2015 Ends with 22 Percent Improvement in Foreclosure Inventory, 15 Percent Decline in Delinquencies

JACKSONVILLE, Florida, January 22, 2016 — The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at December 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): 4.78%

• Month-over-month change: -2.99%
• Year-over-year change: -14.98%

Total U.S. foreclosure pre-sale inventory rate: 1.37%

• Month-over-month change: -1.00%
• Year-over-year change: -21.85%

Total U.S. foreclosure starts: 78,100

• Month-over-month change: 17.27%
• Year-over-year change: -14.64%

Monthly Prepayment Rate (SMM): 1.14%

• Month-over-month change: 23.85%
• Year-over-year change: 1.29%

Foreclosure Sales as % of 90+: 1.87%

• Month-over-month change: 5.87%
• Year-over-year change: 27.82%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,408,000

• Month-over-month change: -83,000
• Year-over-year change: -425,000

Number of properties that are 90 or more days past due, but not in foreclosure: 808,000

• Month-over-month change: -19,000
• Year-over-year change: -280,000

Number of properties in foreclosure pre-sale inventory: 689,000

• Month-over-month change: -9,000
• Year-over-year change: -192,000

Number of properties that are 30 or more days past due or in foreclosure: 3,097,000

• Month-over-month change: -92,000
• Year-over-year change: -618,000

Top 5 States by Non-Current* Percentage

• Mississippi: 12.33%
• New Jersey: 10.13%
• Louisiana: 9.90%
• Maine: 8.90%
• New York: 8.79%

Bottom 5 States by Non-Current* Percentage

• South Dakota: 3.31%
• Minnesota: 3.15%
• Colorado: 2.90%
• Alaska: 2.88%
• North Dakota: 2.17%

Top 5 States by 90+ Days Delinquent Percentage

• Mississippi: 4.06%
• Louisiana: 2.89%
• Alabama: 2.81%
• Maine: 2.48%
• Arkansas: 2.38%

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

• Alaska: -14.10%
• Oregon: -10.87%
• Washington: -8.70%
• Florida: -7.52%
• Colorado: -7.40%

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

• Arizona: 3.18%
• Texas: 2.92%
• California: 1.54%
• Louisiana: 1.46%
• West Virginia: 1.34%

*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 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. 1, 2016.

About Black Knight Financial Services, Inc.

Black Knight Financial Services, Inc., a Fidelity National Financial 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.