Black Knight: Total Number of Past Due Mortgages Improves in July While Serious Delinquencies Climb; Monthly Prepayment Activity Hits 16-Year High

JACKSONVILLE, Fla., Aug. 21, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at July 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): 6.91%
Month-over-month change: -8.91%
Year-over-year change: 99.96%

Total U.S. foreclosure pre-sale inventory rate: 0.36%
Month-over-month change: -1.80%
Year-over-year change: -28.04%

Total U.S. foreclosure starts: 9,900
Month-over-month change: 67.80%
Year-over-year change: -74.74%

Monthly prepayment rate (SMM): 2.73%
Month-over-month change: 2.80%
Year-over-year change: 91.10%

Foreclosure sales as % of 90+: 0.06%
Month-over-month change: 18.03%
Year-over-year change: -96.79%

Number of properties that are 30 or more days past due, but not in foreclosure: 3,692,000
Month-over-month change: -342,000
Year-over-year change: 1,885,000

Number of properties that are 90 or more days past due, but not in foreclosure: 2,250,000
Month-over-month change: 376,000
Year-over-year change: 1,806,000

Number of properties in foreclosure pre-sale inventory: 190,000
Month-over-month change: -2,000
Year-over-year change: -68,000

Number of properties that are 30 or more days past due or in foreclosure: 3,881,000
Month-over-month change: -345,000
Year-over-year change: 1,816,000

Top 5 States by Non-Current* Percentage

Mississippi: 11.77%
Louisiana: 10.77%
New York: 9.66%
Hawaii: 9.60%
New Jersey: 9.33%

Bottom 5 States by Non-Current* Percentage

Colorado: 4.75%
Oregon: 4.66%
Montana: 4.51%
Washington: 4.36%
Idaho: 3.82%

Top 5 States by 90+ Days Delinquent Percentage

Mississippi: 6.59%
Louisiana: 6.00%
Nevada: 5.92%
New Jersey: 5.90%
Alaska: 5.90%

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

Mississippi: 19.52%
Arkansas: 30.78%
West Virginia: 32.91%
Alabama: 35.45%
Iowa: 38.26%

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

Nevada: 214.67%
Alaska: 201.07%
California: 196.16%
Colorado: 190.79%
Hawaii: 177.37%

*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 Sep. 8, 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.