July 26 2016
JACKSONVILLE, Fla., July 26, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" atJune 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
Total U.S. foreclosure pre-sale inventory rate: 1.10%
Month-over-month change: -2.57%
Year-over-year change: -29.35%
Total U.S. foreclosure starts: 69,300
Month-over-month change: 11.59%
Year-over-year change: -11.27%
Monthly Prepayment Rate (SMM): 1.44%
Month-over-month change: 10.30%
Year-over-year change: 3.24%
Foreclosure Sales as % of 90+: 2.31%
Month-over-month change: 13.54%
Year-over-year change: 20.65%
Number of properties that are 30 or more days past due, but not in foreclosure: 2,178,000
Month-over-month change: 25,000
Year-over-year change: -237,000
Number of properties that are 90 or more days past due, but not in foreclosure: 692,000
Month-over-month change: -27,000
Year-over-year change: -161,000
Number of properties in foreclosure pre-sale inventory: 558,000
Month-over-month change: -16,000
Year-over-year change: -231,000
Number of properties that are 30 or more days past due or in foreclosure: 2,736,000
Month-over-month change: 9,000
Year-over-year change: -468,000
Bottom 5 States by Non-Current* Percentage
Top 5 States by 90+ Days Delinquent Percentage
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
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/20160726.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 Aug. 1, 2016.
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE: FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.