Black Knight Financial Services' First Look at July Mortgage Data: Delinquencies Continue Seasonal Climb; Prepayments Defy Historically Low Interest Rates, Growing Refinanceable Population

JACKSONVILLE, Fla., Aug. 22, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" atJuly 2016 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): 4.51%
Month-over-month change: 4.78%
Year-over-year change: -3.38%

Total U.S. foreclosure pre-sale inventory rate: 1.09%
Month-over-month change: -1.68%
Year-over-year change: -28.36%

Total U.S. foreclosure starts: 61,300
Month-over-month change: -11.54%
Year-over-year change: -14.27%

Monthly Prepayment Rate (SMM): 1.26%
Month-over-month change: -11.98%
Year-over-year change: -1.00%

Foreclosure Sales as % of 90+: 1.99%
Month-over-month change: -13.65%
Year-over-year change: 1.05%

Number of properties that are 30 or more days past due, but not in foreclosure: 2,286,000
Month-over-month change: 108,000
Year-over-year change: -70,000

Number of properties that are 90 or more days past due, but not in foreclosure: 695,000
Month-over-month change: 3,000
Year-over-year change: -147,000

Number of properties in foreclosure pre-sale inventory: 550,000
Month-over-month change: -8,000
Year-over-year change: -214,000

Number of properties that are 30 or more days past due or in foreclosure: 2,836,000
Month-over-month change: 100,000
Year-over-year change: -284,000

Top 5 States by Non-Current* Percentage

• Mississippi: 11.67%
• Louisiana: 9.63%
• New Jersey: 8.95%
• West Virginia: 8.34%
• Alabama: 8.21%

Bottom 5 States by Non-Current* Percentage

• South Dakota: 3.13%
• Montana: 3.13%
• Minnesota: 2.92%
• Colorado: 2.71%
• North Dakota: 2.56%

Top 5 States by 90+ Days Delinquent Percentage

• Mississippi: 3.56%
• Louisiana: 2.69%
• Alabama: 2.45%
• Arkansas: 2.06%
• Tennessee: 2.04%

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

• Nevada: -17.28%
• Nebraska: -15.41%
• Florida: -15.33%
• Washington: -15.13%
• Oregon: -14.91%

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

• North Dakota: 6.21%
• Alaska: 4.72%
• Wyoming: 2.27%
• Louisiana: -8.21%
• Vermont: -9.23%

*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/20160822.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 at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/Mortgage-Monitor.aspx by Sept. 6, 2016.

For more information about gaining access to Black Knight's loan-level database, please send an email to dataanalyticsinfo(at)bkfs.com.

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.