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

JACKSONVILLE, Fla., June 22, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. 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.

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 todataanalyticsinfo[at]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.