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Black Knight Financial Services' First Look at February Mortgage Data: Delinquencies Fully Recover from January Spike, Hit Lowest Level Since April 2007

March 23, 2016

- Delinquency rate down 13 percent month-over-month; down nearly 16 percent year-over-year
- Total non-current inventory falls below 3 million for the first time in over eight years
- California and North Dakota are the only states to see non-current rates rise over the past six months
- Rise in foreclosure starts driven in part by repeat foreclosures in New York, New Jersey and Massachusetts
- Prepayment rate (historically a good indicator of refinance activity) up 10 percent from January's 24-month low

JACKSONVILLE, Fla., March 23, 2016 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at February 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): 4.45%
Month-over-month change: -12.57%
Year-over-year change: -15.93%

Total U.S. foreclosure pre-sale inventory rate: 1.30%
Month-over-month change: -0.64%
Year-over-year change: -24.59%

Total U.S. foreclosure starts: 84,300
Month-over-month change: 17.25%
Year-over-year change: 9.20%

Monthly Prepayment Rate (SMM): 0.89%
Month-over-month change: 10.23%
Year-over-year change: -22.12%

Foreclosure sales as % of 90+: 1.86%
Month-over-month change: -13.99%
Year-over-year change: 14.67%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,252,000
Month-over-month change: -323,000
Year-over-year change: -419,000

Number of properties that are 90 or more days past due, but not in foreclosure: 772,000
Month-over-month change: -59,000
Year-over-year change: -247,000

Number of properties in foreclosure pre-sale inventory: 655,000
Month-over-month change: -4,000
Year-over-year change: -211,000

Number of properties that are 30 or more days past due or in foreclosure: 2,907,000
Month-over-month change: -327,000
Year-over-year change: -630,000

Top 5 States by Non-Current* Percentage
Mississippi:     11.43%                       
New Jersey:     9.72%             
Louisiana:        9.42%             
New York:        8.36%             
Maine:             8.19%

Bottom 5 States by Non-Current* Percentage
Alaska:            3.04%
South Dakota:  2.98%
Minnesota:       2.91%
Colorado:         2.81%
North Dakota:   2.17%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi:       3.85%             
Louisiana:         2.79%             
Alabama:          2.70%             
Arkansas:         2.29%             
Maine:              2.27%             

Top 5 States by 6-Month Improvement in Non-Current* Percentage
Tennessee:       -13.01%                      
Wisconsin:       -11.97%                      
Indiana:            -11.73%                      
Arkansas:         -11.63%                      
Washington:     -11.51%                                                                                  

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
North Dakota:               2.63%            
California:                    1.92%            
Wyoming:                   -3.39%            
Louisiana:                   -3.93%            
District of Columbia:    -4.42%            

*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, 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/20160323.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 April 4, 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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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/black-knight-financial-services-first-look-at-february-mortgage-data-delinquencies-fully-recover-from-january-spike-hit-lowest-level-since-april-2007-300240172.html

SOURCE Black Knight Financial Services, Inc.

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