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The Big Finish
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EARLY-STAGE DELINQUENCIES PUSH
UP NATIONAL DELINQUENCY RATE
Black Knight Inc. has released a "first look" the latest iteration of its Mortgage Monitor Report for July 2022, which looks at delinquency and
foreclosure rates across the United States.
According to Black Knight, the national delinquency rate rose to 2.89% in June. e delinquency rate was 2.84% in June, 2.75% in May,
2.80% in April, and 2.84% in March. is number was driven by a 4% increase in early-stage delinquencies; this number is also 14 basis points
higher than the record low recorded by this report set in May 2022.
All-in-all, serious delinquencies, or loans more than 90 past due but not yet in foreclosure, pulled back slightly in July after worsening for the
first time in 22 months in June. Seriously delinquent loan numbers have dropped since March from 104,000 to 58,000 in July.
Foreclosure starts also retreated 25% from the previous months for a total of about 17.7k starts, 55% below pre-pandemic level, now
equivalent to just 3% of loans 90 days past due.
ough still up from record lows that came from widespread moratoriums and forbearance protections last year, the number of loans in active
foreclosure declined slightly by 6k in July.
MISSISSIPPI:
6.44 %
LOUISIANA:
5.75 %
OKLAHOMA:
4.89 %
ALABAMA:
4.88 %
WEST VIRGINIA:
4.74 %
OREGON:
2.02%
COLORADO:
1.90%
CALIFORNIA:
1.83%
IDAHO:
1.74%
WASHINGTON:
1.71%
MISSISSIPPI:
2.43%
LOUISIANA:
2.08%
ALABAMA:
1.79%
ALASKA:
1.70%
MARYLAND:
1.57%
HAWAII:
-27.37%
VERMONT:
-18.56%
NEW YORK:
-18.14%
NEVADA:
-17.11%
LOUISIANA:
-16.39%
IOWA:
0.66%
KANSAS:
-1.16%
OKLAHOMA:
-2.75%
NORTH DAKOTA:
-2.94%
ALASKA:
-3.83%
Source: Black Knight's Mortgage Monitor Report for July 2022
TOP 5
STATES BY
NON-CURRENT
PERCENTAGE
BOTTOM
5 STATES BY
NON-CURRENT
PERCENTAGE
TOP 5 STATES
BY 90+ DAYS
DELINQUENT
PERCENTAGE
TOP 5 STATES BY
6-MONTH CHANGE
IN NON-CURRENT
PERCENTAGE
BOTTOM 5 STATES
BY 6-MONTH CHANGE
IN NON-CURRENT
PERCENTAGE
