Black Knight's First Look: Continued Improvement Pushes Mortgage Delinquencies to New Record Low in May; Prepayment Activity Doubles Over Past Four Months

JACKSONVILLE, Fla., June 20, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at May 2019 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): 3.36%
Month-over-month change: -3.03%
Year-over-year change: -7.50%

Total U.S. foreclosure pre-sale inventory rate: 0.49%
Month-over-month change: -1.65%
Year-over-year change: -17.38%

Total U.S. foreclosure starts: 39,000
Month-over-month change: -5.80%
Year-over-year change: -13.14%

Monthly prepayment rate (SMM): 1.23%
Month-over-month change: 24.31%
Year-over-year change: 32.17%

Foreclosure sales as % of 90+: 1.81%
Month-over-month change: 6.94%
Year-over-year change: -0.82%

Number of properties that are 30 or more days past due, but not in foreclosure: 1,760,000
Month-over-month change: -52,000
Year-over-year change: -107,000

Number of properties that are 90 or more days past due, but not in foreclosure: 461,000
Month-over-month change: -13,000
Year-over-year change: -107,000

Number of properties in foreclosure pre-sale inventory: 255,000
Month-over-month change: -4,000
Year-over-year change: -48,000

Number of properties that are 30 or more days past due or in foreclosure: 2,015,000
Month-over-month change: -57,000
Year-over-year change: -156,000

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

*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 July 1, 2019.

For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected].

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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SOURCE Black Knight, Inc.

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