Month-over-month change:
-10,000Year-over-year change: 56,000
Number of properties in foreclosure pre-sale inventory:
331,000Month-over-month change: -6,000Year-over-year change:
-139,000
Number of properties that are 30 or more days past due or in
foreclosure: 2,528,000Month-over-month change:
-11,000Year-over-year change: -77,000
Top 5 States by Non-Current* Percentage
| Mississippi: |
|
|
10.69% |
| Louisiana: |
|
|
9.11% |
| Florida: |
|
|
8.21% |
| Alabama: |
|
|
7.53% |
| West Virginia: |
|
|
6.96% |
| |
|
|
|
Bottom 5 States by Non-Current* Percentage
| Idaho: |
|
|
2.61% |
| Oregon: |
|
|
2.54% |
| Washington: |
|
|
2.52% |
| North Dakota: |
|
|
2.51% |
| Colorado: |
|
|
2.10% |
| |
|
|
|
Top 5 States by 90+ Days Delinquent
Percentage
| Florida: |
|
|
3.84% |
| Mississippi: |
|
|
3.35% |
| Louisiana: |
|
|
2.60% |
| Texas: |
|
|
2.27% |
| Alabama: |
|
|
2.13% |
| |
|
|
|
Top 5 States by 6-Month Improvement in Non-Current*
Percentage
| Washington: |
|
|
-7.85% |
| District of
Columbia: |
|
|
-6.76% |
| New Jersey: |
|
|
-6.47% |
| New York: |
|
|
-5.48% |
| New Mexico: |
|
|
-3.95% |
| |
|
|
|
Top 5 States by 6-Month Deterioration in Non-Current*
Percentage
| Florida: |
|
|
57.33% |
| Texas: |
|
|
12.74% |
| North Dakota:
|
|
|
8.65% |
| Alaska: |
|
|
6.58% |
| Georgia: |
|
|
6.46% |
| |
|
|
|
*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/20180322.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 April 2, 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.
SOURCE: BLACK KNIGHT, INC.
For more information:
Michelle
Kersch
Mitch
Cohen904.854.5043
704.890.8158michelle.kersch@bkfs.com
mitch.cohen@bkfs.com
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