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Black Knight's First Look at August 2017 Mortgage Data   

Hurricane Harvey Impact Already Being Felt in the Mortgage Market as Delinquencies Jump 16 Percent in Affected Areas

September 21, 2017

  • Nationally, delinquencies remained relatively flat from July, while delinquencies in Hurricane Harvey- impacted areas rose by 16 percent month over month
  • Despite most payments being due August 1, and the storm making landfall near the end of the month, its effect on mortgage delinquencies is already being felt
  • Over 6,700 new 30-day delinquencies can be attributed to Harvey, while an additional 1,000 borrowers who were already 30-days past due missed an additional mortgage payment in August as a result of the storm
  • Based on observations from previous hurricanes, the heaviest impact on mortgage delinquency rates will come in September

JACKSONVILLE, Fla. – September 21, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKFS) reports the following “first look” at August 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 August 2017 data – chart 1

 


BKFS Mortgage Monitor – “First Look” at August 2017 data – chart 6
 


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


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

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

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

 

*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 October 2, 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, 646.926.7741, Mitch@MPRG.com ​​​​​​​​​​​​​​​​​​​​​​​​​​

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