JACKSONVILLE, Fla., Aug. 22, 2019 /PRNewswire/ -- Black Knight, Inc. BKI reports the following "first look" at July 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): 3.46% Month-over-month change: -7.27%
Year-over-year change: -4.25%
Total U.S. foreclosure pre-sale inventory rate: 0.49%
Month-over-month change: -0.49%
Year-over-year change: -13.20%
Total U.S. foreclosure starts: 39,200
Month-over-month change: -2.24%
Year-over-year change: -18.84%
Monthly prepayment rate (SMM): 1.43%
Month-over-month change: 25.71%
Year-over-year change: 58.40%
Foreclosure sales as % of 90+: 1.75%
Month-over-month change: -0.65%
Year-over-year change: 2.65%
Number of properties that are 30 or more days past due, but not in foreclosure: 1,807,000
Month-over-month change: -143,000
Year-over-year change: -54,000
Number of properties that are 90 or more days past due, but not in foreclosure: 444,000
Month-over-month change: -11,000
Year-over-year change: -84,000
Number of properties in foreclosure pre-sale inventory: 258,000
Month-over-month change: -1,000
Year-over-year change: -35,000
Number of properties that are 30 or more days past due or in foreclosure: 2,065,000
Month-over-month change: -144,000
Year-over-year change: -89,000
Top 5 States by Non-Current* Percentage | |
Mississippi: | 10.36% |
Louisiana: | 7.82% |
Alabama: | 6.80% |
West Virginia: | 6.35% |
Arkansas: | 5.96% |
Bottom 5 States by Non-Current* Percentage | |
California: | 2.11% |
Idaho: | 2.10% |
Washington: | 1.97% |
Oregon: | 1.92% |
Colorado: | 1.82% |
Top 5 States by 90+ Days Delinquent Percentage | |
Mississippi: | 3.14% |
Alabama: | 1.91% |
Louisiana: | 1.88% |
Arkansas: | 1.74% |
West Virginia: | 1.28% |
Top 5 States by 6-Month Improvement in Non-Current* Percentage | |
District of Columbia: | -33.55% |
Illinois: | -16.51% |
California: | -14.43% |
Hawaii: | -11.89% |
Florida: | -11.63% |
Top 5 States by 6-Month Deterioration in Non-Current* Percentage | |
Montana: | 3.43% |
South Dakota: | 2.68% |
Mississippi: | 2.52% |
Alabama: | 0.68% |
Utah: | 0.57% |
*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 Sept. 9, 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 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 |
View original content to download multimedia:http://www.prnewswire.com/news-releases/black-knights-first-look-july-prepayment-activity-hits-highest-level-since-2016-mortgage-delinquencies-see-strong-recovery-from-june-spike-300905562.html
SOURCE Black Knight, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Your update on what’s going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!