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Black Knight's First Look at January 2018 Mortgage Data   

Mortgage Delinquencies Decline Sharply in January; Hurricanes’ Lingering Impact on Performance Continues

February 23, 2018
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  • Calendar-driven effects and fewer hurricane-related delinquencies resulted in a 210,000-loan decline in the number of past-due mortgages
  • Despite an 8.6 percent monthly decline, delinquencies remain 1.3 percent above last year’s levels
  • 146,000 loans remain delinquent as a result of Hurricanes Harvey and Irma, 132,000 of which are seriously delinquent (90 or more days past due)
  • An early look at January data on the mortgage market in Puerto Rico shows an additional 57,000 loans still delinquent as a result of Hurricane Maria, with 49,000 seriously delinquent 
  • Active foreclosures predating the hurricanes, but put on hold after the storms, have begun to revert back to that status as post-hurricane foreclosure moratoria become set to expire
  • As a result, foreclosure starts rose sharply in January, hitting a 12-month high at 62,300 for the month
  • The population of loans in active foreclosure rose 6,000 month-over-month, marking only the second monthly rise in more than five years​

Jacksonville, Fla. – Feb. 23, 2018 – Black Knight, Inc. (NYSE:BKI) reports the following “first look” at January 2018 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 January 2018 data – chart 1

 

BKFS Mortgage Monitor – “First Look” at January 2018 data – chart 2

 

BKFS Mortgage Monitor – “First Look” at January 2018 data – chart 3 


BKFS Mortgage Monitor – “First Look” at January 2018 data – chart 4
 


BKFS Mortgage Monitor – “First Look” at January 2018 data – chart 5
 


BKFS Mortgage Monitor – “First Look” at January 2018 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 March 5, 2018.

Graphics shown in this release may be viewed and downloaded he​r​​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. 

As a leading fintech, 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, 704.890.8158 , Mitch.Cohen@BKFS.com ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

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