JACKSONVILLE, Fla., March 23, 2016 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at February 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): 4.45%
Month-over-month change: -12.57%
Year-over-year change: -15.93%
Total U.S. foreclosure pre-sale inventory rate: 1.30%
Month-over-month change: -0.64%
Year-over-year change: -24.59%
Total U.S. foreclosure starts: 84,300
Month-over-month change: 17.25%
Year-over-year change: 9.20%
Monthly Prepayment Rate (SMM): 0.89%
Month-over-month change: 10.23%
Year-over-year change: -22.12%
Foreclosure sales as % of 90+: 1.86%
Month-over-month change: -13.99%
Year-over-year change: 14.67%
Number of properties that are 30 or more days past due, but not in foreclosure: 2,252,000
Month-over-month change: -323,000
Year-over-year change: -419,000
Number of properties that are 90 or more days past due, but not in foreclosure: 772,000
Month-over-month change: -59,000
Year-over-year change: -247,000
Number of properties in foreclosure pre-sale inventory: 655,000
Month-over-month change: -4,000
Year-over-year change: -211,000
Number of properties that are 30 or more days past due or in foreclosure: 2,907,000
Month-over-month change: -327,000
Year-over-year change: -630,000
Top 5 States by Non-Current* Percentage
New Jersey: 9.72%
New York: 8.36%
Bottom 5 States by Non-Current* Percentage
South Dakota: 2.98%
North Dakota: 2.17%
Top 5 States by 90+ Days Delinquent Percentage
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
North Dakota: 2.63%
District of Columbia: -4.42%
*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, 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 at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20160323.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 April 4, 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.
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SOURCE Black Knight Financial Services, Inc.