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.
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.
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.