Black Knight: Delinquencies Improved Again in November 2020, But Nearly 2.2 Million Seriously Past-Due Mortgages Remain

Rhea-AI Summary

Black Knight, Inc. (NYSE:BKI) released November 2020 mortgage performance statistics showing a total U.S. loan delinquency rate of 6.33%, down 1.76% from the previous month, yet up 79.20% year-over-year. The foreclosure pre-sale inventory rate is 0.33%, a 1.63% decrease month-over-month and 29.82% decrease from last year. Foreclosure starts fell to 4,400, a significant 86.87% drop compared to last year. The prepayment rate also declined to 2.82% month-over-month despite a large 92.60% increase year-over-year.

Positive

• Decrease in loan delinquency rate to 6.33%, down 1.76% month-over-month.
• Foreclosure pre-sale inventory rate decreased by 1.63% month-over-month.
• Foreclosure starts fell to 4,400, down 6.38% month-over-month.

Negative

• Loan delinquency rate increased by 79.20% year-over-year.
• Year-over-year foreclosure pre-sale inventory down 29.82%.
• Foreclosure starts down 86.87% year-over-year.

JACKSONVILLE, Fla., Dec. 21, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at November 2020 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): 6.33%
Month-over-month change: -1.76%
Year-over-year change: 79.20%

Total U.S. foreclosure pre-sale inventory rate: 0.33%
Month-over-month change: -1.63%
Year-over-year change: -29.82%

Total U.S. foreclosure starts: 4,400
Month-over-month change: -6.38%
Year-over-year change: -86.87%

Monthly prepayment rate (SMM): 2.82%
Month-over-month change: -11.07%
Year-over-year change: 92.60%

Foreclosure sales as % of 90+: 0.07%
Month-over-month change: -3.49%
Year-over-year change: -95.76%

Number of properties that are 30 or more days past due, but not in foreclosure: 3,381,000
Month-over-month change: -56,000
Year-over-year change: 1,513,000

Number of properties that are 90 or more days past due, but not in foreclosure: 2,193,000
Month-over-month change: -66,000
Year-over-year change: 1,754,000

Number of properties in foreclosure pre-sale inventory: 176,000
Month-over-month change: -2,000
Year-over-year change: -72,000

Number of properties that are 30 or more days past due or in foreclosure: 3,557,000
Month-over-month change: -59,000
Year-over-year change: 1,441,000

Top 5 States by Non-Current* Percentage
Mississippi:	11.11%
Louisiana:	10.74%
Hawaii:	9.45%
New York:	8.49%
Oklahoma:	8.36%

 

Bottom 5 States by Non-Current* Percentage
Montana:	4.35%
Oregon:	4.33%
Colorado:	4.19%
Washington:	4.06%
Idaho:	3.45%

 

Top 5 States by 90+ Days Delinquent Percentage
Mississippi:	6.58%
Louisiana:	6.51%
Hawaii:	5.80%
Nevada:	5.77%
Alaska:	5.61%

 

Top 5 States by 6-Month Improvement in Non-Current* Percentage
New Jersey:	-27.80%
California:	-27.75%
New York:	-24.74%
Colorado:	-24.34%
Alaska:	-23.47%

 

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Nebraska:	1.30%
Oklahoma:	0.35%
Arkansas:	0.25%
Iowa:	0.12%
West Virginia:	-0.81%

*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.

For more information about gaining access to Black Knight's loan-level database, please send an email to Mortgage.Monitor@bkfs.com.

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.

For more information:
Michelle Kersch	Mitch Cohen
904.854.5043	704.890.8158
michelle.kersch@bkfs.com	mitch.cohen@bkfs.com

 

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SOURCE Black Knight, Inc.

FAQ

What is the loan delinquency rate for Black Knight (BKI) in November 2020?

The loan delinquency rate for November 2020 is 6.33%, which is a decrease of 1.76% from the previous month.

How have foreclosure starts changed for Black Knight (BKI) in November 2020?

Foreclosure starts for November 2020 were 4,400, reflecting a decrease of 6.38% month-over-month and an 86.87% drop year-over-year.

What was the prepayment rate reported by Black Knight (BKI) for November 2020?

The monthly prepayment rate reported by Black Knight for November 2020 is 2.82%, down 11.07% month-over-month.

What does Black Knight (BKI) report about foreclosure inventory in November 2020?

The total U.S. foreclosure pre-sale inventory rate is 0.33% for November 2020, down 1.63% from the previous month.