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Black Knight Financial Services’ First Look at January 2017     Mortgage Data   

Impact of Rising Rates Felt as Prepayments Decline by 30 Percent in January

February 23, 2017

  • Prepayment speeds (historically a good indicator of refinance activity) declined by 30 percent in January to the lowest level since February 2016
  • Delinquencies improved by 3.9 percent from December and were down 17 percent from January 2016
  • Foreclosure starts rose 18 percent for the month; January’s 70,400 starts were the most since March 2016
  • 2.6 million borrowers are behind on mortgage payments, the lowest number since August 2006, immediately following the pre-crisis national peak in home prices

JACKSONVILLE, Fla. – February 23, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKFS) reports the following “first look” at January 2017 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 January 2017 data – chart 1
 


BKFS Mortgage Monitor – “First Look” at January 2017 data – chart 2
 


BKFS Mortgage Monitor – “First Look” at January 2017 data – chart 3
 


BKFS Mortgage Monitor – “First Look” at January 2017 data – chart 4
 


BKFS Mortgage Monitor – “First Look” at January 2017 data – chart 5
 


BKFS Mortgage Monitor – “First Look” at January 2017 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/Mortg​age-Monitor.aspx by March​​ 6, 2017.

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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