Black Knight Financial Services’ “First Look” at February 2014 Mortgage Data

Lender Processing Services's picture
Printer-friendly versionPrinter-friendly versionPDF versionPDF version

Foreclosure Inventory Down by More Than Half a Million Loans Since Last Year

  • Nearly 1 million fewer loans in U.S. non-current population since last February

  • Share of loans in foreclosure down over 34 percent year-over-year; foreclosure starts drop 30 percent

  • Prepayment rates see year-over-year decline of almost 64 percent

  • Mississippi, New Jersey and Florida have highest rates of non-current loans

 
JACKSONVILLE, Fla. – March 24, 2014 – The Data & Analytics division of Black Knight Financial Services (formerly the LPS Data & Analytics division) reports the following “first look” at February 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
 
 

















*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 April 7, 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, LLC

Black Knight Financial Services, a Fidelity National Financial (NYSE:FNF) company, is the mortgage and finance industries’ leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage life cycle.
 
Black Knight Financial Services is committed to being the premier business partner  that lenders and servicers rely onto 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.
 
Media Contact: Michelle Kersch, 904.854.5043, Michelle.Kersch@BKFS.com

News Source : Black Knight Financial Services’ “First Look” at February 2014 Mortgage Data

Copy this html code to your website/blog to embed this press release.