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

Post-‘Brexit’ Prepay Activity Remains Strong; Foreclosure Rate Falls to Nine-Year Low

October 25, 2016

  • Despite declining from August, September saw the third highest prepayment rate in three years
  • September’s less-than-one-percent seasonal increase in the delinquency rate was relatively mild by historical standards
  • At one percent, the rate of all mortgages that are in active foreclosure fell to its lowest point in nine years
  • Non-current mortgage rates continue to struggle in oil states, with Alaska and Wyoming seeing the largest increases over the past six months

JACKSONVILLE, Fla. – October 25, 2016 – The Data and Analytics division of Black Knight Financial Services (NYSE: BKFS) reports the following “first look” at September 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 September 2016 data – chart 1
 


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


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


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


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


BKFS Mortgage Monitor – “First Look” at September 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 November 7, 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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