Black Knight's First Look at October 2016 Mortgage Data: Foreclosure Starts Hit Lowest Level Since January 2005; Foreclosure Rate Falls Below One Percent for First Time Since July 2007

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.

Black Knight Financial Services logo (PRNewsFoto/Black Knight Financial Services)

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:

  1. Totals are extrapolated based on Black Knight Financial Services' 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 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.

For more information:




Michelle Kersch                                                   

Mitch Cohen    

904.854.5043                                                    

646.546.5103

michelle.kersch@bkfs.com

mitch@mprg.com

Logo - http://photos.prnewswire.com/prnh/20150712/235391LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/black-knights-first-look-at-october-2016-mortgage-data-foreclosure-starts-hit-lowest-level-since-january-2005-foreclosure-rate-falls-below-one-percent-for-first-time-since-july-2007-300369578.html

SOURCE Black Knight Financial Services, Inc.

Related Stocks:
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.