JACKSONVILLE, Fla., Nov. 29, 2016 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at October 2016 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): 4.35%
Month-over-month change: 1.84%
Year-over-year change: -8.87%
Total U.S. foreclosure pre-sale inventory rate: 0.99%
Month-over-month change: -0.95%
Year-over-year change: -30.24%
Total U.S. foreclosure starts: 56,500
Month-over-month change: -8.43%
Year-over-year change: -22.81%
Monthly Prepayment Rate (SMM): 1.49%
Month-over-month change: -3.01%
Year-over-year change: 37.34%
Foreclosure Sales as % of 90+: 1.70%
Month-over-month change: -16.27%
Year-over-year change: -16.32%
Number of properties that are 30 or more days past due, but not in foreclosure: 2,202,000
Month-over-month change: 37,000
Year-over-year change: -214,000
Number of properties that are 90 or more days past due, but not in foreclosure: 677,000
Month-over-month change: 9,000
Year-over-year change: -143,000
Number of properties in foreclosure pre-sale inventory: 504,000
Month-over-month change: -5,000
Year-over-year change: -217,000
Number of properties that are 30 or more days past due or in foreclosure: 2,706,000
Month-over-month change: 32,000
Year-over-year change: -430,000
Top 5 States by Non-Current* Percentage | |
Mississippi: | 11.23% |
Louisiana: | 10.18% |
New Jersey: | 8.15% |
Alabama: | 7.93% |
New York: | 7.85% |
Bottom 5 States by Non-Current* Percentage | |
South Dakota: | 2.97% |
Montana: | 2.86% |
Minnesota: | 2.74% |
Colorado: | 2.43% |
North Dakota: | 2.22% |
Top 5 States by 90+ Days Delinquent Percentage | |
Mississippi: | 3.43% |
Louisiana: | 3.05% |
Alabama: | 2.37% |
Arkansas: | 2.06% |
Tennessee: | 1.95% |
Top 5 States by 6-Month Improvement in Non-Current* Percentage | |
Oregon: | -11.23% |
Nevada: | -10.70% |
Hawaii: | -10.69% |
Washington: | -10.35% |
New Jersey: | -9.75% |
Top 5 States by 6-Month Deterioration in Non-Current* Percentage | |
Wyoming: | 12.78% |
Louisiana: | 12.48% |
Nebraska: | 6.44% |
Michigan: | 5.11% |
Oklahoma: | 5.02% |
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
- Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets.
- 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 at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20161129.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 Dec. 5, 2016.
For more information about gaining access to Black Knight's loan-level database, please send an email to dataanalyticsinfo@bkfs.com.
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE:FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
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.
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Michelle Kersch | Mitch Cohen |
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SOURCE Black Knight Financial Services, Inc.