November 2016 Mortgage Data

November 2016 Mortgage Data

November 2016 Mortgage Data


— Delinquency rate up by 2.5 percent, a relatively mild seasonal increase by historical standards

— Annual improvement in mortgage delinquency rates is beginning to slow as market “normalizes”

— Number of loans in active foreclosure drops below 500K for the first time in nearly 10 years

— Pre-payment activity remains strong, for now, as pre-interest-rate-rise applications continue to close

The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following “first look” at November 2016 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): 4.46%
Month-over-month change: 2.55%
Year-over-year change: – 9.43%

Total U.S. foreclosure pre-sale inventory rate: 0.98%
Month-over-month change: -1.35%
Year-over-year change: – 28.88%

Total U.S. foreclosure starts: 60,400
Month-over-month change: 6.90%
Year-over-year change: – 9.31%

Monthly Prepayment Rate (SMM): 1.43%
Month-over-month change: – 4.20%
Year-over-year change: 56.07%

Foreclosure Sales as % of 90+: 1.82%
Month-over-month change: 6.95%
Year-over-year change: 2.70%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,263,000
Month-over-month change: 61,000
Year-over-year change: -228,000

Number of properties that are 90 or more days past due, but not in foreclosure: 682,000
Month-over-month change: 5,000
Year-over-year change: -145,000

Number of properties in foreclosure pre-sale inventory: 498,000
Month-over-month change: -6,000
Year-over-year change: -200,000

Number of properties that are 30 or more days past due or in foreclosure: 2,761,000
Month-over-month change: 55,000
Year-over-year change: -428,000

Top 5 States by Non-Current* Percentage
Mississippi:      11.56%
Louisiana:        10.09%
New Jersey:     8.20%
Alabama:         8.06%
West Virginia:  7.94%

Bottom 5 States by Non-Current* Percentage
Idaho:              3.13%
Montana:         2.92%
Minnesota:       2.87%
Colorado:         2.51%
North Dakota: 2.35%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi:      3.45%
Louisiana:        3.23%
Alabama:         2.41%
Arkansas:         2.11%
Tennessee:       1.96%

Top 5 States by 6-Month Improvement in Non-Current* Percentage
Oregon:            -9.11%
Washington:     -7.57%
New Jersey:     -7.41%
Nevada:           -7.18%
Hawaii:            -6.69%

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Louisiana:        10.59%
Wyoming:        10.08%
South Dakota:  8.34%
Nebraska:        7.89%
Iowa:               7.45%

*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 Financial Services’ 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/20161222.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 Jan. 9, 2017.

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

About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS) 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.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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