• The national delinquency rate edged slightly downward in February, with hurricane-related delinquencies declining by a modest 5 percent for the month
  • Serious delinquencies (90 or more days past due) attributed to Hurricanes Harvey and Irma fell just 3 percent
  • 128,000 hurricane-driven seriously delinquent mortgages remain in Texas, Florida, and Georgia
  • After hitting a 12-month high in January, foreclosure starts fell 25 percent month-over-month
  • Active foreclosure inventory rebounded from January’s increase, reaching a new post-recession low
  • Rising interest rates pushed prepayment activity to the lowest level since 2014

JACKSONVILLE, Fla., March 22, 2018 (GLOBE NEWSWIRE) -- Black Knight, Inc. (NYSE:BKI) reports the following “first look” at February 2018 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):​ 4.30%
Month-over-month change: -0.21 %
Year-over-year change: 2.10%

Total U.S. foreclosure pre-sale inventory rate: 0.65%
Month-over-month change: -1.81%
Year-over-year change: -30.30%

Total U.S. foreclosure starts: 46,700
Month-over-month change: -25.04%
Year-over-year change: -19.34%

Monthly prepayment rate (SMM): 0.72%
Month-over-month change: -8.93%
Year-over-year change: -10.58%

Foreclosure sales as % of 90+: 1.40%
Month-over-month change: -19.68%
Year-over-year change: -24.97%

Number of properties that are 30 or more days past due, but not in foreclosure: ​2,198,000
Month-over-month change: -4,000
Year-over-year change: 63,000

Number of properties that are 90 or more days past due, but not in foreclosure: ​697,000
Month-over-month change: -10,000
Year-over-year change: 56,000

Number of properties in foreclosure pre-sale inventory: ​331,000
Month-over-month change: -6,000
Year-over-year change: -139,000

Number of properties that are 30 or more days past due or in foreclosure: 2,528,000
Month-over-month change: -11,000
Year-over-year change: -77,000

Top 5 States by Non-Current* Percentage

Mississippi:  10.69%
Louisiana:  9.11%
Florida:  8.21%
Alabama:  7.53%
West Virginia:  6.96%
    

Bottom 5 States by Non-Current* Percentage

Idaho:  2.61%
Oregon:  2.54%
Washington:  2.52%
North Dakota:  2.51%
Colorado:  2.10%
    

Top 5 States by 90+ Days Delinquent Percentage

Florida:  3.84%
Mississippi:  3.35%
Louisiana:  2.60%
Texas:  2.27%
Alabama:  2.13%
    

Top 5 States by 6-Month Improvement in Non-Current* Percentage

Washington:  -7.85%
District of Columbia:  -6.76%
New Jersey:  -6.47%
New York:  -5.48%
New Mexico:  -3.95%
    

Top 5 States by 6-Month Deterioration in Non-Current* Percentage

Florida:  57.33%
Texas:  12.74%
North Dakota:       8.65%
Alaska:  6.58%
Georgia:  6.46%
    

*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 at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20180322.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 April 2, 2018.

For more information about gaining access to Black Knight’s loan-level database, please send an email to dataanalyticsinfo@bkfs.com.

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.

SOURCE: BLACK KNIGHT, INC.

For more information:

Michelle Kersch                                                                                          Mitch Cohen
904.854.5043                                                                                              704.890.8158
michelle.kersch@bkfs.com                                                                         mitch.cohen@bkfs.com