Oct 24, 2019   SOURCE: PR NewsWire

Black Knight's First Look: Despite Slight Seasonal Uptick, Mortgage Delinquencies Fall 11% From Last Year; Prepays More Than Double as Refi Wave Continues

JACKSONVILLE, Fla., Oct. 24, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at September 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): 3.53%
Month-over-month change: 2.13%
Year-over-year change: -11.15%

Total U.S. foreclosure pre-sale inventory rate: 0.48%
Month-over-month change: -0.36%
Year-over-year change: -7.68%

Total U.S. foreclosure starts: 39,400
Month-over-month change: 8.84%
Year-over-year change: -1.50%

Monthly prepayment rate (SMM): 1.55%
Month-over-month change: 3.24%
Year-over-year change: 121.08%

Foreclosure sales as % of 90+: 1.56%
Month-over-month change: -13.80%
Year-over-year change: 2.00%

Number of properties that are 30 or more days past due, but not in foreclosure: 1,854,000
Month-over-month change: 41,000
Year-over-year change: -195,000

Number of properties that are 90 or more days past due, but not in foreclosure: 443,000
Month-over-month change: -1,000
Year-over-year change: -70,000

Number of properties in foreclosure pre-sale inventory: 252,000
Month-over-month change: -1,000
Year-over-year change: -16,000

Number of properties that are 30 or more days past due or in foreclosure: 2,106,000
Month-over-month change: 40,000
Year-over-year change: -211,000

Top 5 States by Non-Current* Percentage
Mississippi: 10.46%
Louisiana: 7.98%
Alabama: 6.88%
West Virginia: 6.37%
Arkansas: 6.20%

Bottom 5 States by Non-Current* Percentage
California: 2.10%
Idaho: 2.06%
Washington: 1.94%
Oregon: 1.94%
Colorado: 1.79%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi: 3.06%
Alabama: 1.90%
Louisiana: 1.88%
Arkansas: 1.71%
Tennessee: 1.25%

Top 5 States by 6-Month Improvement in Non-Current* Percentage
District of Columbia: -14.66%
Hawaii: -13.24%
California: -11.10%
Washington: -11.03%
Rhode Island: -10.76%

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Arkansas: 4.34%
Iowa: 4.03%
Nebraska: 3.55%
Oklahoma: 3.08%
Alaska: 3.05%

*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 Nov. 4, 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.