Black Knight Financial Services' First Look at November Mortgage Data: Foreclosure Starts Hit Nine-Year Low; Fewer than 700,000 Active Foreclosures Remain

- - 66,600 foreclosure starts in November mark the lowest one-month total since April 2006

- - Foreclosure inventory down 185,000 from one year ago; fewer than 700,000 active foreclosures remaining

- - Seasonal increase seen in 90-day defaults; 90-day delinquent inventory up 7,000 from one month ago

- - Prepayment rate (historically a good indicator of refinance activity) down sharply in November; 16 percent below October's rate

23 Dec, 2015, 09:00 ET from Black Knight Financial Services, Inc.

JACKSONVILLE, Fla., Dec. 23, 2015 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at November 2015 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): 4.92% Month-over-month change: 3.18% Year-over-year change: -18.26%

Total U.S. foreclosure pre-sale inventory rate: 1.38% Month-over-month change: -3.24% Year-over-year change: -21.24%

Total U.S. foreclosure starts: 66,600 Month-over-month change: -9.02% Year-over-year change: -9.76%

Monthly Prepayment Rate (SMM): 0.92% Month-over-month change: -15.70% Year-over-year change: 0.39%

Foreclosure Sales as % of 90+: 1.77% Month-over-month change: -12.86% Year-over-year change: 25.48%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,491,000 Month-over-month change: 76,000 Year-over-year change: -546,000

Number of properties that are 90 or more days past due, but not in foreclosure: 827,000 Month-over-month change: 7,000 Year-over-year change: -293,000

Number of properties in foreclosure pre-sale inventory: 698,000 Month-over-month change: -23,000 Year-over-year change: -185,000

Number of properties that are 30 or more days past due or in foreclosure: 3,189,000 Month-over-month change: 53,000 Year-over-year change: -732,000

Top 5 States by Non-Current* Percentage Mississippi: 12.57%                   New Jersey: 10.47%                 Louisiana: 10.03%                                             New York: 9.03% Maine: 8.96%               

Bottom 5 States by Non-Current* Percentage South Dakota: 3.37% Minnesota: 3.23% Colorado: 3.03% Alaska: 2.93% North Dakota: 2.21%

Top 5 States by 90+ Days Delinquent Percentage Mississippi: 4.11% Louisiana: 2.93% Alabama: 2.85% Rhode Island: 2.48% Maine: 2.47%

Top 5 States by 6-Month Improvement in Non-Current* Percentage Alaska: -15.66%                        Oregon: -10.20%                       New Hampshire: -7.67%                       Florida: -7.60%              Nebraska: -6.81%                                                        

Top 5 States by 6-Month Deterioration in Non-Current* Percentage Texas: 3.43%                California: 3.02%                       Arizona: 2.64%             Wyoming: 2.55% Oklahoma: 2.45%                     

*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/20151223.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 Jan. 11, 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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