Delinquencies on mortgages fell another 7% in April; At the current rate of improvement, late payments will return to pre-pandemic levels by the end of the year

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JACKSONVILLE, Florida., May 20, 2021 / PRNewswire / – Black Knight, Inc. (NYSE: BKI) reports the next “first look” at April 2021 mortgage statistics at the end of the month sourced from its loan-level database, representing most of the national mortgage market.

Total US loan delinquency (loans 30 days or more overdue but not collected): 4.66% Change from month: -7.11%
Annual change: -27.68%

Total US Presale Inventory: 0.29%
Change from the previous month: -6.29%
Annual change: -28.67%

Total foreclosure started in the US: 3,700
Change from the previous month: -26.00%
Annual change: -50.00%

Prepayment Monthly Rate (SMM): 2.58%
Change from previous month: -22.79%
Annual change: 10.77%

Revenue from redemption as% of 90+: 0.14%
Change from the previous month: -9.82%
Annual change: 26.99%

Number of properties with a maturity of 30 days or more, but not disposed of: 2,500,000.
Change from previous month: -172,000
Year over year change: -900,000

Number of properties with a maturity of 90 days or more, but not disposed of: 1,768,000
Change from previous month: -151,000
Annual change: 1,306,000

Number of properties in presale foreclosure inventory: 153,000
Change from previous month: -9,000
Annual change: -58,000

Number of real estate objects with delay in payment for 30 days or more or alienation of the right of repurchase: 2,653,000
Change from previous month: -181,000
Annual change: -959,000

Top 5 states by imprecise * percentage
Mississippi: 8.24%
Louisiana: 7.86%
Hawaii: 7.29%
Oklahoma: 6.55%
Maryland: 6.52%

Remaining 5 states by non-current * percentage
Montana: 3.16%
Washington: 3.03%
Utah: 2.99%
Colorado: 2.97%
Idaho: 2.47%

Top 5 states for late payment over 90 days
Mississippi: 5.35%
Louisiana: 5.15%
Nevada: 4.80%
Hawaii: 4.76%
Maryland: 4.56%

Top 5 states to increase the share of non-current * in 6 months
Utah: -33.20%
Maine: -30.92%
Rhode Island: -30.79%
South Dakota: -30.47%
Colorado: -30.03%

Top 5 states by percentage decline in long-term * over six months
District of Columbia: -18.16%
Oklahoma: -21.30%
Minnesota: -21.66%
Maryland: -22.39%
Nebraska: -23.46%

* Long-term totals include foreclosures and delinquencies as a percentage of active loans in that state.
Notes:
1) Totals are extrapolated based on the Black Knight mortgage asset database at the loan level.
2) All whole numbers shall be rounded to the nearest thousand, except for the commencement of foreclosure, which is rounded to the nearest hundred.

For a more detailed view of this month’s First View data, please visit Black Knight Newsroom

The company will provide a more detailed overview of this data in its monthly Mortgage Monitor report, which includes data analysis supplemented with detailed charts and graphs that show trends and observations at a particular point in time. The Mortgage Monitor Report will be available online at https://www.blackknightinc.com/data-reports/ by June. 7, 2021.

For more information on accessing the Black Knight database at the loan level, send an email to [email protected]

About Black Knight
Black Knight, Inc. (NYSE: BKI) is an award-winning software, data and analytics company that drives innovation in mortgage lending and services, real estate, capital and secondary markets. Businesses use our robust, integrated solutions throughout the home ownership lifecycle to help retain existing customers, attract new customers, reduce risk, and operate more efficiently.

Our customers rely on our proven, comprehensive, 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 visit www.blackknightinc.com

SOURCE Black Knight, Inc.

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