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

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Delinquency Rate Lowest since October 2007

  • Delinquency and foreclosure rates decline to levels not seen since October 2007 and 2008, respectively

  • Share of loans in foreclosure down nearly 37 percent year-over-year

  • Non-current loan population drops below 4 million for first time since November 2007

  • Prepayment rates tick up from last month; still down nearly 60 percent year-over-year

  • Foreclosure starts at 7.5 year low


JACKSONVILLE, Fla. -- April 22, 2014 -- The Data & Analytics division of Black Knight Financial Services (formerly the LPS Data & Analytics division) reports the following “first look” at March 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.

BKFS First Look (March 2013 data) - Table 1

BKFS First Look (March 2013 data) - Table 2

BKFS First Look (March 2013 data) - Table 3

BKFS First Look (March 2013 data) - Table 4

BKFS First Look (March 2013 data) - Table 5

BKFS First Look (March 2013 data) - Table 6
 
*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 May 5, 2014.

To view and download the graphics within this release, click here.
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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. Comprised of technology offerings from the union of LPS and ServiceLink, Black Knight Financial Services offers leading software systems; data and analytics offerings; and information solutions that facilitate and automate many of the business processes across the mortgage life cycle.

Black Knight Financial Services helps clients in the mortgage industry and beyond 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.
News Source : Black Knight Financial Services’ “First Look” at March 2014 Mortgage Data
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