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Black Knight Financial Services’ “First Look” at November 2015     Mortgage Data  

Foreclosure Starts Hit Nine-Year Low; Fewer than 700,000 Active Foreclosures Remain

December 23, 2015

  • ​​66,600 foreclosure starts in November mark the lowest one-month total since April 2006
  • Foreclosure inventory down 185,000 from one year ago; fewer than 700,000 active foreclosures remaining
  • Seasonal increase seen in 90-day defaults; 90-day delinquent inventory up 7,000 from one month ago
  • Prepayment rate (historically a good indicator of refinance activity) down sharply in November; 16 percent below October’s rate

JACKSONVILLE, Fla. – Dec. 23, 2015 – The Data and Analytics division of Black Knight Financial Services (NYSE: BKFS) reports the following “first look” at November 2015 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.​

 

BKFS Mortgage Monitor – “First Look” at November 2015 data – chart 1
 


BKFS Mortgage Monitor – “First Look” at November 2015 data – chart 2
 


BKFS Mortgage Monitor – “First Look” at November 2015 data – chart 3
 


BKFS Mortgage Monitor – “First Look” at November 2015 data – chart 4
 


BKFS Mortgage Monitor – “First Look” at November 2015 data – chart 5
 


BKFS Mortgage Monitor – “First Look” at November 2015 data – chart 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 ar​e 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 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 Jan. 11, 2016.

Graphics shown in this release may be viewed and downloaded here.​​

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

 

About Black Knight Financial Services, Inc.

Black Knight Financial Services (NYSE: BKFS), 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 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.

Media Contact: Michelle Kersch, 904.854.5043, Michelle.Kersch@BKFS.com
Media Contact: Mitch Cohen, 646.546.5103, Mitch@MPRG.com

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