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Black Knight's First Look: Mortgage Delinquencies Decline for Fifth Consecutive Month in October; Record-Low Rates Push Prepayment Activity to 16-Year HighJACKSONVILLE, Fla., Nov. 23, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at October 2020 month-end mortgage performance statistics derived from its loan-level database representing approximately two thirds of the national mortgage market. Data is then extrapolated to reflect the entirety of the active mortgage universe. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 6.44% Total U.S. foreclosure pre-sale inventory rate: 0.33% Total U.S. foreclosure starts: 4,700 Monthly prepayment rate (SMM): 3.17% Foreclosure sales as % of 90+: 0.07% Number of properties that are 30 or more days past due, but not in foreclosure: 3,437,000 Number of properties that are 90 or more days past due, but not in foreclosure: 2,259,000 Number of properties in foreclosure pre-sale inventory: 178,000 Number of properties that are 30 or more days past due or in foreclosure: 3,616,000 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. 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 Dec. 7, 2020. For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected]. About Black Knight About Black Knight Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.
View original content to download multimedia:http://www.prnewswire.com/news-releases/black-knights-first-look-mortgage-delinquencies-decline-for-fifth-consecutive-month-in-october-record-low-rates-push-prepayment-activity-to-16-year-high-301178223.html SOURCE Black Knight, Inc. |