Black Knight Financial Services' December "First Look" Mortgage Report: Foreclosure Inventory Down Nearly 30 Percent at Close of 2013

-- Delinquencies Up Slightly; Overall Trend for 2013 Still One of Improvement
-- Foreclosure, Seriously Delinquent Inventories Lowest Since 2008
-- Loans in Foreclosure Delinquent an Average of 920 Days
-- Foreclosure Starts Down 23 Percent for the Year

PR Newswire

JACKSONVILLE, Fla., Jan. 28, 2014 /PRNewswire/ -- The Data and Analytics division of Black Knight Financial Services (formerly the LPS Data & Analytics division) reports the following "first look" at December 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure):

6.47%

Month-over-month change in delinquency rate:

0.26%

Year-over-year change in delinquency rate:

-9.85%

Total U.S. foreclosure pre-sale inventory rate:

2.48%

Month-over-month change in foreclosure pre-sale inventory rate:

-0.74%

Year-over-year change in foreclosure pre-sale inventory rate:

-27.90%

Number of properties that are 30 or more days past due, but not in foreclosure:

3,243,000

Number of properties that are 90 or more days delinquent, but not in foreclosure:     

1,280,000

Number of properties in foreclosure pre-sale inventory:

1,244,000

Number of properties that are 30 or more days delinquent or in foreclosure:

4,488,000

States with highest percentage of non-current* loans:

MS, NJ, FL, NY, LA

States with the lowest percentage of non-current* loans:

MT, CO, AK, SD, ND

*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 Financial Services' loan-level database of mortgage assets.
  2. All whole numbers are rounded to the nearest thousand.

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 in-depth charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at http://www.lpsvcs.com/LPSCorporateInformation/CommunicationCenter/DataReports/Pages/Mortgage-Monitor.aspx by Feb. 3, 2014.

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

About Black Knight Financial Services

Black Knight Financial Services, a Fidelity National Financial (FNF) company, is the mortgage and finance industries' leading provider of integrated technology, services and data solutions. Comprising technology offerings from the union of LPS and ServiceLink, Black Knight Financial Services provides leading software systems; data and analytics; and information solutions that facilitate and automate many of the business processes across the loan life cycle.

Black Knight Financial Services helps clients in the mortgage industry and beyond achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.BKFS.com.

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