Black Knight: Total Number of Past Due Mortgages Improves in July While Serious Delinquencies Climb; Monthly Prepayment Activity Hits 16-Year High
JACKSONVILLE, Fla., Aug. 21, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at July 2020 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):
Month-over-month change: -
Year-over-year change:
Total U.S. foreclosure pre-sale inventory rate:
Month-over-month change: -
Year-over-year change: -
Total U.S. foreclosure starts: 9,900
Month-over-month change:
Year-over-year change: -
Monthly prepayment rate (SMM):
Month-over-month change:
Year-over-year change:
Foreclosure sales as % of 90+:
Month-over-month change:
Year-over-year change: -
Number of properties that are 30 or more days past due, but not in foreclosure: 3,692,000
Month-over-month change: -342,000
Year-over-year change: 1,885,000
Number of properties that are 90 or more days past due, but not in foreclosure: 2,250,000
Month-over-month change: 376,000
Year-over-year change: 1,806,000
Number of properties in foreclosure pre-sale inventory: 190,000
Month-over-month change: -2,000
Year-over-year change: -68,000
Number of properties that are 30 or more days past due or in foreclosure: 3,881,000
Month-over-month change: -345,000
Year-over-year change: 1,816,000
Top 5 States by Non-Current* Percentage
Mississippi:
Louisiana:
New York:
Hawaii:
New Jersey:
Bottom 5 States by Non-Current* Percentage
Colorado:
Oregon:
Montana:
Washington:
Idaho:
Top 5 States by 90+ Days Delinquent Percentage
Mississippi:
Louisiana:
Nevada:
New Jersey:
Alaska:
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Mississippi:
Arkansas:
West Virginia:
Alabama:
Iowa:
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Nevada:
Alaska:
California:
Colorado:
Hawaii:
*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 Sep. 8, 2020.
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.
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Michelle Kersch | Mitch Cohen |
Black Knight, Inc. | Black Knight, Inc. |
904.854.5043 | 704.890.8158 |
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SOURCE Black Knight, Inc.
