Loan losses are forecast to rise to a five-year high of 3.9% in 2023, although will remain lower than the previous peak of 8.4% seen in 2013 during the eurozone debt crisis. The number of eurozone businesses and households unable to make repayments on their bank loans is set to rise, according to the first EY European Bank Lending Economic Forecast. Consumer credit forecast to bounce back from a decline of -2.7% in 2020, growing 2.6% in 2022 – although this remains low relative to 2019 growth of 5.6%.Mortgage lending is set to retain a steady 4% average growth over the next three years, above the 3.2% 2019 level.Business lending growth is forecast to dip in 2023 to 2.3% but will remain stronger than the 1.7% average growth pre-pandemic (2018-19).Total eurozone bank lending to grow at 3.7% in 2022 and just 2.9% in 2023 – a slowdown from the pandemic peak of 4.3% in 2020 but still above the pre-pandemic (2018-19) average growth rate of 2.8%. For more information on Black Knight, please visit Loan losses are forecast to rise from 2.2% in 2021 to a peak of 3.9% in 2023, ahead of 2019’s 3.2% but still modest by historical standards – losses averaged 6% between 2012-2019 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. 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. (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. 4, 2021.įor more information about gaining access to Black Knight’s loan-level database, please send an email to About Black Knightīlack Knight, Inc. The Mortgage Monitor report will be available online at by Monday, Oct. 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. All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.Totals are extrapolated based on Black Knight’s loan-level database of mortgage assets.*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. 22, 2021 – Black Knight, Inc. reports the following “first look” at August 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Prepayment activity rose by nearly 9% in the month with interest rates – which have held below 3% in recent months – continuing to spur both refinance and purchase activity.Though the number of loans in active foreclosure saw the first monthly rise of 2021 (+2,000), volumes remain near record lows and are still down 44% (-97,000) from pre-pandemic levels.Despite the increase – which was driven primarily by restarting the process on loans that had been in foreclosure prior to the moratoria – start volumes remain 80% below August 2019 levels.August’s 7,100 foreclosure starts represented the largest such volume in eight months after foreclosure moratoria on federally backed loans were lifted at the end of July.Serious delinquencies – including those in active forbearance – fell by 108,000 from July and, though down by more than 1 million from last August, are still roughly 930,000 above pre-pandemic levels.The national delinquency rate on first lien mortgages fell to 4.00% in August, the lowest it’s been since pandemic-related impacts caused mortgage delinquencies to spike in early 2020.
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