Black Knight Financial Services' First Look at May Mortgage Data: Reduction in Foreclosure Inventory Picking Up Speed, Down 29 Percent from Last Year

JACKSONVILLE, Fla., June 22, 2016 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at May 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

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Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.25%  
Month-over-month change: 0.36%  
Year-over-year change: -13.47%

Total U.S. foreclosure pre-sale inventory rate: 1.13%  
Month-over-month change: -3.55%  
Year-over-year change: -28.78%

Total U.S. foreclosure starts: 62,100  
Month-over-month change: 5.79%  
Year-over-year change: -19.77%  

Monthly Prepayment Rate (SMM): 1.30%  
Month-over-month change: 3.31%  
Year-over-year change: -2.40%

Foreclosure Sales as % of 90+: 2.03%   
Month-over-month change: -4.58%   
Year-over-year change: -1.85%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,153,000   
Month-over-month change: 7,000   
Year-over-year change: -325,000  

Number of properties that are 90 or more days past due, but not in foreclosure: 719,000   
Month-over-month change: -11,000   
Year-over-year change: -160,000

Number of properties in foreclosure pre-sale inventory: 574,000    
Month-over-month change: -21,000   
Year-over-year change: -229,000  

Number of properties that are 30 or more days past due or in foreclosure: 2,727,000   
Month-over-month change: -14,000   
Year-over-year change: -553,000   

Top 5 States by Non-Current* Percentage    
Mississippi:     11.09%                        
Louisiana:        9.13%             
New Jersey:     8.86%   
Maine:             7.85%              
Alabama:         7.85%             

Bottom 5 States by Non-Current* Percentage    
Montana:         3.03%   
South Dakota:  2.92%   
Minnesota:       2.71%   
Colorado:         2.57%   
North Dakota:   2.33%

Top 5 States by 90+ Days Delinquent Percentage    
Mississippi:      3.68%             
Louisiana:         2.79%             
Alabama:          2.55%             
Arkansas:         2.11%   
Rhode Island:    2.11%             

Top 5 States by 6-Month Improvement in Non-Current* Percentage   
Washington:     -18.73%             
Nebraska:        -18.61%                      
Florida:            -17.93%                      
Nevada:           -17.63%      
Arizona:          -16.26%                                                                                                          

Top 5 States by 6-Month Deterioration in Non-Current* Percentage      
North Dakota:    5.32%             
Alaska:             5.25%             
Wyoming:        -1.06%            
Louisiana:        -9.04%       
Vermont:         -10.14%                                  

*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/20160622.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 July 11, 2016.

For more information about gaining access to Black Knight's loan-level database, please send an email to dataanalyticsinfo@bkfs.com.

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.

For more information:

Michelle Kersch  
904.854.5043     
michelle.kersch@bkfs.com                                                                         

Mitch Cohen  
646.546.5103    
mitch@mprg.com  

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/black-knight-financial-services-first-look-at-may-mortgage-data-reduction-in-foreclosure-inventory-picking-up-speed-down-29-percent-from-last-year-300288477.html

SOURCE Black Knight Financial Services, Inc.

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