Apr 23, 2020   SOURCE: PR NewsWire

Black Knight's First Look: Mortgage Delinquencies See First-Ever March Increase from Early COVID-19 Impact; Foreclosures, Serious Delinquencies Hit Record Lows

JACKSONVILLE, Fla., April 23, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at March 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): 3.39%
Month-over-month change: 3.33%
Year-over-year change: -7.25%

Total U.S. foreclosure pre-sale inventory rate: 0.42%
Month-over-month change: -7.73%
Year-over-year change: -17.96%

Total U.S. foreclosure starts: 27,600
Month-over-month change: -14.55%
Year-over-year change: -30.48%

Monthly prepayment rate (SMM): 1.89%
Month-over-month change: 39.68%
Year-over-year change: 125.24%

Foreclosure sales as % of 90+: 1.06%
Month-over-month change: -27.28%
Year-over-year change: -35.97%

Number of properties that are 30 or more days past due, but not in foreclosure: 1,792,000
Month-over-month change: 55,000
Year-over-year change: -111,000

Number of properties that are 90 or more days past due, but not in foreclosure: 406,000
Month-over-month change: -3,000
Year-over-year change: -87,000

Number of properties in foreclosure pre-sale inventory: 220,000
Month-over-month change: -19,000
Year-over-year change: -44,000

Number of properties that are 30 or more days past due or in foreclosure: 2,013,000
Month-over-month change: 37,000
Year-over-year change: -155,000

Top 5 States by Non-Current* Percentage
Mississippi: 9.08%
Louisiana: 7.54%
Alabama: 6.20%
West Virginia: 5.90%
Arkansas: 5.34%

Bottom 5 States by Non-Current* Percentage
California: 2.16%
Oregon: 1.95%
Idaho: 1.88%
Washington: 1.81%
Colorado: 1.79%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi: 2.53%
Louisiana: 1.66%
Alabama: 1.60%
Arkansas: 1.44%
Indiana: 1.12%

Top 5 States by 6-Month Improvement in Non-Current* Percentage
Arkansas: -13.80%
Mississippi: -13.17%
Maine: -12.29%
Indiana: -10.94%
Michigan: -10.12%

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
North Dakota: 7.08%
Nevada: 3.76%
Alaska: 3.63%
California: 2.98%
Oregon: 0.38%

*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 May 4, 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.