Black Knight Financial Services' First Look at January Mortgage Data: Impact of Rising Rates Felt as Prepayments Decline by 30 Percent in January

JACKSONVILLE, Fla., Feb. 23, 2017 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at January 2017 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): 4.25%
Month-over-month change: -3.85%
Year-over-year change: -16.57%

Total U.S. foreclosure pre-sale inventory rate: 0.94%
Month-over-month change: -0.46%
Year-over-year change: -27.57%

Total U.S. foreclosure starts: 70,400
Month-over-month change: 17.92%
Year-over-year change: -2.09%

Monthly Prepayment Rate (SMM): 0.95%
Month-over-month change: -29.83%
Year-over-year change: 17.15%

Foreclosure Sales as % of 90+: 2.23%
Month-over-month change: 25.51%
Year-over-year change: 2.91%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,162,000
Month-over-month change: -86,000
Year-over-year change: -413,000

Number of properties that are 90 or more days past due, but not in foreclosure: 664,000Month-over-month change: -18,000
Year-over-year change: -167,000

Number of properties in foreclosure pre-sale inventory: 481,000
Month-over-month change: -2,000
Year-over-year change: -178,000

Number of properties that are 30 or more days past due or in foreclosure: 2,643,000
Month-over-month change: -88,000
Year-over-year change: -591,000

Top 5 States by Non-Current* Percentage

Bottom 5 States by Non-Current* Percentage

Top 5 States by 90+ Days Delinquent Percentage

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

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

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:

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/20170223.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 March 6, 2017.

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) 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.

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SOURCE Black Knight Financial Services, Inc.