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Black Knight Financial Services’ First Look at August 2016     Mortgage Data  

Prepayments Skyrocket, Fueled by Post-‘Brexit’ Activity, Hit Highest Single-Month Rate in Over Three Years

September 22, 2016

  • Monthly prepayment rate (historically a good indicator of refinance activity) increased by 32 percent month-over-month
  • August’s prepayment rate of 1.67 percent is the highest Single Month Mortality (SMM) rate in over three years
  • Delinquencies fully recovered from July’s spike, falling 6 percent (-135,000) from one month ago
  • Inventory of loans in​ foreclosure has now declined for 19 consecutive months and in 51 of the past 52 months

JACKSONVILLE, Fla. – September 22, 2016 – The Data and Analytics division of Black Knight Financial Services (NYSE: BKFS) 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.​

 

BKFS Mortgage Monitor – “First Look” at August 2016 data – chart 1
 


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


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


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


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


BKFS Mortgage Monitor – “First Look” at August 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 October 3, 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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