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Black Knight Financial Services' First Look at December 2016 Mortgage Data: Foreclosure Rate Fell by 30 Percent in 2016, Most Improvement Of Any Year on Record

01/23/2017

-- The inventory of loans in active foreclosure nationwide declined by more than 200,000 in 2016
-- Delinquencies were down 0.91 percent from November 2016 and 7.5 percent from December 2015
-- December's 59,700 foreclosure starts represented a 24 percent decline from the same time last year
-- Pre-payment activity continues to slow, down 5.5 percent from November

JACKSONVILLE, Fla., Jan. 23, 2017 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at December 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): 4.42%
Month-over-month change: -0.91%
Year-over-year change: - 7.49%

Total U.S. foreclosure pre-sale inventory rate: 0.95%
Month-over-month change: -3.29%
Year-over-year change: - 30.53%

Total U.S. foreclosure starts: 59,700
Month-over-month change: -1.16%
Year-over-year change: -23.56%

Monthly Prepayment Rate (SMM): 1.35%
Month-over-month change: - 5.50%
Year-over-year change: 19.08%

Foreclosure Sales as % of 90+: 1.78%
Month-over-month change: -2.27%
Year-over-year change: -5.20%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,248,000
Month-over-month change: -15,000
Year-over-year change: -160,000

Number of properties that are 90 or more days past due, but not in foreclosure: 682,000
Month-over-month change: 0
Year-over-year change: -126,000

Number of properties in foreclosure pre-sale inventory: 483,000
Month-over-month change: -15,000
Year-over-year change: -206,000

Number of properties that are 30 or more days past due or in foreclosure: 2,731,000
Month-over-month change: -30,000
Year-over-year change: -366,000

Top 5 States by Non-Current* Percentage
Mississippi:      11.36%                       
Louisiana:        10.03%                       
West Virginia:   8.16%             
Alabama:          7.98%             
New Jersey:      7.79%                         

Bottom 5 States by Non-Current* Percentage
Idaho:               3.08%             
Montana:          2.95%             
Minnesota:       2.88%
North Dakota:   2.50%
Colorado:         2.44%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi:      3.44%             
Louisiana:        3.25%             
Alabama:         2.37%             
Arkansas:        2.12%             
Tennessee:      1.97%                                                 

Top 5 States by 6-Month Improvement in Non-Current* Percentage
New Jersey:                 -11.56%                      
Oregon:                        -10.19%                      
Washington:                 -9.31%            
Nevada:                        -8.24%            
District of Columbia:      -7.89%                                                                                           

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Louisiana:         9.24%             
Wyoming:         6.73%             
Kansas:            6.71%             
West Virginia:   5.77%             
Michigan:          5.44%                                     

*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/20170123.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 Feb. 6, 2017.

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) 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

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/black-knight-financial-services-first-look-at-december-2016-mortgage-data-foreclosure-rate-fell-by-30-percent-in-2016-most-improvement-of-any-year-on-record-300394229.html

SOURCE Black Knight Financial Services, Inc.

Investor Contact

Kirk Larsen
Chief Financial Officer
877-880-1990 | investor@bkfs.com

Media Contact

Michelle Kersch
Marketing and Corporate Communications
904-854-5043 | michelle.kersch@bkfs.com

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