TMCnet News
Black Knight: Foreclosure Starts Reverse Course in September, Pulling Back Despite Moratoria Expiration; Delinquency Rate Falls Below 4% for First Time Since Start of PandemicJACKSONVILLE, Fla., Oct. 22, 2021 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at September 2021 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): 3.91% Total U.S. foreclosure pre-sale inventory rate: 0.26% Total U.S. foreclosure starts: 3,900 Monthly prepayment rate (SMM): 2.15% Foreclosure sales as % of 90+: 0.30% Number of properties that are 30 or more days past due, but not in foreclosure: 2,068,000 Number of properties that are 90 or more days past due, but not in foreclosure: 1,233,000 Number of properties in foreclosure pre-sale inventory: 135,000 Number of properties that are 30 or more days past due or in foreclosure: 2,203,000 Top 5 States by Non-Current* Percentage
Bottom 5 States by Non-Current* Percentage
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
*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. 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 Monday, Nov. 1, 2021. 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, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively. Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com. SOURCE: BLACK KNIGHT, INC.
SOURCE Black Knight, Inc. 
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
View original content to download multimedia: