Sign In

Black Knight Financial Services’ First Look at April 2017     Mortgage Data   

Calendar-Driven Spike in Delinquencies Results in Largest Monthly Rise in More Than Eight Years

May 24, 2017

  • First-lien mortgage delinquencies rose by 13 percent, the largest monthly increase since November 2008 
  • Month-over-month, the number of borrowers past due on mortgage payments increased by 241,000
  • April’s delinquency rate increase was primarily calendar-driven (due to both the month ending on a Sunday and March being the typical calendar-year low) and largely isolated to early-stage delinquencies
  • The inventory of loans in active foreclosure continues to decline, hitting a 10-year low in April
  • At just 52,800, April saw the fewest monthly foreclosure starts since January 2005 
  • Prepayment speeds (historically a good indicator of refinance activity) fell by 11 percent from March​

JACKSONVILLE, Fla. – May 24, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKFS) reports the following “first look” at April 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

 

BKFS Mortgage Monitor – “First Look” at April 2017 data – chart 1
 


BKFS Mortgage Monitor – “First Look” at April 2017 data – chart 2
 


BKFS Mortgage Monitor – “First Look” at April 2017 data – chart 3
 


BKFS Mortgage Monitor – “First Look” at April 2017 data – chart 4
 


BKFS Mortgage Monitor – “First Look” at April 2017 data – chart 5
 


BKFS Mortgage Monitor – “First Look” at April 2017 data – 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 hundred.

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 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/Mortg​age-Monitor.aspx by June 5, 2017.

Graphics shown in this release may be viewed and downloaded her​​e.​​

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 (NYSE: BKFS), a Fidelity National Financial (NYSE:FNF) company, is the mortgage and finance industries’ 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 the 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.

Media Contact: Michelle Kersch, 904.854.5043, Michelle.Kersch@BKFS.com
Media Contact: Mitch Cohen, 646.546.5103, Mitch@MPRG.com ​​​​​​​​​​​​​​​​​​​​​

Facebook Google+ LinkedIn Twitter YouTube