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Black Knight’s First Look at June 2018 Mortgage Data

June Sees Fewest Foreclosure Starts in Over 17 Years; Active Foreclosure Inventory Falls Below 300,000 for First Time Since Q3 2006

Black Knight’s First Look at June 2018 Mortgage Data
  • Foreclosure starts fell another 3.1 percent in June for the lowest single-month total in more than 17 years
  • Active foreclosures continued to decline as well, falling below 300,000 for the first time in nearly 12 years
  • The inventory of loans in active foreclosure has fallen 30 percent (-119k) over the past 12 months
  • Delinquencies edged seasonally upward in June, but remain 1.59 percent below last year’s levels
  • After rising following the 2017 hurricane season, 90-day delinquencies hit a new post-recession low
  • Prepayment activity was up again in June, as home sales reached their typical early-summer peak

JACKSONVILLE, Fla. – July 24, 2018 – Black Knight, Inc. (NYSE:BKI) reports the following “first look” at June 2018 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

 

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*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:

  • Totals are extrapolated based on Black Knight’s loan-level database of mortgage assets.
  • 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  https://www.blackknightinc.com/data-reports/ by August 6, 2018.

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

 

About Black Knight

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. For more

 

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