June Numbers Show Slight Delinquency, Foreclosure Increase

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Black Knight Inc.’s report on June 2022 month-end mortgage performance statistics shows the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) at 2.84%, with a month-over-month change of 3.31% and a year-over-year change of -35.10%.

The total U.S. foreclosure pre-sale inventory rate was 0.36%, with month-over-month and year-over-year changes of 8.73% and 30.05%, respectively. Total U.S. foreclosure starts came in at 23,800.

The monthly prepayment rate (SMM) was 0.81%, while foreclosure sales as a percentage of 90+ were 0.53%.

As for the number of properties that are 30 or more days past due, but not in foreclosure, the results showed 1,511,000. The number of properties that are 90 or more days past due, but not in foreclosure, was 599,000, with a month-over-month change of 4,000 and year-over-year change of -951,000.

The number of properties in foreclosure pre-sale inventory was 190,000, while the number of properties that are 30 or more days past due or in foreclosure was 1.7 million.

The top five states by non-current percentage were Mississippi at 6.41%, Louisiana at 5.65%, Alabama at 4.72%, Oklahoma at 4.69% and West Virginia at 4.68%. The bottom five states by non-current percentage were Utah at 1.95%, Colorado at 1.86%, California at 1.80%, Washington at 1.66% and Idaho at 1.66%.

The top five states by 90+ days delinquent percentage were Mississippi at 2.43%, Louisiana at 2.11%, Alabama at 1.77%, Alaska at 1.62% and Maryland at 1.59%.

The top five states by six-month change in non-current percentage were District of Columbia (-21.83%), Hawaii (-21.82%), Nevada (-20.56%), Louisiana (-19.99%) and Washington (-18.38%). The bottom five states by six-month in non-current percentage were North Dakota (1.91%), Iowa (-2.50%), Maine (-3.20%), Kansas (-4.71%) and Missouri (-5%).

Read the full report here.

Image: “Foreclosure” by BasicGov is licensed under CC BY-SA 2.0

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