Black Knight's First Look: Mortgage Delinquencies Decline Another 7% in April; At Current Rate of Improvement, Delinquencies to Return to Pre-Pandemic Levels By Year's End
Black Knight, Inc. (NYSE: BKI) reported significant improvements in mortgage performance for April 2021. The U.S. loan delinquency rate decreased to 4.66%, a 7.11% drop month-over-month and 27.68% year-over-year. Foreclosure pre-sale inventory also fell to 0.29%, down 6.29% month-over-month and 28.67% year-over-year. Foreclosure starts were reported at 3,700, decreasing by 26% month-over-month and 50% year-over-year. Notably, the number of properties 30+ days past due dropped to 2.5 million, reflecting a positive trend towards pre-pandemic levels.
- Loan delinquency rate decreased to 4.66%, down 7.11% month-over-month and 27.68% year-over-year.
- Foreclosure pre-sale inventory rate fell to 0.29%, marking a 6.29% month-over-month and 28.67% year-over-year decrease.
- Foreclosure starts dropped to 3,700, a 26% decline month-over-month and a 50% drop year-over-year.
- Total properties 30+ days past due reduced to 2.5 million, reflecting a positive improvement in mortgage health.
- None.
JACKSONVILLE, Fla., May 20, 2021 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) reports the following "first look" at April 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):
Year-over-year change: -
Total U.S. foreclosure pre-sale inventory rate:
Month-over-month change: -
Year-over-year change: -
Total U.S. foreclosure starts: 3,700
Month-over-month change: -
Year-over-year change: -
Monthly prepayment rate (SMM):
Month-over-month change: -
Year-over-year change:
Foreclosure sales as % of 90+:
Month-over-month change: -
Year-over-year change:
Number of properties that are 30 or more days past due, but not in foreclosure: 2,500,000
Month-over-month change: -172,000
Year-over-year change: -900,000
Number of properties that are 90 or more days past due, but not in foreclosure: 1,768,000
Month-over-month change: -151,000
Year-over-year change: 1,306,000
Number of properties in foreclosure pre-sale inventory: 153,000
Month-over-month change: -9,000
Year-over-year change: -58,000
Number of properties that are 30 or more days past due or in foreclosure: 2,653,000
Month-over-month change: -181,000
Year-over-year change: -959,000
Top 5 States by Non-Current* Percentage
Mississippi:
Louisiana:
Hawaii:
Oklahoma:
Maryland:
Bottom 5 States by Non-Current* Percentage
Montana:
Washington:
Utah:
Colorado:
Idaho:
Top 5 States by 90+ Days Delinquent Percentage
Mississippi:
Louisiana:
Nevada:
Hawaii:
Maryland:
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Utah: -
Maine: -
Rhode Island: -
South Dakota: -
Colorado: -
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
District of Columbia: -
Oklahoma: -
Minnesota: -
Maryland: -
Nebraska: -
*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 June. 7, 2021.
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.
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Michelle Kersch | Mitch Cohen |
904.854.5043 | 704.890.8158 |
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SOURCE Black Knight, Inc.
FAQ
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