The data & analytics division of Black Knight Financial Services (formerly the LPS Data & Analytics division) reports the following "first look" at February 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 5.97 percent, a month-over-month change of -4.87 percent and year-over-year change of -12.28 percent.
►Total U.S. foreclosure pre-sale inventory rate stood at 2.22 percent, a month-over-month change of -5.29 percent and year-over-year change of -34.16 percent.
►Total U.S. foreclosure starts hit 91,993 in February, a month-over-month change of -2.21 percent and year-over-year change of -30.22 percent.
►The Monthly Prepayment Rate (SMM) hit 0.66 percent in February, a month-over-month change of -10.57 percent and year-over-year change of -63.61 percent.
►The number of properties that are 30 or more days past due, but not in foreclosure dropped to 2,991,000, a month-over-month change of -149,000 and year-over-year change of -419,000.
►The number of properties that are 90 or more days past due, but not in foreclosure dropped to 1,242,000 nationwide, a month-over-month change of -47,000 and big year-over-year change of -241,000.
►In February, the number of properties that were 30 or more days past due or in foreclosure dropped to 4,106,000, a month-over-month change of -209,000 and year-over-year change of -998,000.
The top five states by Non-Current Percentage include:
►Mississippi: 14.15 percent
►New Jersey: 13.63 percent
►Florida: 12.88 percent
►New York: 11.75 percent
►Louisiana: 11.27 percent
The bottom five states by Non-Current Percentage include:
►Colorado: 4.21 percent
►Montana: 4.21 percent
►Alaska: 4.09 percent
►South Dakota: 3.68 percent
►North Dakota: 2.70 percent
The top five states by 90-plus days Delinquent Percentage:
►Mississippi: 5.36 percent
►Nevada: 3.99 percent
►Rhode Island: 3.97 percent
►Alabama: 3.67 percent
►Louisiana: 3.55 percent
The top five states by sixonth Improvement in Non-Current Percentage:
►Nevada: -15.92 percent
►Florida: -14.72 percent
►Idaho: -14.17
►Illinois: -12.01 percent
►Washington: -12.00 percent
The top five states by six-Month Deterioration in Non-Current Percentage:
►Vermont: 1.90 percent
►Massachusetts: 1.34 percent
►Wyoming: 0.91 percent
►New Hampshire: -0.32 percent
►Louisiana: -0.47 percent
