Sep 23, 2019   SOURCE: PR NewsWire

Black Knight's First Look: Foreclosure Starts Hit 18-year Low in August; Mortgage Prepayments Continue to Rise in Lower Interest Rate Environment

JACKSONVILLE, Fla., Sept. 23, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at August 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): 3.45%
Month-over-month change: -0.15%
Year-over-year change: -1.49%

Total U.S. foreclosure pre-sale inventory rate: 0.48%
Month-over-month change: -2.42%
Year-over-year change: -11.46%

Total U.S. foreclosure starts: 36,200
Month-over-month change: -7.65%
Year-over-year change: -23.14%

Monthly prepayment rate (SMM): 1.50%
Month-over-month change: 5.45%
Year-over-year change: 61.77%

Foreclosure sales as % of 90+: 1.81%
Month-over-month change: 3.20%
Year-over-year change: -6.80%

Number of properties that are 30 or more days past due, but not in foreclosure: 1,813,000
Month-over-month change: 6,000
Year-over-year change: 4,000

Number of properties that are 90 or more days past due, but not in foreclosure: 444,000
Month-over-month change: 0
Year-over-year change: -62,000

Number of properties in foreclosure pre-sale inventory: 253,000
Month-over-month change: -5,000
Year-over-year change: -28,000

Number of properties that are 30 or more days past due or in foreclosure: 2,066,000
Month-over-month change: 1,000
Year-over-year change: -23,000

                        Top 5 States by Non-Current* Percentage



            Mississippi:                                             10.31%



            Louisiana:                                                7.71%



            Alabama:                                                  6.67%



            West Virginia:                                            6.33%



            Arkansas:                                                 6.08%



                  Bottom 5 States by Non-Current* Percentage



     California:                                            2.02%



     Idaho:                                                 2.00%



     Washington:                                            1.92%



     Oregon:                                                1.85%



     Colorado:                                              1.75%



                   Top 5 States by 90+ Days Delinquent Percentage



     Mississippi:                                                3.12%



     Alabama:                                                    1.89%



     Louisiana:                                                  1.86%



     Arkansas:                                                   1.73%



     Tennessee:                                                  1.26%



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



     California:                                                      -22.22%



     District of Columbia:                                            -20.73%



     Hawaii:                                                          -18.51%



     Oregon:                                                          -17.05%



     Washington:                                                      -16.63%



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



     Nebraska:                                                   2.13%



     Mississippi:                                                1.50%



     Iowa:                                                       0.29%



     West Virginia:                                             -1.39%



     Arkansas:                                                  -1.82%

*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 Oct. 7, 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.