Black Knight: Mortgage Delinquencies Hit Record Low in March, Driven by Both Seasonal and Economic Improvements
Industry Update
April 25, 2022
Source: CISION PR Newswire
Black Knight, Inc. reports the following “first look” at March 2022 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): 2.84%
Month-over-month change: -15.46%
Year-over-year change: -43.46%
Total U.S. foreclosure pre-sale inventory rate: 0.32%
Month-over-month change: 3.70%
Year-over-year change: 3.94%
Total U.S. foreclosure starts: 24,300
Month-over-month change: -2.80%
Year-over-year change: 386.00%
Monthly prepayment rate (SMM): 1.22%
Month-over-month change: 8.76%
Year-over-year change: -63.54%
Foreclosure sales as % of 90+: 0.42%
Month-over-month change: 39.01%
Year-over-year change: 172.90%
Number of properties that are 30 or more days past due, but not in foreclosure: 1,513,000
Month-over-month change: -270,000
Year-over-year change: -1,159,000
Number of properties that are 90 or more days past due, but not in foreclosure: 694,000
Month-over-month change: -93,000
Year-over-year change: -1,225,000
Number of properties in foreclosure pre-sale inventory: 169,000
Month-over-month change: 7,000
Year-over-year change: 7,000
Number of properties that are 30 or more days past due or in foreclosure: 1,682,000
Month-over-month change: -264,000
Year-over-year change: -1,152,000
For full report, please click the source link above.