Black Knight’s First Look: Hurricane Impact Lingers, Drives Up Foreclosure Starts as Moratoria Lift; National Delinquencies...

Black Knight, Inc. (NYSE:BKI) reports the following “first look” at March 2018 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):​ 3.73%Month-over-month change: -13.24%Year-over-year change: 3.09%

Total U.S. foreclosure pre-sale inventory rate: 0.63%Month-over-month change: -3.21%Year-over-year change: -29.29%

Total U.S. foreclosure starts: 52,100Month-over-month change: 11.56%Year-over-year change: -13.60%

Monthly prepayment rate (SMM): 0.88%Month-over-month change: 22.04%Year-over-year change: -9.08%

Foreclosure sales as % of 90+: 1.70%Month-over-month change: 21.25%Year-over-year change: -25.79%

Number of properties that are 30 or more days past due, but not in foreclosure: ​1,912,000Month-over-month change: -286,000Year-over-year change: 81,000

Number of properties that are 90 or more days past due, but not in foreclosure: ​632,000Month-over-month change: -65,000Year-over-year change: 43,000

Number of properties in foreclosure pre-sale inventory: ​321,000Month-over-month change: -10,000Year-over-year change: -127,000

Number of properties that are 30 or more days past due or in foreclosure: 2,232,000Month-over-month change: -296,000Year-over-year change: -47,000

Top 5 States by Non-Current* Percentage
Mississippi:			9.45%
Louisiana:			7.76%
Florida:			7.15%
Alabama:			6.66%
West Virginia:			6.06%
Bottom 5 States by Non-Current* Percentage
North Dakota:			2.26%
Minnesota:			2.26%
Washington:			2.20%
Oregon:			2.19%
Colorado:			1.82%
Top 5 States by 90+ Days Delinquent Percentage
Florida:			3.34%
Mississippi:			3.03%
Louisiana:			2.23%
Texas:			1.99%
Alabama:			1.97%
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Texas:			-22.37%
Utah:			-20.15%
Washington:			-20.10%
Louisiana:			-18.09%
District of Columbia:			-17.83%
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Florida:			-6.71%
North Dakota:			-8.10%
Alaska:			-9.78%
Maine:			-10.01%
Vermont:			-10.68%

*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 here. 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 here by May 7, 2018.

For more information about gaining access to Black Knight’s loan-level database, please send an email to [e-mail].

About Black KnightBlack 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.

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