Black Knight Financial Services' First Look at November Mortgage Data: Foreclosure Starts Hit Nine-Year Low; Fewer than 700,000 Active Foreclosures Remain

JACKSONVILLE, Fla., Dec. 23, 2015 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at November 2015 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 4.92%

• Month-over-month change: 3.18%
• Year-over-year change: -18.26%

Total U.S. foreclosure pre-sale inventory rate: 1.38%

• Month-over-month change: -3.24%
• Year-over-year change: -21.24%

Total U.S. foreclosure starts: 66,600

• Month-over-month change: -9.02%
• Year-over-year change: -9.76%

Monthly Prepayment Rate (SMM): 0.92%

• Month-over-month change: -15.70%
• Year-over-year change: 0.39%

Foreclosure Sales as % of 90+: 1.77%

• Month-over-month change: -12.86%
• Year-over-year change: 25.48%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,491,000

• Month-over-month change: 76,000
• Year-over-year change: -546,000

Number of properties that are 90 or more days past due, but not in foreclosure: 827,000

• Month-over-month change: 7,000
• Year-over-year change: -293,000

Number of properties in foreclosure pre-sale inventory: 698,000

• Month-over-month change: -23,000
• Year-over-year change: -185,000

Number of properties that are 30 or more days past due or in foreclosure: 3,189,000

• Month-over-month change: 53,000
• Year-over-year change: -732,000

Top 5 States by Non-Current* Percentage

• Mississippi: 12.57%
• New Jersey: 10.47%
• Louisiana: 10.03%
• New York: 9.03%
• Maine: 8.96%

Bottom 5 States by Non-Current* Percentage

• South Dakota: 3.37%
• Minnesota: 3.23%
• Colorado: 3.03%
• Alaska: 2.93%
• North Dakota: 2.21%

Top 5 States by 90+ Days Delinquent Percentage

• Mississippi: 4.11%
• Louisiana: 2.93%
• Alabama: 2.85%
• Rhode Island: 2.48%
• Maine: 2.47%

Top 5 States by 6-Month Improvement in Non-Current* Percentage

• Alaska: -15.66%
• Oregon: -10.20%
• New Hampshire: -7.67%
• Florida: -7.60%
• Nebraska: -6.81%

Top 5 States by 6-Month Deterioration in Non-Current* Percentage

• Texas: 3.43%
• California: 3.02%
• Arizona: 2.64%
• Wyoming: 2.55%
• Oklahoma: 2.45%

*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.

For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20151223.aspx

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 detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online by Jan. 11, 2016.

About Black Knight Financial Services, Inc.

Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE:FNF) company, is a 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 a 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. For more information on Black Knight Financial Services, please visit www.bkfs.com.