First Look at April 2019 Mortgage Data
Strong April Mortgage Performance Pushes National Delinquency Rate to New Record Low; Prepayment Activity Continues to Rise
- Following a slow start to the year, the national delinquency rate fell by more than 5% month-over-month; at 3.47%, it is now at its lowest level on record dating back to 2000
- Serious delinquencies – loans 90 or more days past due, but not yet in foreclosure – fell to 474,000, marking a 124,000 year-over-year decline and a 12-year low
- While monthly foreclosure starts edged up slightly from March’s 18-year low, the number of loans in active foreclosure continued to shrink, hitting a more than 13-year low in April
- Prepayment activity continues to press upward, driven by a combination of low interest rates and seasonal increases in home sale activity
- The prepayment rate on first-lien mortgages rose 17% from March, bringing the three-month aggregate increase to 67%
JACKSONVILLE, Fla. – May 21, 2019 – ICE reports the following “first look” at April 2019 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Apr2019_Chart01-1024x387.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Apr2019_Chart02-1024x250.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Apr2019_Chart03-1024x249.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Apr2019_Chart04-1024x250.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Apr2019_Chart05-1024x252.jpg)
![](https://static.icemortgagetechnology.com/icemt/assets/data-reports/BKI_First_Look_Apr2019_Chart06-1024x247.jpg)
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
- Totals are extrapolated based on ICE’s loan-level database of mortgage assets.
- All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at /resources/data-reports by June 3, 2019.
For more information about gaining access to ICE’s loan-level database, please send an email to Mortgage.Monitor@bkfs.com.
About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.
Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serving their customers. For more information on Black Knight, please visit .
About Intercontinental Exchange
(NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options – including the – and help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At , we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located . Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment žžƵ Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.
Media Contacts
Mitch Cohen
704.890.8158
ٳ.dz.dzċċ
Katia Gonzalez
678.981.3882
katia.gonzalez@ice.com