Black Knight, Inc. (NYSE:BKI) reports the following “first look” at December 2021 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): 3.38%
Month-over-month change: -5.88%
Year-over-year change: -44.46%
Total U.S. foreclosure pre-sale inventory rate: 0.24%
Month-over-month change: -3.80%
Year-over-year change: -27.98%
Total U.S. foreclosure starts: 4,100
Month-over-month change: 10.81%
Year-over-year change: -42.25%
Monthly prepayment rate (SMM): 1.65%
Month-over-month change: -7.31%
Year-over-year change: -47.60%
Foreclosure sales as % of 90+: 0.29%
Month-over-month change: 12.07%
Year-over-year change: 324.16%
Number of properties that are 30 or more days past due, but not in foreclosure: 1,799,000
Month-over-month change: -107,000
Year-over-year change: -1,452,000
Number of properties that are 90 or more days past due, but not in foreclosure: 946,000
Month-over-month change: -80,000
Year-over-year change: -1,200,000
Number of properties in foreclosure pre-sale inventory: 128,000
Month-over-month change: -4,000
Year-over-year change: -50,000
Number of properties that are 30 or more days past due or in foreclosure: 1,927,000
Month-over-month change: -112,000
Year-over-year change: -1,502,000
Top 5 States by Non-Current* Percentage
Louisiana: 7.06%
Mississippi: 6.91%
West Virginia: 5.37%
Alabama: 5.11%
Oklahoma: 5.08%
Bottom 5 States by Non-Current* Percentage
Utah: 2.20%
California: 2.13%
Washington: 2.03%
Colorado: 2.02%
Idaho: 1.85%
Top 5 States by 90+ Days Delinquent Percentage
Louisiana: 3.84%
Mississippi: 3.41%
Oklahoma: 2.55%
Alabama: 2.52%
Arkansas: 2.50%
Top 5 States by 6-Month Improvement in Non-Current* Percentage
Hawaii: -46.54%
Nevada: -35.61%
California: -34.04%
Vermont: -27.62%
Washington: -27.28%
Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Louisiana: -4.65%
Michigan: -8.74%
Indiana: -8.97%
Ohio: -12.09%
West Virginia: -12.10%
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes: