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DELINQUENCIES SEE FIRST
PANDEMIC-RELATED RISE
March saw a 3.33% rise in delinquencies, the first-ever rise for the month of March as COVID-19 began to impact the market. Black Knight's
First Look at mortgage delinquency data reports that the typically strong month experienced its first increase since the turn of the century.
Black Knight notes, however, that for the purposes of the First Look, Mortgage Monitor and other reports that Black Knight issues, homeowners
in forbearance plans will be counted as a subset of delinquency numbers. ey should not, however, be reported as delinquent to credit bureaus by their
servicers.
With this in mind, the delinquency rate is expected to rise significantly in the coming months.
Here are the top and bottom states by delinquency rates.
The Big Finish
Wrap your head
around the market's
leading indicators.
Top Five States by Non-Current Percentage
State
Non-Current Percentage
Mississippi 9.08%
Louisiana 7.54%
Alabama 6.20%
West Virginia 5.90%
Arkansas 5.34%
Bottom Five State by Non-Current Percentage
State
Non-Current Percentage
California 2.16%
Oregon 1.95%
Idaho 1.88%
Washington 1.81%
Colorado 1.79%
MISSISSIPPI LOUISIANA
ARKANSAS
ALABAMA
WEST VIRGINIA
CALIFORNIA
COLORADO
OREGON
WASHINGTON
IDAHO
