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

Prepayment Activity Continues to Decline, Down 40 Percent So Far in 2017

March 23, 2017

  • Prepayment speeds (historically a good indicator of refinance activity) declined 15 percent in February, marking a 40 percent overall year-to-date decline and the lowest monthly rate in three years
  • Delinquencies continued their seasonal decline, ticking down .98 percent from January
  • Foreclosure starts fell 18 percent from last month to 31 percent below last year’s levels
  • Active foreclosure inventory now stands at 470,000, the lowest such level since June 2007

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


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


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


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


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


BKFS Mortgage Monitor – “First Look” at February 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 April 3, 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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