Black Knight’s First Look: Mortgage Delinquencies Buck Upward Seasonal Trend in April, Fall to Second Lowest Point in 12 Years
Black Knight, Inc. (BKI)
Last black knight, inc. earnings: 2/13 04:05 pm
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blackiron.com
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Source: GlobeNewswire
Historically, mortgage delinquencies have risen 85 percent of the time in April; this month they declined 1.6 percent – about equal to the size of their average usual increaseApril’s decline halted a seven-month trend of annual increases in the national delinquency rateAreas impacted by Hurricanes Harvey and Irma led April’s delinquency improvement, but slight declines were seen in non-affected areas as wellOver 90,000 seriously delinquent mortgages (90 or more days past due) attributed to the 2017 hurricane season remain in affected areas of Texas, Florida and GeorgiaForeclosure starts declined 5.4 percent overall and 30 percent from March in hurricane-affected areasThe number of mortgages in active foreclosure hit its lowest point since August 2006Prepayment activity fell 4.3 percent in April from last month and was down slightly from last year’s level JACKSONVILLE, Fla. , May 23, 2018 (GLOBE NEWSWIRE) -- Black Knight, Inc. (NYSE:BKI) reports the following “first look” at April 2
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