Dec 20, 2018   SOURCE: PR NewsWire

Black Knight's First Look: November Prepayment Activity Hits 10-Year Low as Refinances Fall and Housing Turnover Sees Seasonal Decline

JACKSONVILLE, Fla., Dec. 20, 2018 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at November 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): 3.71%
Month-over-month change: 1.78%
Year-over-year change: -18.53%

Total U.S. foreclosure pre-sale inventory rate: 0.52%
Month-over-month change: -0.22%
Year-over-year change: -21.95%

Total U.S. foreclosure starts: 45,200
Month-over-month change: -10.67%
Year-over-year change: -5.44%

Monthly prepayment rate (SMM): 0.66%
Month-over-month change: -14.95%
Year-over-year change: -33.00%

Foreclosure sales as % of 90+: 1.78%
Month-over-month change: -8.92%
Year-over-year change: 11.48%

Number of properties that are 30 or more days past due, but not in foreclosure: 1,925,000
Month-over-month change: 41,000
Year-over-year change: -399,000

Number of properties that are 90 or more days past due, but not in foreclosure: 510,000
Month-over-month change: 11,000
Year-over-year change: -156,000

Number of properties in foreclosure pre-sale inventory: 268,000
Month-over-month change: 1,000
Year-over-year change: -69,000

Number of properties that are 30 or more days past due or in foreclosure: 2,193,000
Month-over-month change: 41,000
Year-over-year change: -468,000

Top 5 States by Non-Current* Percentage 


            Mississippi:               10.20%



            Louisiana:                  7.91%



            Alabama:                    6.82%



            Arkansas:                   6.57%



            West Virginia:              6.46%

Bottom 5 States by Non-Current* Percentage 


              Idaho:                     2.55%



              California:                2.35%



              Washington:                2.28%



              Oregon:                    2.27%



              Colorado:                  1.91%

Top 5 States by 90+ Days Delinquent Percentage 


              Mississippi:             3.11%



              Louisiana:               2.14%



              Arkansas:                1.97%



              Alabama:                 1.94%



              Tennessee:               1.46%

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


              Florida:         -22.94%



              Alaska:          -10.32%


               New Jersey:       -7.70%



              Texas:            -6.92%



              New York:         -4.98%

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


              Iowa:                   23.54%



              North Dakota:           20.90%



              Nebraska:               20.67%



              Minnesota:              20.19%



              Arkansas:               19.59%

*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 Jan. 7, 2019.
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. 


       For more information:



       Michelle Kersch                                
     Mitch Cohen



       Black Knight, Inc.                             
     Black Knight Inc.



       904.854.5043                                   
     704.890.8158


                              michelle.kersch@bkfs.com                     mitch.cohen@bkfs.com

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SOURCE Black Knight, Inc.