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Black Knight: Delinquency Rate, Foreclosures Down
press release
   

The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at October 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): 4.35%
Month-over-month change: 1.84%
Year-over-year change: -8.87%

Total U.S. foreclosure pre-sale inventory rate: 0.99%
Month-over-month change: -0.95%
Year-over-year change: -30.24%

Total U.S. foreclosure starts: 56,500
Month-over-month change: -8.43%
Year-over-year change: -22.81%

Monthly Prepayment Rate (SMM): 1.49%
Month-over-month change: -3.01%
Year-over-year change: 37.34%

Foreclosure Sales as % of 90+: 1.70%
Month-over-month change: -16.27%
Year-over-year change: -16.32%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,202,000
Month-over-month change: 37,000
Year-over-year change: -214,000

Number of properties that are 90 or more days past due, but not in foreclosure: 677,000
Month-over-month change: 9,000
Year-over-year change: -143,000

Number of properties in foreclosure pre-sale inventory: 504,000
Month-over-month change: -5,000
Year-over-year change: -217,000

Number of properties that are 30 or more days past due or in foreclosure: 2,706,000
Month-over-month change: 32,000
Year-over-year change: -430,000

Top 5 States by Non-Current* Percentage

Mississippi:

11.23%

Louisiana:

10.18%

New Jersey:

8.15%

Alabama:

7.93%

New York:

7.85%



Bottom 5 States by Non-Current* Percentage

South Dakota:

2.97%

Montana:

2.86%

Minnesota:

2.74%

Colorado:

2.43%

North Dakota:

2.22%



Top 5 States by 90+ Days Delinquent Percentage

Mississippi:

3.43%

Louisiana:

3.05%

Alabama:

2.37%

Arkansas:

2.06%

Tennessee:

1.95%



Top 5 States by 6-Month Improvement in Non-Current* Percentage

Oregon:

-11.23%

Nevada:

-10.70%

Hawaii:

-10.69%

Washington:

-10.35%

New Jersey:

-9.75%



Top 5 States by 6-Month Deterioration in Non-Current* Percentage

Wyoming:

12.78%

Louisiana:

12.48%

Nebraska:

6.44%

Michigan:

5.11%

Oklahoma:

5.02%



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