Black Knight Inc. says the total U.S. loan delinquency rate was 3.01% in November, with a month-over-month change of 3.46% and a year-over-year change of -16.18%.
The total U.S. foreclosure pre-sale inventory rate was 0.37%, with 5.29% and 46.60% changes, respectively. Total U.S. foreclosure starts were 23,400, with 19.39% and 532.43% changes. The monthly prepayment rate (SMM) was 0.40%, with -15.57% and -77.26% changes.
Foreclosure sales as a percentage of 90-days-plus delinquencies were 0.55%, with a month-over-month change of -6.73% and year-over-year change of 109.66%. The number of properties that are 30 or more days past due but not in foreclosure was 1,612,000, with 55,000 and -294,000 changes. The number of properties that are 90 or more days past due but not in foreclosure was 550,000, with -1,000 and -476,000 changes. The number of properties in foreclosure pre-sale inventory was 196,000, with 10,000 and 64,000 changes. The number of properties that are 30 or more days past due or in foreclosure was 1,808,000, with 65,000 and -231,000 changes.
The top five states by non-current percentage were Mississippi (6.70%), Louisiana (6.08%), Oklahoma (5.03%), Alabama (4.76%) and West Virginia (4.66%). The bottom five states by non-current percentage were Oregon (2.06%), Colorado (1.98%), California (1.90%), Idaho (1.79%) and Washington (1.69%).
The top five states by 90+ days delinquent percentage were Mississippi (2.32%), Louisiana (1.90%), Alabama (1.62%), Arkansas (1.53%) and Oklahoma (1.50%). The top five states by 6-month change in non-current percentage were Alaska (-20.97%), Hawaii (-8.34%), New York (-6.90%), New Hampshire (1.28%) and Maine (3.04%). The bottom five states by 6-month change in non-current percentage were Florida (24.63%), Arizona (21.03%), Wyoming (16.96%), Iowa (15.97%) and South Dakota (15.58%).
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