Black Knight Financial Services' First Look at October Mortgage Data: Foreclosure Starts Down More Than 8 Percent; Delinquencies Fall After Two Consecutive Monthly Increases

- Total foreclosure starts dropped 8.4 percent to 73,200; down 11.3 percent year-over-year

- Delinquency rate improved by 1.9 percent from September; down nearly 12 percent from last year

- At 721,000, inventory of loans in active foreclosure is lowest since December 2007

- Prepayment activity (historically a good indicator of refinance activity) up slightly for the month

Nov 23, 2015, 09:15 ET from Black Knight Financial Services, Inc.

JACKSONVILLE, Fla., Nov. 23, 2015 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at October 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): 4.77% Month-over-month change: -1.93% Year-over-year change: -11.91%

Total U.S. foreclosure pre-sale inventory rate: 1.43% Month-over-month change: -2.35% Year-over-year change: -21.16%

Total U.S. foreclosure starts: 73,200 Month-over-month change: -8.39% Year-over-year change: -11.27%

Monthly Prepayment Rate (SMM): 1.09% Month-over-month change: 1.14% Year-over-year change: 9.85%

Foreclosure Sales as % of 90+: 2.03% Month-over-month change: 2.54% Year-over-year change: 6.63%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,415,000 Month-over-month change: -42,000 Year-over-year change: -316,000

Number of properties that are 90 or more days past due, but not in foreclosure: 820,000 Month-over-month change: 3,000 Year-over-year change: -249,000

Number of properties in foreclosure pre-sale inventory: 721,000 Month-over-month change: -16,000 Year-over-year change: -191,000

Number of properties that are 30 or more days past due or in foreclosure: 3,136,000 Month-over-month change: -58,000 Year-over-year change: -507,000

Top 5 States by Non-Current* Percentage

Mississippi: 12.48%                   New Jersey: 10.48%                 Louisiana: 9.80% New York: 9.06% Maine: 8.93%               

Bottom 5 States by Non-Current* Percentage

South Dakota: 3.17% Minnesota: 3.12% Colorado: 2.90% Alaska: 2.50% North Dakota: 2.12%

Top 5 States by 90+ Days Delinquent Percentage

Mississippi: 4.07% Louisiana: 2.86% Alabama: 2.81% Rhode Island: 2.56% Maine: 2.50%

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

Alaska: -22.50% Oregon: -11.64% Florida: -9.55% Nevada: -9.11%            Washington: -8.12%                                                     

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

Texas: 5.44%                Oklahoma: 5.23%                      Wyoming: 2.67%                       West Virginia: 2.38%                 Indiana: 2.07%             

*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.

The data is available in graph format here.

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 Dec. 7, 2015.

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.

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For more information:

Michelle Kersch

Mitch Cohen    

904.854.5043

646.546.5103

michelle.kersch@bkfs.com

mitch@mprg.com

SOURCE Black Knight Financial Services, Inc.



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