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

Easing Interest Rates Spur Increase in Prepayment Activity; Delinquencies Pull Back After April’s Increase

June 22, 2017

  • Prepayments (historically a good indicator of refinance activity) jumped 23 percent month-over-month, reaching their highest point so far in 2017
  • Delinquencies reversed course after calendar-driven increase in April, seeing a 7 percent month-over-month decline
  • Inventory of loans either seriously delinquent (90 or more days past due) or in active foreclosure continues to improve, with both hitting 10-year lows in May​
  • Just 2.12 percent of Colorado borrowers are past due on mortgage payments, the lowest of any state; Mississippi has the highest non-current rate of any state at 10.16 percent

JACKSONVILLE, Fla. – June 22, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKFS) reports the following “first look” at May 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 May 2017 data – chart 1

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

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


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


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


BKFS Mortgage Monitor – “First Look” at May 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 July 10, 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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