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
New York: 9.66%
New Jersey: 9.33%
Bottom 5 States by Non-Current* Percentage
Top 5 States by 90+ Days Delinquent Percentage
New Jersey: 5.90%
Top 5 States by 6-Month Improvement in Non-Current* Percentage
West Virginia: 32.91%
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
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 [email protected].
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.
SOURCE Black Knight, Inc.