Black Knight Financial Services' First Look at February Mortgage Data: Prepayment Activity Continues to Decline, Down 40 Percent So Far in 2017

JACKSONVILLE, Fla., March 23, 2017 /PRNewswire/ -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) reports the following "first look" at February 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): 4.21%
Month-over-month change: -0.98%
Year-over-year change: -5.51%

Total U.S. foreclosure pre-sale inventory rate: 0.93%
Month-over-month change: -1.88%
Year-over-year change: -28.48%

Total U.S. foreclosure starts: 57,900
Month-over-month change: -17.76%
Year-over-year change: -31.32%

Monthly Prepayment Rate (SMM): 0.80%
Month-over-month change: -15.26%
Year-over-year change: -9.94%

Foreclosure Sales as % of 90+: 1.87%
Month-over-month change: -16.23%
Year-over-year change: 0.22%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,135,000
Month-over-month change: -27,000
Year-over-year change: -117,000

Number of properties that are 90 or more days past due, but not in foreclosure: 641,000
Month-over-month change: -23,000
Year-over-year change: -131,000

Number of properties in foreclosure pre-sale inventory: 470,000
Month-over-month change: -11,000
Year-over-year change: -185,000

Number of properties that are 30 or more days past due or in foreclosure: 2,605,000
Month-over-month change: -38,000
Year-over-year change: -302,000

*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/20170323.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 April 3, 2017.

For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected].

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.

SOURCE Black Knight Financial Services, Inc.

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