Black Knight's First Look: Mortgage Delinquencies Fall to Lowest Level on Record, January Sees Strongest Decline in More Than a Year

JACKSONVILLE, Fla., Feb. 20, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at January 2020 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): 3.22%
Month-over-month change: -5.37%
Year-over-year change: -14.17%

Total U.S. foreclosure pre-sale inventory rate: 0.46%
Month-over-month change: 0.41%
Year-over-year change: -9.24%

Total U.S. foreclosure starts: 42,800
Month-over-month change: 8.35%
Year-over-year change: -14.74%

Monthly prepayment rate (SMM): 1.26%
Month-over-month change: -15.33%
Year-over-year change: 112.97%

Foreclosure sales as % of 90+: 1.80%
Month-over-month change: 21.57%
Year-over-year change: -6.73%

Number of properties that are 30 or more days past due, but not in foreclosure: 1,705,000
Month-over-month change: -98,000
Year-over-year change: -240,000

Number of properties that are 90 or more days past due, but not in foreclosure: 419,000
Month-over-month change: -8,000
Year-over-year change: -85,000

Number of properties in foreclosure pre-sale inventory: 246,000
Month-over-month change: 1,000
Year-over-year change: -19,000

Number of properties that are 30 or more days past due or in foreclosure: 1,951,000
Month-over-month change: -96,000
Year-over-year change: -259,000

                        Top 5 States by Non-Current* Percentage



            Mississippi:                                            9.84%



            Louisiana:                                              7.20%



            Alabama:                                                6.26%



            West Virginia:                                          6.10%



            Arkansas:                                               5.79%

                  Bottom 5 States by Non-Current* Percentage



     California:                                            1.90%



     Idaho:                                                 1.79%



     Oregon:                                                1.77%



     Washington:                                            1.67%



     Colorado:                                              1.63%

                   Top 5 States by 90+ Days Delinquent Percentage



     Mississippi:                                                3.00%



     Louisiana:                                                  1.74%



     Alabama:                                                    1.73%



     Arkansas:                                                   1.61%



     Indiana:                                                    1.20%

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



     Montana:                                                        -16.38%



     Washington:                                                     -15.42%



     Idaho:                                                          -14.58%



     Maine:                                                          -14.54%



     Wyoming:                                                        -13.42%

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



     Minnesota:                                                2.69%



     Illinois:                                                -0.67%



     Nebraska:                                                -0.99%



     Iowa:                                                    -1.62%



     Oklahoma:                                                -1.87%

*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.


                                      All whole numbers are rounded
                                        to the nearest thousand,
                                        except foreclosure starts,
                                        which are rounded to the

              2)                       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 March 2, 2020.

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.

       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.