Overall, mortgage delinquencies are approaching pre-pandemic levels, but 1.45 million remain seriously overdue as the moratorium on foreclosures expired at the end of July


JACKSONVILLE, Florida, Aug.20, 2021 / PRNewswire / – Dark Knight, Inc. (NYSE: BKI) reports the following “first glimpse” of April 2021 end-of-month mortgage performance statistics derived from its database at the level of loans representing the majority of the national mortgage market.

Total loan default rate in the United States (loans past due 30 days or more, but not in foreclosure): 4.14% Month-to-month change: -5.22% Year-over-year change to the other: -40.06%

Total inventory rate before the foreclosure sale in the United States: 0.26% Month-to-month change: -3.99% Year-to-year change: -25.93%

Total number of seizures in the United States: 4,200 Month-to-month change: -4.55% Year-over-year change: -57.58%

Monthly Prepayment Rate (SMM): 2.04% Month-to-month variation: -10.68% Year-to-year variation: -25.37%

90+% foreclosure sales: 0.17% Month-to-month change: 40.66% Year-to-year change: 210.45%

Number of properties that are 30 days or more past due, but not foreclosed: 2,206,000 Month-to-month change: -114,000 Year-over-year change: -1,486,000

Number of properties that are 90 days or more past due, but not foreclosed: 1,447,000 Month-to-month change: -103,000 Year-over-year change: -803,000

Number of Properties in Pre-Sale Foreclosure Inventory: 140,000 Month-to-Month Variation: -5,000 Year-to-Year Variation: -50,000

Number of properties overdue for 30 days or more or in foreclosure: 2,346,000 Month-to-month variation: -120,000 Year-to-year variation: -1,535,000

Top 5 States by percentage of non-current *

Mississippi: 7.66% Louisiana: 6.93% Hawaii: 6.09% Oklahoma: 5.93% West Virginia: 5.83%

The last 5 states by percentage of non-current *

Montana: 2.79% Washington: 2.68% Utah: 2.66% Colorado: 2.57% Idaho: 2.20%

Top 5 States by Percentage of Offenders Over 90 Days

Mississippi: 4.57% Louisiana: 4.18% Hawaii: 3.83% Maryland: 3.81% Alaska: 3.80%

Top 5 States by 6-month improvement in the percentage of non-current *

Nevada: -33.24% Rhode Island: -33.14% Florida: -32.52% Arizona: -32.48% Hawaii: -32.17%

Top 5 States by deterioration over 6 months in non-current percentage *

District of Columbia: -18.74% Minnesota: -21.60% Nebraska: -21.94% Wisconsin: -22.86% Iowa: -22.95%

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

Notes: 1) Totals are extrapolated based on Black Knight Mortgage Database. 2) All whole numbers are rounded to the nearest thousand, with the exception of the beginnings of foreclosure, which are rounded to the nearest hundred.

For a more detailed view of this month’s “first look” data, please visit the page Dark Knight Press Room.

The company will provide a more in-depth look at this data in its monthly Mortgage Monitor report, which includes data analysis supplemented with detailed tables and charts that reflect trends and one-off observations. The Mortgage Monitor report will be available online at https://www.blackknightinc.com/data-reports/ before Wednesday September 8, 2021.

For more information on accessing Black Knight’s loan level database, please email [email protected]

About Black Knight

Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and services and real estate industries, as well as in capital markets and secondary. Businesses leverage our robust integrated solutions throughout the homeownership lifecycle to help retain existing customers, gain new customers, mitigate risk and operate more efficiently.

Our customers rely on our proven, comprehensive and scalable products and our unwavering commitment to providing superior customer support to achieve their strategic goals and better serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.

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SOURCE Black Knight, Inc.


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