Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
- The national delinquency rate edged slightly downward in February, with hurricane-related delinquencies declining by a modest 5 percent for the month
- Serious delinquencies (90 or more days past due) attributed to Hurricanes Harvey and Irma fell just 3 percent
- 128,000 hurricane-driven seriously delinquent mortgages remain in Texas, Florida, and Georgia
- After hitting a 12-month high in January, foreclosure starts fell 25 percent month-over-month
- Active foreclosure inventory rebounded from January’s increase, reaching a new post-recession low
- Rising interest rates pushed prepayment activity to the lowest level since 2014
JACKSONVILLE, Fla., March 22, 2018 -- Black Knight, Inc. (NYSE:BKI) reports the following “first look” at February 2018 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): 4.30%
Month-over-month change: -0.21 %
Year-over-year change: 2.10%
Total U.S. foreclosure pre-sale inventory rate: 0.65%
Month-over-month change: -1.81%
Year-over-year change: -30.30%
Total U.S. foreclosure starts: 46,700
Month-over-month change: -25.04%
Year-over-year change: -19.34%
Monthly prepayment rate (SMM): 0.72%
Month-over-month change: -8.93%
Year-over-year change: -10.58%
Foreclosure sales as % of 90+: 1.40%
Month-over-month change: -19.68%
Year-over-year change: -24.97%
Number of properties that are 30 or more days past due, but not in foreclosure: 2,198,000
Month-over-month change: -4,000
Year-over-year change: 63,000
Number of properties that are 90 or more days past due, but not in foreclosure: 697,000
Month-over-month change: -10,000
Year-over-year change: 56,000
Number of properties in foreclosure pre-sale inventory: 331,000
Month-over-month change: -6,000
Year-over-year change: -139,000
Number of properties that are 30 or more days past due or in foreclosure: 2,528,000
Month-over-month change: -11,000
Year-over-year change: -77,000
Top 5 States by Non-Current* Percentage
| Mississippi: | 10.69% | ||
| Louisiana: | 9.11% | ||
| Florida: | 8.21% | ||
| Alabama: | 7.53% | ||
| West Virginia: | 6.96% | ||
Bottom 5 States by Non-Current* Percentage
| Idaho: | 2.61% | ||
| Oregon: | 2.54% | ||
| Washington: | 2.52% | ||
| North Dakota: | 2.51% | ||
| Colorado: | 2.10% | ||
Top 5 States by 90+ Days Delinquent Percentage
| Florida: | 3.84% | ||
| Mississippi: | 3.35% | ||
| Louisiana: | 2.60% | ||
| Texas: | 2.27% | ||
| Alabama: | 2.13% | ||
Top 5 States by 6-Month Improvement in Non-Current* Percentage
| Washington: | -7.85% | ||
| District of Columbia: | -6.76% | ||
| New Jersey: | -6.47% | ||
| New York: | -5.48% | ||
| New Mexico: | -3.95% | ||
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
| Florida: | 57.33% | ||
| Texas: | 12.74% | ||
| North Dakota: | 8.65% | ||
| Alaska: | 6.58% | ||
| Georgia: | 6.46% | ||
*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 at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20180322.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 April 2, 2018.
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 (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.
As a leading fintech, Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.blackknightinc.com.
SOURCE: BLACK KNIGHT, INC.
For more information:
Michelle Kersch Mitch Cohen
904.854.5043 704.890.8158
[email protected] [email protected]
