Sign In

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

Active Foreclosure Inventory Falls Below 400,000 For First Time in 10 Years

August 24, 2017

  • Foreclosure inventory fell by 12,000 in July, bringing the total below 400,000 for the first time since February 2007
  • Active foreclosure inventory has declined by 28 percent (more than 150,000) over the past 12 months
  • July’s 53,300 foreclosure starts mark the second lowest (next to April 2017) monthly volume since the start of 2005
  • New York has the most active foreclosures (58,000) and highest foreclosure rate (2.4 percent) of any state
  • Early-stage mortgage delinquencies experienced a slight seasonal uptick in July
  • Following monthly gains in May and June, prepayment activity fell by nearly 10 percent in July

JACKSONVILLE, Fla. – August 24, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKFS) reports the following “first look” at July 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 July 2017 data – chart 1

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

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


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


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


BKFS Mortgage Monitor – “First Look” at July 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 September 11, 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, 646.926.7741, Mitch@MPRG.com ​​​​​​​​​​​​​​​​​​​​​​​​​​

Facebook Google+ LinkedIn Twitter YouTube