Black Knight’s First Look: 2020 Ends With 1.7 Million More Seriously Delinquent Homeowners Than at Start of Year; Foreclosures at Record Low

Black Knight, Inc. (NYSE: BKI) reports the following “first look” at December 2020 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 6.08%
Month-over-month change: -3.90%
Year-over-year change: 78.93%

Total U.S. foreclosure pre-sale inventory rate: 0.33%
Month-over-month change: 1.30%
Year-over-year change: -27.77%

Total U.S. foreclosure starts: 7,100
Month-over-month change: 61.36%
Year-over-year change: -82.03%

Monthly prepayment rate (SMM): 3.15%
Month-over-month change: 11.73%
Year-over-year change: 112.17%

Foreclosure sales as % of 90+: 0.07%
Month-over-month change: 5.18%
Year-over-year change: -95.33%

Number of properties that are 30 or more days past due, but not in foreclosure: 3,251,000
Month-over-month change: -130,000
Year-over-year change: 1,448,000

Number of properties that are 90 or more days past due, but not in foreclosure: 2,146,000
Month-over-month change: -47,000
Year-over-year change: 1,719,000

Number of properties in foreclosure pre-sale inventory: 178,000
Month-over-month change: 2,000
Year-over-year change: -67,000

Number of properties that are 30 or more days past due or in foreclosure: 3,429,000
Month-over-month change: -128,000
Year-over-year change: 1,382,000

For a more detailed view of this month’s “first look” data, please visit the Black Knight newsroom.

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 https://www.blackknightinc.com/data-reports/ by Feb. 1, 2021.

For more information about gaining access to Black Knight’s loan-level database, please send an email to Mortgage.Monitor@bkfs.com.

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