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The Big Finish
Wrap your head
around the market's
leading indicators.
FORECLOSURES SLIDE TO
ALL-TIME LOW
While roughly twice as many foreclosure sales occurred within December 2021 as compared to December 2020, there were only
one-third as many as in pre-pandemic December 2019. Given the large volume of borrowers who've exited forbearance protections in
recent months, the industry is keeping a close eye on foreclosures metrics moving forward in 2022.
Black Knight Inc. released a "first look" at December 2021 month-end mortgage performance statistics derived from its loan-level
database representing the majority of the national mortgage market. Here are some key metrics from that report.
TOTAL U.S. LOAN
DELINQUENCY
RATE (LOANS
30 OR MORE
DAYS PAST DUE,
BUT NOT IN
FORECLOSURE):
3.38%
• MONTH-OVER-
MONTH CHANGE:
-5.88%
• YEAR-OVER-YEAR
CHANGE: -44.46%
TOTAL U.S.
FORECLOSURE
PRE-SALE
INVENTORY
RATE: 0.24%
• MONTH-OVER-
MONTH CHANGE:
-3.80%
• YEAR-OVER-YEAR
CHANGE: -27.98%
TOTAL U.S.
FORECLOSURE
STARTS: 4,100
• MONTH-OVER-
MONTH CHANGE:
10.81%
• YEAR-OVER-YEAR
CHANGE: -42.25%
TOP 5 STATES
BY NON-
CURRENT
PERCENTAGES
1. LOUISIANA: 7.06%
2. MISSISSIPPI: 6.91%
3. WEST VIRGINIA:
5.37%
4. ALABAMA: 5.11%
5. OKLAHOMA: 5.08%
BOTTOM 5
STATES BY
NON-CURRENT
PERCENTAGE
1. UTAH: 2.20%
2. CALIFORNIA: 2.13%
3. WASHINGTON: 2.03%
4. COLORADO: 2.02%
5. IDAHO: 1.85%
Source: Black Knight's "first look" at December 2021 month-end mortgage performance statistics.
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