Black Knight's First Look: Foreclosure Starts Hit Lowest Level on Record; Mortgage Delinquencies Edge Slightly Upward from January's Record Low

JACKSONVILLE, Fla., March 23, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at February 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): 3.28%
Month-over-month change: 1.95%
Year-over-year change: -15.60%

Total U.S. foreclosure pre-sale inventory rate: 0.45%
Month-over-month change: -2.54%
Year-over-year change: -11.23%

Total U.S. foreclosure starts: 32,300
Month-over-month change: -24.53%
Year-over-year change: -20.05%

Monthly prepayment rate (SMM): 1.35%
Month-over-month change: 7.78%
Year-over-year change: 106.59%

Foreclosure sales as % of 90+: 1.46%
Month-over-month change: -19.27%
Year-over-year change: -1.76%

Number of properties that are 30 or more days past due, but not in foreclosure: 1,737,000
Month-over-month change: 32,000
Year-over-year change: -282,000

Number of properties that are 90 or more days past due, but not in foreclosure: 409,000
Month-over-month change: -10,000
Year-over-year change: -93,000

Number of properties in foreclosure pre-sale inventory: 239,000
Month-over-month change: -7,000
Year-over-year change: -25,000

Number of properties that are 30 or more days past due or in foreclosure: 1,976,000
Month-over-month change: 25,000
Year-over-year change: -308,000

                 Top 5 States by Non-Current* Percentage



     Mississippi:                                                     9.72%



     Louisiana:                                                       7.20%



     Alabama:                                                         6.31%



     West Virginia:                                                   6.17%



     Arkansas:                                                        5.76%




                 Bottom 5 States by Non-Current* Percentage



     California:                                                      1.98%



     Oregon:                                                          1.88%



     Idaho:                                                           1.87%



     Colorado:                                                        1.72%



     Washington:                                                      1.70%




                 Top 5 States by 90+ Days Delinquent Percentage



     Mississippi:                                                     2.90%



     Alabama:                                                         1.68%



     Louisiana:                                                       1.68%



     Arkansas:                                                        1.53%



     West Virginia:                                                   1.17%




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



     Montana:                                                       -15.29%



     Maine:                                                         -14.22%



     Washington:                                                    -11.03%



     Tennessee:                                                      -9.81%



     Wisconsin:                                                      -9.32%




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



     North Dakota:                                                    2.73%



     Minnesota:                                                       2.15%



     Oregon:                                                          1.26%



     Alaska:                                                          0.75%



     Arizona:                                                         0.32%

*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 April 6, 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.

       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.