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Black Knight's First Look at March 2017 Mortgage Data: Delinquency Rate Drops to 11-Year Low; Prepayments Up 20 Percent from February's Three-Year Low
JACKSONVILLE, Fla., April 21, 2017 (GLOBE NEWSWIRE) -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE:BKFS) reports the following “first look” at March 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): 3.62% Total U.S. foreclosure pre-sale inventory rate: 0.88% Total U.S. foreclosure starts: 60,300 Monthly Prepayment Rate (SMM): 0.96% Foreclosure Sales as % of 90+: 2.29% Number of properties that are 30 or more days past due, but not in foreclosure: 1,831,000 Number of properties that are 90 or more days past due, but not in foreclosure: 589,000 Number of properties in foreclosure pre-sale inventory: 448,000 Number of properties that are 30 or more days past due or in foreclosure: 2,279,000 Top 5 States by Non-Current* Percentage Bottom 5 States by Non-Current* Percentage Top 5 States by 90+ Days Delinquent Percentage Top 5 States by 6-Month Improvement in Non-Current* Percentage Top 5 States by 6-Month Deterioration in Non-Current* Percentage 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/20170421.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 May 1, 2017. For more information about gaining access to Black Knight’s loan-level database, please send an email to [email protected]. About Black Knight Financial Services, Inc. Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com. For more information: Michelle Kersch 904.854.5043 [email protected] Mitch Cohen 646.546.5103 [email protected] |