Black Knight Financial Services' First Look at June Mortgage Data: Foreclosure Starts Up for Second Consecutive Month; Prepays Rise on Historically Low Rates

JACKSONVILLE, Fla., July 26, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" atJune 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Total U.S. foreclosure pre-sale inventory rate: 1.10%
Month-over-month change: -2.57%
Year-over-year change: -29.35%

Total U.S. foreclosure starts: 69,300
Month-over-month change: 11.59%
Year-over-year change: -11.27%

Monthly Prepayment Rate (SMM): 1.44%
Month-over-month change: 10.30%
Year-over-year change: 3.24%

Foreclosure Sales as % of 90+: 2.31%
Month-over-month change: 13.54%
Year-over-year change: 20.65%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,178,000
Month-over-month change: 25,000
Year-over-year change: -237,000

Number of properties that are 90 or more days past due, but not in foreclosure: 692,000
Month-over-month change: -27,000
Year-over-year change: -161,000

Number of properties in foreclosure pre-sale inventory: 558,000
Month-over-month change: -16,000
Year-over-year change: -231,000

Number of properties that are 30 or more days past due or in foreclosure: 2,736,000
Month-over-month change: 9,000
Year-over-year change: -468,000

Top 5 States by Non-Current* Percentage

• Mississippi: 11.19%
• Louisiana: 9.18%
• New Jersey: 8.81%
• Alabama: 7.97%
• Maine: 7.83%

Bottom 5 States by Non-Current* Percentage

• Montana: 3.04%
• South Dakota: 3.04%
• Minnesota: 2.78%
• Colorado: 2.60%
• North Dakota: 2.39%

Top 5 States by 90+ Days Delinquent Percentage

• Mississippi: 3.56%
• Louisiana: 2.65%
• Alabama: 2.44%
• Arkansas: 2.09%
• Tennessee: 2.02%

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

• Nevada: -16.09%
• Washington: -15.91%
• Florida: -15.79%
• Arizona: -14.27%
• Oregon: -13.90%

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

• Alaska: 12.75%
• North Dakota: 10.49%
• Wyoming: 4.18%
• Vermont: -6.69%
• Louisiana: -7.29%

*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/20160726.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 Aug. 1, 2016.

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.