JACKSONVILLE, Fla., Feb. 22, 2016 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at January 2016 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): 5.09% Month-over-month change: 6.62% Year-over-year change: -7.10%
Total U.S. foreclosure pre-sale inventory rate: 1.30% Month-over-month change: -4.53% Year-over-year change: -25.69%
Total U.S. foreclosure starts: 71,900 Month-over-month change: -7.94% Year-over-year change: -22.94%
Monthly Prepayment Rate (SMM): 0.81% Month-over-month change: -28.67% Year-over-year change: -7.88%
Foreclosure Sales as % of 90+: 2.17% Month-over-month change: 15.61% Year-over-year change: 24.76%
Number of properties that are 30 or more days past due, but not in foreclosure: 2,575,000 Month-over-month change: 167,000 Year-over-year change: -189,000
Number of properties that are 90 or more days past due, but not in foreclosure: 831,000 Month-over-month change: 23,000 Year-over-year change: -229,000
Number of properties in foreclosure pre-sale inventory: 659,000 Month-over-month change: -30,000 Year-over-year change: -226,000
Number of properties that are 30 or more days past due or in foreclosure: 3,234,000 Month-over-month change: 137,000 Year-over-year change: -415,000
Top 5 States by Non-Current* Percentage
Mississippi: 13.00% Louisiana: 10.49% New Jersey: 10.38% Alabama: 9.25% West Virginia: 9.19%
Bottom 5 States by Non-Current* Percentage
South Dakota: 3.50% Minnesota: 3.29% Alaska: 3.24% Colorado: 3.03% North Dakota: 2.41%
Top 5 States by 90+ Days Delinquent Percentage
Mississippi: 4.11% Louisiana: 2.95% Alabama: 2.86% Maine: 2.55% Tennessee: 2.42%
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Oregon: -4.73% Washington -4.42% Nevada: -3.57% Florida: -3.51% Hawaii: -2.01%
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
North Dakota: 14.54% West Virginia: 11.71% Arizona: 9.74% Virginia: 9.57% California: 9.42%
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
1) Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets. 2) All whole numbers are rounded to the nearest thousand.
For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom at http://www.blackknightcompanies.com/CorporateInformation/NewsRoom/Pages/20160222.aspx
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 http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/Mortgage-Monitor.aspx by March 7, 2016.
For more information about gaining access to Black Knight's loan-level database, please send an email to firstname.lastname@example.org.
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE: FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.
SOURCE Black Knight Financial Services, Inc.