Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.08% at the end of December 2022, with a month-over-month change of 2.31% and year-over-year change of -8.89%.
The total U.S. foreclosure pre-sale inventory rate was 0.37%, with 0.71% and 53.47% changes, respectively. Total U.S. foreclosure starts were 26,900 (14.96% and 556.10%). The monthly prepayment rate (SMM) was 0.39%, with month-over-month change of -2.72% and year-over-year change of -76.14%.
Foreclosure sales as % of 90+ were 0.52%, with changes of -5.78% and 76.26%, respectively. The number of properties that are 30 or more days past due, but not in foreclosure was 1,653,000, with changes of 41,000 and -146,000. The number of properties that are 90 or more days past due, but not in foreclosure was 545,000, with changes of -5,000 and -401,000. The number of properties in foreclosure pre-sale inventory was 198,000, with changes of 2,000 and 70,000. The number of properties that are 30 or more days past due or in foreclosure was 1,850,000, with changes of 42,000 and -77,000.
The top five states by non-current percentage were Mississippi (6.87%), Louisiana (6.33%), Oklahoma (5.16%), West Virginia (4.92%) and Alabama (4.91%). The bottom five states by non-current percentage were Oregon (2.10%), Colorado (1.96%), California (1.91%), Idaho (1.89%) and Washington (1.69%). The top five states by 90+ days delinquent percentage were Mississippi (2.31%), Louisiana (1.90%), Arkansas (1.59%), Alabama (1.57%) and Maryland (1.45%).
The top five states by 6-month change in non-current percentage were Alaska (-19.58%), New York (-5.24%), Hawaii (-4.12%), North Dakota (-0.78%) and District of Columbia (0.08%). The bottom five states by 6-month change in non-current percentage were Florida (22.44%), Arizona (18.78%), South Dakota (14.95%), Wyoming (14.49%) and Idaho (14.09%).
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