Black Knight Financial Services' First Look at November 2016 Mortgage Data: Foreclosure Starts Up from October, But Still Near 10-Year Lows

JACKSONVILLE, Fla., Dec. 22, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at November 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): 4.46%
Month-over-month change: 2.55%
Year-over-year change: - 9.43%

Total U.S. foreclosure pre-sale inventory rate: 0.98%
Month-over-month change: -1.35%
Year-over-year change: - 28.88%

Total U.S. foreclosure starts: 60,400
Month-over-month change: 6.90%
Year-over-year change: - 9.31%

Monthly Prepayment Rate (SMM): 1.43%
Month-over-month change: - 4.20%
Year-over-year change: 56.07%

Foreclosure Sales as % of 90+: 1.82%
Month-over-month change: 6.95%
Year-over-year change: 2.70%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,263,000
Month-over-month change: 61,000
Year-over-year change: -228,000

Number of properties that are 90 or more days past due, but not in foreclosure: 682,000
Month-over-month change: 5,000
Year-over-year change: -145,000

Number of properties in foreclosure pre-sale inventory: 498,000
Month-over-month change: -6,000
Year-over-year change: -200,000

Number of properties that are 30 or more days past due or in foreclosure: 2,761,000
Month-over-month change: 55,000
Year-over-year change: -428,000

Top 5 States by Non-Current* Percentage
Mississippi:      11.56%
Louisiana:        10.09%
New Jersey:     8.20%
Alabama:         8.06%
West Virginia:  7.94%

Bottom 5 States by Non-Current* Percentage
Idaho:              3.13%
Montana:         2.92%
Minnesota:       2.87%
Colorado:         2.51%
North Dakota: 2.35%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi:      3.45%
Louisiana:        3.23%
Alabama:         2.41%
Arkansas:         2.11%
Tennessee:       1.96%

Top 5 States by 6-Month Improvement in Non-Current* Percentage
Oregon:            -9.11%
Washington:     -7.57%
New Jersey:     -7.41%
Nevada:           -7.18%
Hawaii:            -6.69%

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Louisiana:        10.59%
Wyoming:        10.08%
South Dakota:  8.34%
Nebraska:        7.89%
Iowa:               7.45%

*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.

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 Jan. 9, 2017.

For more information about gaining access to Black Knight's loan-level database, please send an email to dataanalyticsinfo(at)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.