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Black Knight Financial Services' "First Look" at April 2016     Mortgage Data  

Lowest Number of Foreclosure Starts in 10 Years; Prepay Activity Falls Despite Low Rates

May 24, 2016
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  • At 58,700 April saw the lowest number of foreclosure starts since April 2006
  • National delinquency rate is up from a 9-year low in March, but still 10 percent below last year’s level
  • Prepayment speeds (historically a good indicator of refinance activity) fell in April, despite interest rates being near 3-year lows
  • Active foreclosure inventory has now dropped below 600,000 for the first time since 2007

JACKSONVILLE, Fla. – May 24, 2016 – The Data and Analytics division of Black Knight Financial Services (NYSE: BKFS) reports the following “first look” at April 2016 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 April 2016 data – chart 1
 


BKFS Mortgage Monitor – “First Look” at April 2016 data – chart 2
 


BKFS Mortgage Monitor – “First Look” at April 2016 data – chart 3
 


BKFS Mortgage Monitor – “First Look” at April 2016 data – chart 4
 


BKFS Mortgage Monitor – “First Look” at April 2016 data – chart 5
 


BKFS Mortgage Monitor – “First Look” at April 2016 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 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 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 June 6, 2016.

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

For more information about gaining access to Black Knight’s loan-level database, please send an email to 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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