BROOKFIELD OFFICE PROPERTIES INC. - -The national delinquency rate edged up seasonally in September to 3.53%, but fell 11.2% from one year prior for the largest year-over-year decline in eight months
- -Both serious delinquencies and active foreclosure inventory fell in the month as well, with the latter falling to its lowest level since late 200
- -Western states - Colorado, Oregon, Washington, Idaho, and California - continue to hold the nation's lowest non-current rates (all delinquencies plus active foreclosures)
- -Prepayment activity (SMM) rose by 3% from August despite facing headwinds from the typical seasonal decline in home sale-related prepayments
- -Prepays are now up 121% from the same time last year as falling rates continue to spur refinance activity
JACKSONVILLE, Fla. - Oct. 24, 2019 -- Black Knight, Inc. (NYSE:BKI) reports the following 'first look' at September 2019 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): 3.53%
Month-over-month change: 2.13%
Year-over-year change: -11.15%
Total U.S. foreclosure pre-sale inventory rate: 0.48%
Month-over-month change: -0.36%
Year-over-year change: -7.68%
Total U.S. foreclosure starts: 39,400
Month-over-month change: 8.84%
Year-over-year change: -1.50%
Monthly prepayment rate (SMM): 1.55%
Month-over-month change: 3.24%
Year-over-year change: 121.08%
Foreclosure sales as % of 90+: 1.56%
Month-over-month change: -13.80%
Year-over-year change: 2.00%
Number of properties that are 30 or more days past due, but not in foreclosure: 1,854,000
Month-over-month change: 41,000
Year-over-year change: -195,000
Number of properties that are 90 or more days past due, but not in foreclosure: 443,000
Month-over-month change: -1,000
Year-over-year change: -70,000
Number of properties in foreclosure pre-sale inventory: 252,000
Month-over-month change: -1,000
Year-over-year change: -16,000
Number of properties that are 30 or more days past due or in foreclosure: 2,106,000
Month-over-month change: 40,000
Year-over-year change: -211,000
| Mississippi: | 10.46% |
| Louisiana: | 7.98% |
| Alabama: | 6.88% |
| West Virginia | 6.37% |
| Arkansas: | 6.20% |
| California | 2.10% |
| Idaho: | 2.06% |
| Washington: | 1.94% |
| Oregon: | 1.94% |
| Colorado: | 1.79% |
| Mississippi: | 3.06% |
| Alabama: | 1.90% |
| Louisiana: | 1.88% |
| Arkansas: | 1.71% |
| Tennessee: | 1.25% |
| District of Columbia: | -14.66% |
| Hawaii: | -13.24% |
| California: | -11.10% |
| Washington: | -11.03% |
| Rhode Island: | -10.76% |
| Arkansas: | 4.34% |
| Iowa: | 4.03% |
| Nebraska: | 3.55%% |
| Oklahoma: | 3.08% |
| Alaska: | 3.05% |
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
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/datareports/ by Nov. 4, 2019. 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 (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
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Black Knight Inc. published this content on 24 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2019 16:31:36 UTC
