Black Knight Inc. says the total U.S. loan delinquency rate was 2.91% at month-end October, with a month-over-month change of 4.45% and year-over-year change of -22.32%.
The total U.S. foreclosure pre-sale inventory rate was 0.35%, a change of 0.42% and 33.22%, respectively.
Total U.S. foreclosure starts numbered 19,600, with changes of 6.52% and 390%.
The monthly prepayment rate was 0.48%, with a month-over-month change of -16.48% and year-over-year change of -75.47%.
Foreclosure sales as a percentage of 90-plus-days delinquencies were 0.59%, with changes of -1.47% and 117.07%, respectively.
The number of properties that are 30 or more days past due but not in foreclosure was 1,557,000, up 66,000 month-over-month and -429,000 year-over-year. The number of properties that are 90 or more days past due was 551,000, down -7,000 and -555,000.
The number of properties in foreclosure pre-sale inventory was 186,000, up 1,000 and 48,000.
The top five states by non-current percentage were Mississippi (6.50%), Louisiana (5.75%), Oklahoma (4.88%), Alabama (4.64%) and West Virginia (4.47%). The bottom five states by non-current percentage were Colorado (2.05%), Oregon (1.99%), California (1.84%), Idaho (1.74%) and Washington (1.67%).
The top five states by 90+ days delinquent percentage were Mississippi (2.38%), Louisiana (1.90%), Alabama (1.66%), Oklahoma (1.55%) and Arkansas (1.54%).
The top five states by 6-month change in non-current percentage were Alaska (-23.82%), Hawaii (-20.35%), New York (-14%), North Dakota (-10.47%) and New Jersey (-3.13%). The bottom five states by 6-month change in non-current percentage were Iowa (22.96%), Florida (16.80%), Colorado (15.91%), South Dakota (13.12%) and Arizona (12.43%).
Image: Ralph Kelly on Unsplash
