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Black Knight's First Look at February 2018 Mortgage Data: Though Hurricane-Related Delinquencies Linger, Foreclosures Fall; Prepays Hit Four-Year Low
JACKSONVILLE, Fla., March 22, 2018 (GLOBE NEWSWIRE) -- 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% Total U.S. foreclosure pre-sale inventory rate: 0.65% Total U.S. foreclosure starts: 46,700 Monthly prepayment rate (SMM): 0.72% Foreclosure sales as % of 90+: 1.40% Number of properties that are 30 or more days past due, but not in foreclosure: ?2,198,000 Number of properties that are 90 or more days past due, but not in foreclosure: ?697,000 Number of properties in foreclosure pre-sale inventory: ?331,000 Number of properties that are 30 or more days past due or in foreclosure: 2,528,000 Top 5 States by Non-Current* Percentage
Bottom 5 States by Non-Current* Percentage
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. 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 [email protected]. About Black Knight 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 Cohen |