JACKSONVILLE, Fla., April 22, 2016 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at March 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): 4.08%
Month-over-month change: -8.37%
Year-over-year change: -12.42%
Total U.S. foreclosure pre-sale inventory rate: 1.25%
Month-over-month change: -3.69%
Year-over-year change: -25.59%
Total U.S. foreclosure starts: 72,800
Month-over-month change: -13.64%
Year-over-year change: -21.04%
Monthly Prepayment Rate (SMM): 1.30%
Month-over-month change: 46.03%
Year-over-year change: -16.90%
Foreclosure Sales as % of 90+: 2.18%
Month-over-month change: 17.30%
Year-over-year change: 12.67%
Number of properties that are 30 or more days past due, but not in foreclosure: 2,062,000
Month-over-month change: -190,000
Year-over-year change: -287,000
Number of properties that are 90 or more days past due, but not in foreclosure: 733,000
Month-over-month change: -39,000
Year-over-year change: -193,000
Number of properties in foreclosure pre-sale inventory: 631,000
Month-over-month change: -24,000
Year-over-year change: -215,000
Number of properties that are 30 or more days past due or in foreclosure: 2,693,000
Month-over-month change: -214,000
Year-over-year change: -502,000
Top 5 States by Non-Current* Percentage
New Jersey: 9.07%
New York 7.87%
Bottom 5 States by Non-Current* Percentage
South Dakota: 2.74%
North Dakota: 2.02%
Top 5 States by 90+ Days Delinquent Percentage
Rhode Island 2.16%
Top 5 States by 6-Month Improvement in Non-Current* Percentage
South Dakota: -20.16%
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
North Dakota: -7.95%
District of Columbia: -11.28%
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
- Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets.
- 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/20160422.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 May 2, 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.