Black Knight's First Look at August Mortgage Data: Prepayments Skyrocket, Fueled by Post-'Brexit' Activity, Hit Highest Single-Month Rate in Over Three Years

JACKSONVILLE, Fla., Sept. 22, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at August 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): 4.24%
Month-over-month change: -6.04%
Year-over-year change: -11.41%

Total U.S. foreclosure pre-sale inventory rate: 1.04%
Month-over-month change: -4.25%
Year-over-year change: -29.91%

Total U.S. foreclosure starts: 68,800
Month-over-month change: 12.23%
Year-over-year change: -9.71%

Monthly Prepayment Rate (SMM): 1.67%
Month-over-month change: 31.70%
Year-over-year change: 52.27%

Foreclosure Sales as % of 90+: 2.15%
Month-over-month change: 8.15%
Year-over-year change: 20.26%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,151,000
Month-over-month change: -135,000
Year-over-year change: -262,000

Number of properties that are 90 or more days past due, but not in foreclosure: 669,000
Month-over-month change: -26,000
Year-over-year change: -156,000

Number of properties in foreclosure pre-sale inventory: 527,000
Month-over-month change: -23,000
Year-over-year change: -221,000

Number of properties that are 30 or more days past due or in foreclosure: 2,678,000
Month-over-month change: -158,000
Year-over-year change: -483,000

Top 5 States by Non-Current* Percentage
Mississippi: 11.09%
Louisiana: 9.79%
New Jersey: 8.28%
Alabama: 7.82%
West Virginia: 7.81%

Bottom 5 States by Non-Current* Percentage
South Dakota: 3.03%
Montana: 2.93%
Minnesota: 2.76%
Colorado: 2.43%
North Dakota: 2.25%

Top 5 States by 90+ Days Delinquent Percentage
Mississippi: 3.48%
Louisiana: 2.75%
Alabama: 2.35%
Arkansas: 2.01%
Tennessee: 1.94%

Top 5 States by 6-Month Improvement in Non-Current* Percentage
Oregon: -17.44%
Nevada: -16.60%
New Jersey: -14.81%
Hawaii: -14.71%
Washington: -14.33%

Top 5 States by 6-Month Deterioration in Non-Current* Percentage
Wyoming: 9.25%
Alaska: 7.98%
Louisiana: 3.95%
North Dakota: 3.71%
South Dakota: 1.68%

*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/20160922.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 Oct. 3, 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.