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Black Knight's First Look at September 2017 Mortgage Data   

Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages

October 19, 2017

  • Nationally, the number of non-current mortgages (those at least 30 days past-due or in active foreclosure) jumped by 214,000 (+9 percent), driven primarily by fallout from Hurricanes Harvey and Irma
  • FEMA-declared hurricane disaster areas accounted for the bulk of the increases; non-current inventory rose by 84,000 (+48 percent) in Irma disaster areas and 52,000 (+67 percent) in those related to Harvey
  • Prior to the hurricanes, Texas and Florida ranked 20th and 22nd among states by non-current mortgage rates; after the storms, they now rank 3rd and 5th respectively
  • Primarily as a result of hurricane impact, September saw the first annual rise in mortgage delinquencies (borrowers at least 30 days past-due but not yet in active foreclosure) since July 2010
  • Monthly foreclosure starts were at their lowest in more than 17 years, with starts down as much as 90 percent in areas covered by post-hurricane foreclosure action moratoria

JACKSONVILLE, Fla. – October 19, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKI) reports the following “first look” at September 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 August 2017 data – chart 1

 

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

 

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


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


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


BKFS Mortgage Monitor – “First Look” at August 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’s 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 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/Mortg​age-Monitor.aspx by November 6, 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 is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.

Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights 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 ​​​​​​​​​​​​​​​​​​​​​​​​​​​

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