JACKSONVILLE, Fla., Jan. 23, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at December 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): 3.88%
Month-over-month change: 4.71%
Year-over-year change: -17.55%
Total U.S. foreclosure pre-sale inventory rate: 0.52%
Month-over-month change: 1.19%
Year-over-year change: -19.23%
Total U.S. foreclosure starts: 46,300
Month-over-month change: 2.43%
Year-over-year change: 4.04%
Monthly prepayment rate (SMM): 0.66%
Month-over-month change: 0.03%
Year-over-year change: -29.02%
Foreclosure sales as % of 90+: 1.38%
Month-over-month change: -22.47%
Year-over-year change: 12.29%
Number of properties that are 30 or more days past due, but not in foreclosure: 2,013,000
Month-over-month change: 88,000
Year-over-year change: -399,000
Number of properties that are 90 or more days past due, but not in foreclosure: 511,000
Month-over-month change: 1,000
Year-over-year change: -215,000
Number of properties in foreclosure pre-sale inventory: 271,000
Month-over-month change: 3,000
Year-over-year change: -60,000
Number of properties that are 30 or more days past due or in foreclosure: 2,283,000
Month-over-month change: 90,000
Year-over-year change: -460,000
Top 5 States by Non-Current* Percentage | ||||||||||||
Mississippi: | 10.09% | |||||||||||
Louisiana: | 8.13% | |||||||||||
Alabama: | 6.95% | |||||||||||
West Virginia: | 6.69% | |||||||||||
Arkansas: | 6.29% | |||||||||||
Bottom 5 States by Non-Current* Percentage | ||||||||||||
North Dakota: | 2.46% | |||||||||||
Idaho: | 2.32% | |||||||||||
Washington: | 2.28% | |||||||||||
Oregon: | 2.12% | |||||||||||
Colorado: | 1.90% | |||||||||||
Top 5 States by 90+ Days Delinquent Percentage | ||||||||||||
Mississippi: | 3.06% | |||||||||||
Louisiana: | 2.08% | |||||||||||
Alabama: | 1.91% | |||||||||||
Arkansas: | 1.84% | |||||||||||
North Carolina: | 1.42% | |||||||||||
Top 5 States by 6-Month Improvement in Non-Current* Percentage | ||||||||||||
Florida: | -12.37% | |||||||||||
Wyoming: | -5.00% | |||||||||||
Tennessee: | -4.72% | |||||||||||
Alaska: | -4.24% | |||||||||||
Utah: | -2.97% | |||||||||||
Top 5 States by 6-Month Deterioration in Non-Current* Percentage | ||||||||||||
District of Columbia: | 20.96% | |||||||||||
Nebraska: | 20.38% | |||||||||||
Illinois: | 18.52% | |||||||||||
Arkansas: | 11.15% | |||||||||||
North Carolina: | 10.53% | |||||||||||
*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 Feb. 4, 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 |
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SOURCE Black Knight, Inc.
