January Mortgage Data: Delinquencies Up Sharply; Prepayment Rate Drops

JACKSONVILLE, Fla., Feb. 22, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at January 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): 5.09%

• Month-over-month change: 6.62%
• Year-over-year change: -7.10%

Total U.S. foreclosure pre-sale inventory rate: 1.30%

• Month-over-month change: -4.53%
• Year-over-year change: -25.69%

Total U.S. foreclosure starts: 71,900

• Month-over-month change: -7.94%
• Year-over-year change: -22.94%

Monthly Prepayment Rate (SMM): 0.81%

• Month-over-month change: -28.67%
• Year-over-year change: -7.88%

Foreclosure Sales as % of 90+: 2.17%

• Month-over-month change: 15.61%
• Year-over-year change: 24.76%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,575,000

• Month-over-month change: 167,000
• Year-over-year change: -189,000

Number of properties that are 90 or more days past due, but not in foreclosure: 831,000

• Month-over-month change: 23,000
• Year-over-year change: -229,000

Number of properties in foreclosure pre-sale inventory: 659,000

• Month-over-month change: -30,000
• Year-over-year change: -226,000

Number of properties that are 30 or more days past due or in foreclosure: 3,234,000

• Month-over-month change: 137,000
• Year-over-year change: -415,000

Top 5 States by Non-Current* Percentage

• Mississippi:        13.00%
• Louisiana:          10.49%
• New Jersey:       10.38%
• Alabama:             9.25%
• West Virginia:      9.19%

Bottom 5 States by Non-Current* Percentage

• South Dakota:    3.50%
• Minnesota:         3.29%
• Alaska:              3.24%
• Colorado:           3.03%
• North Dakota:     2.41%

Top 5 States by 90+ Days Delinquent Percentage

• Mississippi:        4.11%
• Louisiana:          2.95%
• Alabama:           2.86%
• Maine:               2.55%
• Tennessee:        2.42%

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

• Oregon:             -4.73%
• Washington       -4.42%
• Nevada:             -3.57%
• Florida:              -3.51%
• Hawaii:              -2.01%

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

• North Dakota:    14.54%
• West Virginia:    11.71%
• Arizona:              9.74%
• Virginia:              9.57%
• California:            9.42%

*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.

For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom.

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 March 7, 2016.

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.