Delinquency and foreclosure rates decline to levels not seen since October 2007 and 2008, respectively
Share of loans in foreclosure down nearly 37 percent year-over-year
Non-current loan population drops below 4 million for first time since November 2007
Prepayment rates tick up from last month; still down nearly 60 percent year-over-year
Foreclosure starts at 7.5 year low
JACKSONVILLE, Fla. -- April 22, 2014 -- The Data & Analytics
division of Black Knight Financial Services
(formerly the LPS Data & Analytics division) reports the following “first look” at March 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
1) Totals are extrapolated based on Black Knight Financial Services’ loan-level database of mortgage assets.
2) All whole numbers are rounded to the nearest thousand.
To view and download the graphics within this release, click here
About Black Knight Financial Services, LLC
Black Knight Financial Services, a Fidelity National Financial (NYSE:FNF) company, is the mortgage and finance industries’ leading provider of integrated technology, data and analytics solutions. Comprised of technology offerings from the union of LPS and ServiceLink, Black Knight Financial Services offers leading software systems; data and analytics offerings; and information solutions that facilitate and automate many of the business processes across the mortgage life cycle.
Black Knight Financial Services helps clients in the mortgage industry and beyond achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.BKFS.com