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16 U.S. FORECLOSURE STARTS UP MORE THAN 440% YEAR OVER YEAR Black Knight Inc. has released a "first look" the latest iteration of its Mortgage Monitor Report for June 2022, which looks at delinquency and foreclosure rates across the United States. According to Black Knight, the national delinquency rate rose to 2.84% in June, ending a downward trend that has materialized over the last few months. e delinquency rate was 2.75% in May, 2.80% in April, and 2.84% in March. Looking specifically at foreclosure starts, this metric was up 26.6% in June on a monthly basis, but up 440.91% year over year. Starts also represented the highest share (4%) of serious delinquencies since March 2020, but less than half the rate in the years leading up to the pandemic. In addition, active foreclosure inventory rose by 16,000 units as volumes continue to slowly come off the record lows brought on by the pandemic moratoriums and forbearance programs. Notable statistics from the report include: » Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 2.84% » Month-over-month change: 3.31% » Year-over-year change: -35.10% Total U.S. foreclosure pre-sale inventory rate: 0.36% » Month-over-month change: 8.73% » Year-over-year change: 30.05% Total U.S. foreclosure starts: 23,800 » Month-over-month change: 26.60% » Year-over-year change: 440.91% Monthly prepayment rate (SMM): 0.81% » Month-over-month change: -7.07% » Year-over-year change: -64.27% Foreclosure sales as % of 90+: 0.53% » Month-over-month change: 6.15% » Year-over-year change: 328.83% Number of properties that are 30 or more days past due, but not in foreclosure: 1,511,000 » Month-over-month change: 50,000 » Year-over-year change: -809,000 Number of properties that are 90 or more days past due, but not in foreclosure: 599,000 » Month-over-month change: 4,000 » Year-over-year change: -951,000 Number of properties in foreclosure pre- sale inventory: 190,000 » Month-over-month change: 16,000 » Year-over-year change: 45,000 Number of properties that are 30 or more days past due or in foreclosure: 1,700,000 » Month-over-month change: 65,000 » Year-over-year change: -766,000 Top 5 States by Noncurrent Percentage: » Mississippi: 6.41% » Louisiana: 5.65% » Alabama: 4.72% » Oklahoma: 4.69% » West Virginia: 4.68% Bottom 5 States by Noncurrent Percentage: » Utah: 1.95% » Colorado: 1.86% » California: 1.80% » Washington: 1.66% » Idaho: 1.66% Top 5 States by 90+ Days Delinquent Percentage: » Mississippi: 2.43% » Louisiana: 2.11% » Alabama: 1.77% » Alaska: 1.62% » Maryland: 1.59% Top 5 States by 6-Month Change in Noncurrent Percentage: » District of Columbia: 21.83% » Hawaii: 21.82% » Nevada: 20.56% » Louisiana: 19.99% » Washington: 18.38% Bottom 5 States by 6-Month in Noncurrent Percentage: » North Dakota: 1.91% » Iowa: -2.50% » Maine: -3.20% » Kansas: -4.71% » Missouri: -5.00% Journal