Black Knight Financial Services' First Look at January Mortgage Data: Delinquencies Up Sharply; Prepayment Rate Drops

- Delinquency rate up 6.6 percent in January; back above 5 percent nationally for the first time in 11 months

- Prepayment rate (historically a good indicator of refinance activity) drops 29 percent to its lowest level since February 2014

- Foreclosure sales (completions) up nearly 16 percent following holiday moratoriums

- Active foreclosure inventory continues to decline; down 26 percent from last year

22 Feb, 2016, 09:00 ET from Black Knight Financial Services, Inc.

JACKSONVILLE, Fla., Feb. 22, 2016 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at January 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 5.09% Month-over-month change: 6.62% Year-over-year change: -7.10%

Total U.S. foreclosure pre-sale inventory rate: 1.30% Month-over-month change: -4.53% Year-over-year change: -25.69%

Total U.S. foreclosure starts: 71,900 Month-over-month change: -7.94% Year-over-year change: -22.94%

Monthly Prepayment Rate (SMM): 0.81% Month-over-month change: -28.67% Year-over-year change: -7.88%

Foreclosure Sales as % of 90+: 2.17% Month-over-month change: 15.61% Year-over-year change: 24.76%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,575,000 Month-over-month change: 167,000 Year-over-year change: -189,000

Number of properties that are 90 or more days past due, but not in foreclosure: 831,000 Month-over-month change: 23,000 Year-over-year change: -229,000

Number of properties in foreclosure pre-sale inventory: 659,000 Month-over-month change: -30,000 Year-over-year change: -226,000

Number of properties that are 30 or more days past due or in foreclosure: 3,234,000 Month-over-month change: 137,000 Year-over-year change: -415,000

Top 5 States by Non-Current* Percentage

Mississippi:        13.00%             Louisiana:          10.49%             New Jersey:       10.38%             Alabama:             9.25%               West Virginia:      9.19%                          

Bottom 5 States by Non-Current* Percentage

South Dakota:    3.50% Minnesota:         3.29% Alaska:              3.24% Colorado:           3.03% North Dakota:     2.41%

Top 5 States by 90+ Days Delinquent Percentage

Mississippi:        4.11%               Louisiana:          2.95%               Alabama:           2.86%               Maine:               2.55% Tennessee:        2.42%  

Top 5 States by 6-Month Improvement in Non-Current* Percentage

Oregon:             -4.73%              Washington       -4.42%              Nevada:             -3.57%              Florida:              -3.51%              Hawaii:              -2.01%                                                             

Top 5 States by 6-Month Deterioration in Non-Current* Percentage

North Dakota:    14.54% West Virginia:    11.71% Arizona:              9.74%               Virginia:              9.57% California:            9.42%  

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:

1)         Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets. 2)         All whole numbers are rounded to the nearest thousand.

For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom at http://www.blackknightcompanies.com/CorporateInformation/NewsRoom/Pages/20160222.aspx

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 http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/Mortgage-Monitor.aspx by March 7, 2016.

For more information about gaining access to Black Knight's loan-level database, please send an email to dataanalyticsinfo@bkfs.com.

About Black Knight Financial Services, Inc.

Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE: FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.

For more information:

Michelle Kersch    

Mitch Cohen    

904.854.5043   

646.546.5103

michelle.kersch@bkfs.com   

mitch@mprg.com

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SOURCE Black Knight Financial Services, Inc.



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