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Black Knight Financial Services’ “First Look” at August 2014 Mortgage Data

Delinquency Rate Jumps Nearly 5 Percent; Highest Point Since February

September 25, 2014

  • Delinquent inventory increases by 146,000 from July; majority are early-stage delinquencies
  • Foreclosure starts decline for first time in 5 months; down 10 percent from July, 24 percent year-over-year
  • At 913,000, foreclosure inventory count lowest since March 2008
  • Prepayment rate drops more than 8 percent after five consecutive monthly increases

JACKSONVILLE, Fla. – Sept. 25, 2014 – The Data and Analytics division of Black Knight Financial Services reports the following “first look” at August 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately two-thirds of the overall market.

BKFS Data & Analytics’ “First Look” at August 2014 Mortgage Data - Table 1 

BKFS Data & Analytics’ “First Look” at August 2014 Mortgage Data - Table 2 

BKFS Data & Analytics’ “First Look” at August 2014 Mortgage Data - Table 3 

BKFS Data & Analytics’ “First Look” at August 2014 Mortgage Data - Table 4 

BKFS Data & Analytics’ “First Look” at August 2014 Mortgage Data - Table 5 

BKFS Data & Analytics’ “First Look” at August 2014 Mortgage Data - Table 6

*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.

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 in-depth 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. 6, 2014.

To view and download the graphics within this release, click here.​​

For more information about gaining access to Black Knight’s loan-level database, please send an e-mail to DataAnalyticsInfo@BKFS.com.

About Black Knight Financial Services, LL​C

Black Knight Financial Services, a Fidelity National Financial (NYSE:FNF) company, is the mortgage and finance industries’ 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 the premier business partner that lenders and servicers rely onto 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​.​

Media Contact: Michelle Kersch, 904.854.5043, Michelle.Kersch@BKFS.com

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