Black Knight Financial Services' First Look at July Mortgage Data: Foreclosure Inventory Down 24 Percent Year-Over-Year; Lowest Level Since 2007

- Inventory of loans in foreclosure continues decline; now just 711,000 loans

- Delinquency rate improves by 2.2 percent from June, near post-crisis low

- California sees 16.4 percent 6-month reduction in non-current loans; joins Top 5 states in terms of improvement

- At just 2.96 percent, Colorado's non-current inventory is at the lowest level in over 10 years; second lowest in nation

Aug 21, 2015, 09:00 ET from Black Knight Financial Services, Inc.

JACKSONVILLE, Fla., Aug. 21, 2015 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at July 2015 month-end mortgage performance statistics derived from its loan-level database representing approximately two-thirds of the overall market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.71% Month-over-month change: -2.22%  Year-over-year change: -16.46%

Total U.S. foreclosure pre-sale inventory rate: 1.40% Month-over-month change: -3.79% Year-over-year change: -24.23%

Total U.S. foreclosure starts: 75,400 Month-over-month change: -4.56% Year-over-year change: -16.87%

Monthly Prepayment Rate (SMM): 1.26% Month-over-month change: -9.41% Year-over-year change: 20.42%

Foreclosure Sales as % of 90+: 1.95% Month-over-month change: 2.15% Year-over-year change: 5.67%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,389,000 Month-over-month change: -55,000 Year-over-year change: -460,000

Number of properties that are 90 or more days past due, but not in foreclosure: 886,000 Month-over-month change: -9,000 Year-over-year change: -250,000

Number of properties in foreclosure pre-sale inventory: 711,000 Month-over-month change: -28,000 Year-over-year change: -224,000

Number of properties that are 30 or more days past due or in foreclosure: 3,100,000 Month-over-month change: -83,000 Year-over-year change: -685,000

Top 5 States by Non-Current* Percentage

Mississippi: 12.75% New Jersey: 10.16% Louisiana: 9.90% Maine: 8.95% New York: 8.92%

Bottom 5 States by Non-Current* Percentage

South Dakota: 3.35% Montana: 3.29% Minnesota: 3.22% Colorado: 2.96% North Dakota: 2.12%

Top 5 States by 90+ Days Delinquent Percentage

Mississippi: 4.44% Louisiana: 3.12% Rhode Island: 3.03% Alabama: 3.01%    Arkansas: 2.65%                      

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

Florida: -21.62% New Hampshire: -19.24%  Illinois: -17.32%  Vermont: -16.81% California: -16.38%                   

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

Wyoming: -5.27% South Dakota: -7.45%  Alaska: -8.48%  Oklahoma: -9.87%  Mississippi: -10.17%

*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, except foreclosure starts, which are rounded to the nearest hundred.

For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom at: http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20150821.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 in-depth 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 Sep. 8, 2015.

For more information about gaining access to Black Knight's loan-level database, please send an e-mail 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 the mortgage and finance industries' leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage life cycle.

Black Knight Financial Services is committed to being the 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.

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SOURCE Black Knight Financial Services, Inc.



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