Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.36% at the end of February, representing a month-over-month change of 1.76% and a year-over-year change of -44.09%.
The total U.S. foreclosure pre-sale inventory rate was 0.31% with a month-over-month change of 9.35% and year-over-year change of -3.41%. Total U.S. foreclosure starts were 25,000, -24.01% and 541.03% while the monthly prepayment rate (SMM) was 1.12%, -10.85% and -60.68%. Foreclosure sales as % of 90+ were 0.31%, with respective changes of -14.05% and 243.17%. the number of properties that are 30 or more days past due, but not in foreclosure, were 1,783,000 with changes of 25,000 and -1,403,000.
The number of properties that are 90 or more days past due, but not in foreclosure were 787,000 with a month-over-month change of -72,000 and year-over-year change of -1,288,000. The figures for the number of properties in foreclosure pre-sale inventory were 162,000, 13,000 and -6,000 while those for the number of properties that are 30 or more days past due or in foreclosure were 1,946,000, 39,000 and -1,408,000.
The top five states by non-current percentage were Mississippi (6.96%), Louisiana (6.80%), West Virginia (5.33%), Alabama (5.24%) and Oklahoma (5.14%). The bottom five states were Montana (2.39%), California (2.31%), Colorado (2.17%), Washington (2.03%) and Idaho (1.98%).
The top five states by 90+ days delinquent percentage were Louisiana (3.07%), Mississippi (2.92%), Alabama (2.17%), West Virginia (2.13%) and Arkansas (2.08%).
The top five states by six-month improvement in non-current percentage were Hawaii (-40.72%), Nevada (-27.13%), New Jersey (-23.88%), California (-23.22%) and District of Columbia (-22.92%). The top five states by six-month deterioration were Michigan (1.33%), Utah (-2.39%), Iowa (-3%), Alabama (-3.39%) and Maine (-3.61%).