Post-'Brexit' Prepay Activity Remains Strong; Foreclosure Rate Falls to Nine-Year Low

JACKSONVILLE, Fla., Oct. 25, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" atSeptember 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): 4.27%
Month-over-month change: 0.74%
Year-over-year change: -12.24%

Total U.S. foreclosure pre-sale inventory rate: 1.00%
Month-over-month change: -3.38%
Year-over-year change: -31.23%

Total U.S. foreclosure starts: 61,700
Month-over-month change: -10.32%
Year-over-year change: -22.78%

Monthly Prepayment Rate (SMM): 1.54%
Month-over-month change: -7.59%
Year-over-year change: 43.22%

Foreclosure Sales as % of 90+: 2.03%
Month-over-month change: -5.82%
Year-over-year change: 2.47%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,165,000
Month-over-month change: 14,000
Year-over-year change: -292,000

Number of properties that are 90 or more days past due, but not in foreclosure: 668,000
Month-over-month change: -1,000
Year-over-year change: -149,000

Number of properties in foreclosure pre-sale inventory: 509,000
Month-over-month change: -18,000
Year-over-year change: -228,000

Number of properties that are 30 or more days past due or in foreclosure: 2,674,000
Month-over-month change: -4,000
Year-over-year change: -520,000

Top 5 States by Non-Current* Percentage

• Mississippi: 11.16%
• Louisiana: 10.32%
• New Jersey: 8.13%
• Alabama: 7.85%
• West Virginia: 7.72%

Bottom 5 States by Non-Current* Percentage

• South Dakota: 2.95%
• Montana: 2.88%
• Minnesota: 2.75%
• Colorado: 2.44%
• North Dakota: 2.23%

Top 5 States by 90+ Days Delinquent Percentage

• Mississippi: 3.43%
• Louisiana: 2.80%
• Alabama: 2.33%
• Arkansas: 2.01%
• Tennessee: 1.94%

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

• Hawaii: -12.72%
• Nevada: -11.64%
• Oregon: -11.47%
• New Jersey: -10.46%
• Washington: -9.32%

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

• Alaska: 20.37%
• Wyoming: 18.91%
• Louisiana: 16.10%
• North Dakota: 10.67%
• Michigan: 8.49%

*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 at http://www.blackknightcompanies.com/CorporateInformation/NewsRoom/Pages/20161025.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 November 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.