Black Knight: Foreclosure Rate Fell by 30 Percent in 2016, Most Improvement of Any Year on Record

JACKSONVILLE, Fla., Jan. 23, 2017 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at December 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): 4.42%
Month-over-month change: -0.91%
Year-over-year change: - 7.49%

Total U.S. foreclosure pre-sale inventory rate: 0.95%
Month-over-month change: -3.29%
Year-over-year change: - 30.53%

Total U.S. foreclosure starts: 59,700
Month-over-month change: -1.16%
Year-over-year change: -23.56%

Monthly Prepayment Rate (SMM): 1.35%
Month-over-month change: - 5.50%
Year-over-year change: 19.08%

Foreclosure Sales as % of 90+: 1.78%
Month-over-month change: -2.27%
Year-over-year change: -5.20%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,248,000
Month-over-month change: -15,000
Year-over-year change: -160,000

Number of properties that are 90 or more days past due, but not in foreclosure: 682,000
Month-over-month change: 0
Year-over-year change: -126,000

Number of properties in foreclosure pre-sale inventory: 483,000
Month-over-month change: -15,000
Year-over-year change: -206,000

Number of properties that are 30 or more days past due or in foreclosure: 2,731,000
Month-over-month change: -30,000
Year-over-year change: -366,000

Top 5 States by Non-Current* Percentage
Mississippi:      11.36%
Louisiana:        10.03%
West Virginia:   8.16%
Alabama:          7.98%
New Jersey:      7.79%

Bottom 5 States by Non-Current* Percentage
Idaho:               3.08%
Montana:          2.95%
Minnesota:       2.88%
North Dakota:   2.50%
Colorado:         2.44%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi:      3.44%
Louisiana:        3.25%
Alabama:         2.37%
Arkansas:        2.12%
Tennessee:      1.97%

Top 5 States by 6-Month Improvement in Non-Current* Percentage
New Jersey:                 -11.56%
Oregon:                        -10.19%
Washington:                 -9.31%
Nevada:                        -8.24%
District of Columbia:      -7.89%

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Louisiana:         9.24%
Wyoming:         6.73%
Kansas:            6.71%
West Virginia:   5.77%
Michigan:          5.44%

*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/20170123.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 here by Feb. 6, 2017.

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.