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Black Knight Financial Services’ “First Look” at May 2014 Mortgage Data

Foreclosure Inventory Lowest Since July 2008

June 24, 2014

  • Foreclosure inventory rate falls below two percent for first time since summer of 2008
  • Share of loans in foreclosure down over 37 percent year-over-year
  • Foreclosure starts rise nearly 10 percent from April
  • Delinquency rate remains essentially unchanged on month-over-month basis

JACKSONVILLE, Fla. – June 24, 2014 – The Data & Analytics division of Black Knight Financial Services​ (formerly the LPS Data & Analytics division) reports the following “first look” at May 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately two-thirds of the overall market.

BKFS Mortgage Monitor May 2014 “First Look” Chart 1 

BKFS Mortgage Monitor May 2014 “First Look” Chart 2 

BKFS Mortgage Monitor May 2014 “First Look” Chart 3 
 
BKFS Mortgage Monitor May 2014 “First Look” Chart 4 
 
BKFS Mortgage Monitor May 2014 “First Look” Chart 5 
 
BKFS Mortgage Monitor May 2014 “First Look” Chart 6 
 
*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 100.

For a more detailed view of this month’s “First Look” data, please visit the Black Knight News Room.

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 in-depth 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 July 2, 2014.

To view and download the graphics within this release, click here.

For more information about gaining access to Black Knight’s loan-level database, please e-mail DataAnalyticsInfo@BKFS.com​.

About Black Knight Financial Services, LLC

Black Knight Financial Services, a Fidelity National Financial (NYSE:FNF) company, is the mortgage and finance industries’ leading provider of integrated technology, data and analytics solutions. Comprised of technology offerings from the union of LPS and ServiceLink, Black Knight Financial Services offers leading software systems; data and analytics offerings; and information solutions that facilitate and automate many of the business processes across the mortgage life cycle.

Black Knight Financial Services helps clients in the mortgage industry and beyond 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.

Media Contact: Michelle Kersch, 904.854.5043, Michelle.Kersch@BKFS.com
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