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Black Knight's First Look at November 2017 Mortgage Data   

Continued Hurricane-Driven Effects Lead to Largest 90-Day Delinquency Increase in Nine Years

December 21, 2017

  • 90-day delinquent mortgage inventory spiked 13 percent in November, the largest monthly increase since 2008 as the financial crisis began to unfold
  • While 90-day delinquency increases are common in November, the volumes seen this year are noteworthy
  • Over 85 percent – approximately 66,000 – of the month’s 77,000 new severely delinquent loans can be attributed to hurricanes Harvey and Irma
  • As a result, the current estimate of 90-day delinquencies resulting from Harvey and Irma totals over 85,000
  • Inflow of new hurricane-driven delinquencies has slowed, with Irma-related delinquencies up 8,200 month-over-month, while Harvey-related delinquencies declined by 8,400
  • ​The 2.5 percent increase in the overall national delinquency rate is attributable to typical seasonality; November increases have been observed in nine of the past 10 years and 16 of the past 18​

Jacksonville, Fla. – Dec. 21, 2017 – The Data and Analytics division of Black Knight, Inc. (NYSE:BKI) reports the following “first look” at November 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of th​​e national mortgage market.​
 

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

 

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

 

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


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


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


BKFS Mortgage Monitor – “First Look” at november 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 January 8, 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, Inc.

Black Knight (NYSE:BKI) 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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