Black Knight's First Look: July Prepayment Activity Hits Highest Level Since 2016; Mortgage Delinquencies See Strong Recovery from June Spike

JACKSONVILLE, Fla., Aug. 22, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: 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 (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.