Restb.ai AI-powered computer vision technology offers lenders, appraisers image validation solution designed for GSE-compliance
Dallas, Texas – November 30, 2023 – National banks and mortgage lenders are scrambling to incorporate image recognition into their appraisal review process, as the leading Government Sponsored Enterprise announced it will use "image recognition" to detect incorrect quality and condition ratings. Restb.ai, real estate's leading AI-powered computer vision solutions provider, offers mortgage originators and appraisal management companies (AMCs) a GSE-compliant image validation solution with its computer vision technology. GSEs require appraisal reports to include interior and exterior photos of subject properties. However, they only require one exterior front photo for each comparable. Recently, Fannie Mae analyzed more than a million appraisals using image recognition technology to compare appraisal reports to interior photos of comparables for comparing condition ratings. The differences in ratings were so significant that Fannie Mae is now using image recognition to detect condition errors. With the GSE moves, mortgage lenders and appraisal firms seek to reduce condition errors by adopting computer vision technology into the appraisal process. Recently, Fannie Mae noted image recognition technology was able to identify appraisal defects with 98% accuracy and significantly increase its efficiency, noting the new technology found "many defects that were previously impossible" for it to detect, adding that incorrect condition ratings can lead to missing or faulty adjustments to comparable sales, resulting in unsupported, inaccurate appraisals. "When the GSEs talk, lenders and appraisers listen – and act," said Tony Pistilli, General Manager, Valuations for Restb.ai, an appraisal industry veteran and respected valuation expert. "Image recognition is now a must-have. If Fannie Mae is doing it, appraisal providers and lenders need to be doing it too," he added. The significant shift by the secondary market to evaluate internal photos for quality and condition has resulted in rejecting appraisals when comparables are used without the appropriate adjustments. "Lenders and AMCs can immediately benefit by reducing the number of appraisal corrections, mitigating loan repurchase risk, and improving appraisal turn times and increasing appraisal quality by adopting our computer vision solution," said Nathan Brannen, Chief Product Officer for Restb.ai. "Computer vision can be a trusted source for quality and condition ratings, identifying property damage, home features not mentioned in the appraisal, and most importantly, protect the lender and appraisal provider by validating information in the appraisal," he added. In August, Restb.ai launched its Valuation Product Suite, which leverages its deep expertise in computer vision for real estate to offer an array of solutions designed to expedite the modernization of property appraisals. Details about the Restb.ai computer vision solutions and its Valuation Product Suite are online here. About Restb.ai Restb.ai, the leader in AI-powered computer vision for real estate, provides image recognition and data enrichment solutions for many of the industry's top brands and leading innovators. Its advanced AI-powered technology automatically analyzes property imagery to unlock visual insights at scale that empower real estate companies with relevant and actionable property intelligence. Restb.ai is like having a real estate expert instantly research and provide a deep insight into each of the 1 million property photos uploaded daily.

A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year
Daily average mortgage rates are sitting at about 7.4%, close to their highest level in more than two decades SEATTLE -- Historically high mortgage rates are cutting into buyers' budgets, according to a new report from Redfin, the technology-powered real estate brokerage. A homebuyer on a $3,000 monthly budget, for instance, can afford a $429,000 home with a 7.4% mortgage rate, roughly the daily average on August 23. That buyer has lost $71,000 in purchasing power since August 2022, when they could have bought a $500,000 home with an average rate of about 5.5%. The daily average 30-year mortgage rate was 7.36% on August 23, down slightly from a peak the day before but still close to its highest level in more than 20 years. To look at affordability another way, the monthly mortgage payment on the typical U.S. home, which costs about $380,000, is roughly $2,700 with a 7.36% mortgage rate. The monthly payment would be $400 lower—around $2,300—with last year's 5.5% rate. The combination of high monthly mortgage payments and historically low housing inventory has pushed many would-be homebuyers out of the market. Home-purchase applications dropped to their lowest level in nearly 30 years during the week ending August 18, and Redfin's Homebuyer Demand Index—a measure of requests for home tours and other buying services from Redfin agents—was down 7% year over year. "The buyers out there right now are the ones who need to move," said Phoenix Redfin Premier agent Kim Lotz. "I'm working with one couple from out of state who are coming to Phoenix because of a job transfer; they don't have the luxury of waiting for mortgage rates to come down." There's more demand in some parts of the country than others. In Nashville, TN, for instance, Redfin Premier agent Kristin Sanchez says there are more buyers than sellers. "Some buyers are hoping they can get a home for under asking price to make up for high interest rates because they're hearing the housing market is slow. But what's happening nationally isn't necessarily true here," Sanchez said. "Tennessee is a hot spot for people relocating from other states. There are plenty of jobs, and the area is starving for inventory. So despite high rates, there are more house hunters than houses for sale. Homes that are priced competitively and in good condition are typically selling at or just over asking price with two or three offers." Leading indicators of homebuying activity: The daily average 30-year fixed mortgage rate was 7.36% on August 23, near a two-decade high. For the week ending August 17, the average 30-year fixed mortgage rate was 7.09%, the highest level in more than 20 years. Mortgage-purchase applications during the week ending August 18 declined 5% from a week earlier, seasonally adjusted. Home-purchase applications dropped to their lowest level since 1995. Purchase applications were down 30% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index was down about 2% from a month earlier. It was down 7% from a year earlier, the biggest decline since April. Google searches for "homes for sale" were down 7% from a month earlier during the week ending August 19, and down about 14% from a year earlier. Touring activity as of August 20 was up 2% from the start of the year, compared with a 6% decrease at the same time last year, according to home tour technology company ShowingTime. Editor's note: This report and press release excludes the national housing-market data we typically report on every week, including prices, pending sales and listings. An outage impacted several multiple listing services in various parts of the country during the second week of August; as a result, we are unable to accurately report on our typical housing-market metrics at this time. View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

LeadingRE Adds New American Funding to Solutions Group Program
NAF helps brokerages develop sustainable revenue streams while helping people achieve homeownership. CHICAGO – (March 13, 2023) – Leading Real Estate Companies of the World® welcomes New American Funding (NAF) to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. NAF offers a range of specialized joint venture models tailored to the unique needs and sizes of their partners. NAF is one of the nation's top mortgage lenders and takes pride in being the largest woman-owned and Hispanic-owned mortgage company in the country. NAF is an industry leader in serving underserved communities, originating billions in loans each year and servicing 95% of them. This model allows NAF to help brokerages diversify revenue streams, build customer loyalty, and successfully adapt to any market. With an extensive range of loan programs, competitive rates, and industry-leading turn times, NAF helps brokerages cater to the diverse needs of clients, while increasing homeownership among underserved communities. "NAF is a company that values diversity and inclusivity, and it shows in their commitment to providing a wide range of loan programs and their dedication to serving underserved communities. With a strong focus on customer service and a management team with decades of experience, NAF is a top choice for anyone seeking a reliable and trustworthy mortgage lender," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. Learn more about New American Funding at www.newamericanfunding.com. Learn more about Leading Real Estate Companies of the World® at www.LeadingRE.com. About New American Funding New American Funding is an independent mortgage lender with a servicing portfolio of 244,700+ loans for approximately $64.5 billion and more than 165 nationwide locations. In 2022, New American Funding was ranked #1 by J.D. Power in Customer Satisfaction among Mortgage Servicers. The company was also named #18 on the Fortune 100 Best Companies to Work For® in 2022. The company offers state-of-the-art career training and provides its branch Loan Officers with innovative technologies to streamline the mortgage process. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® is a global network of top independent real estate firms, with 550 companies and 136,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

ATTOM Integrates Propensity to Default Analytics into Its U.S. Property Data Warehouse
Discover the probability of a home going into foreclosure; Utilizing various property datasets and AI-powered algorithms to determine propensity to default IRVINE, Calif. – February 7, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has integrated propensity to default analytics into its U.S. property data warehouse. With this news, the ATTOM Table of Data Elements expands even further with yet another layer of details to enhance market intelligence, while enabling various industries powerful investment insight and mitigation strategies. This integration combines ATTOM’s comprehensive foreclosure and mortgage data with Powerlytics – a predictive analytics solution provider with a proprietary database of anonymized tax returns covering over 150 million U.S. households, to score properties across the nation on the likelihood of going into foreclosure. “What started as a focus in fueling real estate industry customers with premium property data, has exploded into powering various industries across all spectrums,” said Rob Barber CEO at ATTOM. “In today’s volatile housing market, being armed with predictive analytics that will allow real estate investors, brokers, mortgage servicers, and more the ability to zero in on properties that have the highest probability of going into foreclosure, is essential for competitive data-driven decision making.” By joining the power of the ATTOM Data Warehouse – which houses historical property characteristics data along with deed, mortgage, foreclosure and more for over 155 million U.S. properties — with Powerlytics’ consumer and business financial data, and then applying machine learning techniques, a propensity of default score for properties across the nation is accurately predicted. “We are excited to leverage Powerlytics proprietary dataset to deliver insights and value across the residential real estate ecosystem,” said Powerlytics CEO, Kevin Sheetz. “Combining our accurate, granular and comprehensive financial data and predictive modeling expertise with ATTOM’s rich property insights proved to be a powerful combination in predicting mortgage default propensity.” This proprietary model identifies the probability that a residential property will become a mortgage default (aka pre-foreclosure) within the next 12 months and allows customers to zero in on the properties that have the highest propensity to default. Enabling industry professionals, the ability to: Find homeowners motivated to sell. Curate targeted marketing lists. Limit portfolio losses. Develop mitigation strategies. “With the recent lift in foreclosures across the nation, insights into the financial health of homeowners offers a powerful and unique solution for understanding who might be in distress,” notes ATTOM Chief Product & Technology Officer, Todd Teta. “Along with the value of a home and a homeowner’s equity position, the overall financial health of the homeowner creates a full picture of the borrower’s willingness and ability to stay current on their mortgage and out of default. Combining these data points yields a much more predictive solution than the individual data points do on their own.” Learn more about propensity to default. About ATTOM ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud. About Powerlytics Powerlytics provides the most comprehensive, accurate and granular consumer and business financial data available in the U.S. Our proprietary big data analytics platform provides a comprehensive financial view of the over 200 million adults and 33 million businesses that comprise the American economy. Major U.S. corporations and financial services providers are using Powerlytics’ data and solutions to stay on the cutting edge with predictive analytics, frictionless verification and estimation of consumer income, consumer wealth and business revenue, enhance digital and direct marketing for both consumers and businesses, manage risk with both individual business and consumer customers and portfolios and benchmark performance. Visit www.powerlytics.com for more information.

US Mortgage Delinquencies Remain Near Historic Low in September
The overall delinquency rate dropped for the 18th straight month on an annual basis IRVINE, Calif., November 23, 2022—CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for September 2022. For the month of September, 2.8% of all mortgages in the U.S. (approximately 1.4 million loans) were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.1 percentage point decrease compared to 3.9% in September 2021. To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency. In September 2022, the U.S. delinquency and transition rates, and their year-over-year changes, were as follows: Early-Stage Delinquencies (30 to 59 days past due): 1.2%, up from 1.1% in September 2021. Adverse Delinquency (60 to 89 days past due): 0.4%, up from 0.3% September 2021. Serious Delinquency (90 days or more past due, including loans in foreclosure): 1.2%, down from 2.4% in September 2021 and a high of 4.3% in August 2020. Foreclosure Inventory Rate (the share of mortgages in some stage of the foreclosure process): 0.3%, up from 0.2% in September 2021. Transition Rate (the share of mortgages that transitioned from current to 30 days past due): 0.6%, unchanged from September 2021. Overall U.S. mortgage delinquencies again hovered near record lows in September, with every state and all but one metro in Illinois posting at least slight annual declines. However, with a potential recession and projected increase in the national unemployment rate looming, some uptick in delinquency rates could be expected in 2023. That said, 99% of homeowners with a mortgage have locked in rates below 6%. As a result, even if delinquency activity posts a minor increase, it is unlikely to cause the type of housing downturn seen during the Great Recession, when questionable underwriting practices allowed buyers to take out mortgages that exceeded their budgets. "All stages of delinquency remained low in September," said Molly Boesel, principal economist at CoreLogic. "Early-stage, overall and serious delinquencies were either at or below their pre-pandemic rates. Low unemployment, which has also returned to the level seen before the COVID-19 outbreak, is contributing to strong mortgage performance. However, if the U.S. enters a recession, increases in delinquency rates can be expected." State and Metro Takeaways: In September, all states posted annual declines in overall delinquency rates. The states with the largest declines were Louisiana (down 2.9 percentage points); as well as Hawaii, Nevada and New Jersey (all 1.8 percentage points). The remaining states, including the District of Columbia, registered annual delinquency rate drops between 1.7 percentage points and 0.3 percentage points. All but one U.S. metro area posted at least a small annual decrease in overall delinquency rates, with only the Decatur, Illinois metro registering a 0.2 percentage point gain since September 2021. All U.S. metro areas posted at least a small annual decrease in serious delinquency rates, with Odessa, Texas (down 4.1 percentage points), Laredo, Texas (down 3.2 percentage points) and Midland, Texas (down 2.9 percentage points) posting the largest decreases. The next CoreLogic Loan Performance Insights Report will be released on December 29, 2022, featuring data for October 2022. For ongoing housing trends and data, visit the CoreLogic Intelligence Blog. About CoreLogic CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Redfin Reports Lurching Mortgage Rates Spook Homebuyers
Homebuyers have lost 29% of their purchasing power since rates bottomed out in early 2021. Home prices remain elevated due to low supply, but early demand signals weakened sharply last week. SEATTLE -- Early indicators of homebuying demand show an accelerated pullback last week as mortgage rates shot up to a 15-year high, according to a new report from Redfin, the technology-powered real estate brokerage. This chart was made by analyzing Freddie Mac's Primary Mortgage Market Survey. The chart assumes a 20% down payment, annual property tax of 1.25% of the purchase prices and annual insurance of 0.5% of the purchase price. (Graphic: Redfin Analysis) Home tours fell 7% and mortgage purchase applications declined 13%. Redfin’s Homebuyer Demand Index, a measure of requests for home tours and other home-buying services, fell 6% last week to its lowest level since mid-June, when mortgage rates first jumped toward 6%. Homebuyers have lost 29% of their purchasing power as the average 30-year-fixed mortgage rate climbed from 2.65% at the start of 2021 to 6.66% today. "Mortgage rates well over 6% are spooking homebuyers,” said Redfin Deputy Chief Economist Taylor Marr. “Sellers are pulling back in this market, but buyers are pulling back even more. Home prices are holding steady for now. It will take a few months before the prices of closed sales start to reflect this shock to the market. However, there is evidence of sizable price declines in parts of the market that aren't accounted for by MLS data, such as home builders offloading homes in bulk at a 20% discount." Leading indicators of homebuying activity: For the week ending October 6, 30-year mortgage rates declined slightly to 6.66%. Fewer people searched for “homes for sale” on Google. Searches during the week ending October 1 were down 33% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index declined 10% in the past three weeks to its lowest point since the week ending June 19. The index was down 26% year over year, and fell below the level at the same time in 2020. Touring activity as of October 2 was down 26% from the start of the year, compared to an 8% increase at the same time last year, according to home tour technology company ShowingTime. Mortgage purchase applications during the week ending September 30 were down 13% week over week, seasonally adjusted, to the lowest level since October 2015. Purchase applications were down 37% from a year earlier. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending October 2. Redfin’s weekly housing market data goes back through 2015. The median home sale price was $367,652, up 7% year over year. Home sale prices in San Francisco fell 1.4% year over year. Neighboring Oakland, CA, where prices fell 3.4% and New Orleans (-9%) were the only other metro areas that saw year-over-year median-sale-price declines. The median asking price of newly listed homes increased 9% year over year to $383,000. The monthly mortgage payment on the median-asking-price home climbed to a record $2,528 at the current 6.66% mortgage rate, up 49% from $1,701 a year earlier, when mortgage rates were 2.99% and up from a recent low of $2,209 during the four-week period ending August 14. Pending home sales were down 25% year over year, the largest decline since May 2020. New listings of homes for sale were down 18% from a year earlier. Active listings (the number of homes listed for sale at any point during the period) fell 1% from the prior four-week period. On a year-over-year basis, they rose 3%. Months of supply—a measure of the balance between supply and demand, calculated by dividing the number of active listings by closed sales—increased to 3.0 months, the highest level since July 2020. 35% of homes that went under contract had an accepted offer within the first two weeks on the market, little changed from the prior four-week period but down from 40% a year earlier. 24% of homes that went under contract had an accepted offer within one week of hitting the market, little changed from the prior four-week period but down from 28% a year earlier. Homes that sold were on the market for a median of 32 days, up a full week from 25 days a year earlier and the record low of 17 days set in May and early June. 31% of homes sold above list price, down from 45% a year earlier and the lowest level since February 2021.On average, 7.7% of homes for sale each week had a price drop, a record high, and up from 3.9% a year earlier. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, fell to 99.1% from 100.7% a year earlier. This was the lowest level since August 2020. View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

Data Intelligence Firm Buyside Renames to Percy, Expands into Mortgage, and Adds $10 Million in Funding
Brentwood, TN, May 24th, 2022 -- Buyside, real estate's leading provider of homebuyer intent and seller leads, today announced $10 million in equity funding and said it's changing its name to Percy. Percy's consumer engagement platform uses artificial intelligence to identify consumer intent and empower agents, brokers and now mortgage lenders to engage their consumers at the right time for their next opportunity. The name Percy was derived from the company's first investor – a great uncle to the founder – and has long been the name of the engine behind the solution. "Many people were hung up on the name 'Buyside' when in fact we are much more – we are the top seller lead generation tool for real estate," says Chief Executive Charles J. Williams IV. "The new brand allows us to expand into new markets like mortgage, bringing purchase loan opportunities to originators." Percy has had remarkable growth and currently serves brokers representing 60% of all transactions in real estate. In the first quarter of 2022, the productivity of the application showed a 36% increase in homeowner subscriptions and a total of $71.7 Billion in transaction opportunities, up almost $20 Billion from Q1 of 2021. Prosperity Home Mortgage, with 565 loan officers across the United States, is one of the recent launches of Percy. "With Percy's success and adoption from our real estate brands, it only made sense for PHM to leverage the same application for our loan officers," says Ron Wivagg, National Sales Manager for Prosperity Home Mortgage. "We now have a tech ecosystem that services both the real estate and mortgage businesses, which helps us maintain oversight of our client's intent to transact." The strategic round includes fintech and real estate industry titans such as Howard Hanna Real Estate Services and Leading Real Estate Companies of the World. Percy intends to use the investment to dedicate marketing, sales and systems integration resources to fuel revenue growth and expansion. About Percy.ai Percy.ai is a data analytics and marketing company delivering more revenue opportunities to real estate brokers and mortgage companies by collecting and analyzing real estate consumer behavior. We use proprietary machine learning and Artificial Intelligence to better understand consumer intent and help companies target the right person at the right time. For more information, visit percy.ai or email [email protected]. Prosperity Home Mortgage, LLC. NMLS#75164. (NMLS Consumer Access @ www.nmlsconsumeraccess.org) Not all borrowers will qualify.

eXp World Holdings and Kind Lending Unite to Launch SUCCESS Lending, LLC, a New Residential Lending Platform
BELLINGHAM, Wash. - July 15, 2021 -- eXp World Holdings, the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, today announced a new joint venture ("JV") with Kind Lending, a rapidly growing nationwide residential mortgage provider, to establish SUCCESS® Lending. SUCCESS® Lending builds on the heritage of SUCCESS Enterprises, a 124-year-old company and a leader in the personal development industry. This new venture will enlist expert loan officers, currently working with top eXp agents, to provide lending solutions to consumers engaged in the homebuying journey. Both eXp Realty and Kind Lending have been disruptors in the real estate and mortgage industries, respectively, and are primed to break from traditional models and remove friction in the homebuying and selling processes. Housing and lending veterans, Glenn Sanford and Glenn Stearns, have a shared vision of innovating with top achievers in the mortgage industry to improve the overall homebuying experience. "We are taking a collaborative approach to home lending that will connect an ecosystem of expert real estate and mortgage professionals. Our mission is to help people find, own and sell homes. It started by reimagining the real estate brokerage from the ground up for real estate professionals and now we are focused on establishing a high-quality network of lending professionals to guide consumers through the mortgage process as well. Our agents are seeking a synergistic mortgage solution that provides greater efficiencies and clearer communication for their customers. SUCCESS® Lending was formed to fill that need," said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. Kind Lending, founded in 2019, brings together the top minds in the mortgage industry to reinvent the mortgage process through technology and process efficiencies, while humanizing the mortgage journey for homebuyers. Kind Lending originated nearly $4 billion in its first 12 months, and the Scotsman Guide ranked it the 22nd largest lender in the first quarter of 2021. The company and its leadership are dedicated to a customer/client-centric model based on transparency and integrity in mortgage lending standards with a unique value proposition built on a platform of kindness. "eXp Realty shares our core values of community and service. It is through innovation and empowerment we can assist more homebuyers to fulfill their dream of homeownership. We are excited to team up with a company recognized as an industry titan with strong leadership and financial results. The cultural fit of our two companies is the foundation of innovating business models and creating a better experience for customers," said Glenn Stearns, Founder and CEO of Kind Lending. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 59,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel and Panama, and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit expworldholdings.com. About Kind Lending Headquartered in Southern California, Kind Lending is the fastest growing residential mortgage banker in the country, earning its distinction as a top 25 lender in the industry within its first year of production. Founded by industry veteran Glenn Stearns in 2019, the Retail, Wholesale, and JV divisions are built on the principles of simplified processes, team empowerment, inclusivity and advancing the Kind Movement. For additional information, visit KindLending.com. Company NMLS #3925

A Look Back: US Mortgage Delinquency Rates Experience Record Highs and Lows in 2020, CoreLogic Reports
US overall delinquency shrinks for the fourth straight month in December, ending a rocky year with signs of recovery CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for December 2020. On a national level, 5.8% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), which represents a 2.1-percentage point increase in the overall delinquency rate compared to December 2019, when it was 3.7%. However, national overall delinquency has been declining month to month since June 2020. To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency, including the share that transitions from current to 30 days past due. In December 2020, the U.S. delinquency and transition rates, and their year-over-year changes, were as follows: Early-Stage Delinquencies (30 to 59 days past due): 1.4%, down from 1.8% in December 2019. Adverse Delinquency (60 to 89 days past due): 0.5%, down from 0.6% in December 2019. Serious Delinquency (90 days or more past due, including loans in foreclosure): 3.9%, up from 1.2% in December 2019. Foreclosure Inventory Rate (the share of mortgages in some stage of the foreclosure process): 0.3%, down from 0.4% in December 2019. Transition Rate (the share of mortgages that transitioned from current to 30 days past due): 0.8%, unchanged from December 2019. 2020 began with the lowest share of overall delinquencies (30+ days past due) since data recording started in 1999, but as the pandemic and shelter-in-place directives spread, the rate doubled from 3.6% in March to 7.3% in May. As those initially affected by the pandemic and ensuing recession transitioned through stages of delinquency, serious delinquencies (90+ days past due) increased four-fold compared to pre-pandemic rates, peaking in August. "The ongoing forbearance provisions and economic aid implemented at the start of the pandemic has proved helpful for families faced with financial insecurity," said Frank Martell, president and CEO of CoreLogic. "Places with large job losses during the last year also experienced big jumps in mortgage delinquencies," said Dr. Frank Nothaft, chief economist at CoreLogic. "By state, Hawaii and Nevada had the largest 12-month spike in delinquency rates, both up 4.1 percentage points. They also had large increases in unemployment rates, up 6.6 percentage points in Hawaii and 5.5 percentage points in Nevada compared with 3.1 percentage points for the U.S. In Odessa, Texas, unemployment rose by 8.6 percentage points and delinquencies posted a 9.8 percentage-point jump." State and Metro Takeaways: All U.S. states and nearly all metro areas logged increases in annual overall delinquency rates in December. Hawaii and Nevada (both up 4.1 percentage points) logged the largest annual increase in overall delinquency rates. Among metros, Odessa, Texas, experienced the largest annual increase with 9.8 percentage points, largely due to significant job loss in the oil industry. Other metro areas with significant overall delinquency increases included Lake Charles, Louisiana (up 7.6 percentage points); Midland, Texas (up 7.5 percentage points) and Kahului, Hawaii (up 6.8 percentage points). For ongoing housing trends and data, visit the CoreLogic Insights Blog. Methodology The data in The CoreLogic LPI report represents foreclosure and delinquency activity reported through December 2020. The data in this report accounts for only first liens against a property and does not include secondary liens. The delinquency, transition and foreclosure rates are measured only against homes that have an outstanding mortgage. Homes without mortgage liens are not subject to foreclosure and are, therefore, excluded from the analysis. CoreLogic has approximately 75% coverage of U.S. foreclosure data. Source: CoreLogic The data provided is for use only by the primary recipient or the primary recipient's publication or broadcast. This data may not be re-sold, republished or licensed to any other source, including publications and sources owned by the primary recipient's parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data is illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Valerie Sheets at [email protected]. Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. This data is compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources. About CoreLogic CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes. For more information, please visit www.corelogic.com.

Howard Hanna Mortgage Announces Lock and Shop Program
Pittsburgh, PA (January 17, 2019) – Howard Hanna Mortgage Services has announced an exciting new program to protect homebuyers from interest rates. The exclusive Howard Hanna Mortgage Lock & Shop program gives buyers the opportunity to get pre-qualified for a mortgage and lock in a mortgage interest rate while they shop for a home. If rates go up before they find that home, the borrower's rate stays locked. "We have experienced a reduction in interest rates recently, but signs point that rates will go up throughout the year, which could leave buyers with unexpected higher payments, making this a great time to use our Lock & Shop program," said F. Duffy Hanna, President of Howard Hanna Mortgage. "Normally, a homebuyer would have to have a purchase contract before they could lock in an interest rate on their mortgage. This program gives the buyer their mortgage interest rate up front. Anxiety over rising interest rates is reduced, giving buyers peace of mind while they are looking for a home." In addition to the Lock & Shop benefit of saving money should interest rates rise, buyers are pre-qualified for their mortgage. "As listings continue to be low in most of our market areas, being pre-qualified gives the buyer a needed advantage when it comes time to make an offer," said Hanna. "Our mortgage loan originators are extremely knowledgeable and take the time to explore various options to determine the best mortgage product tailored to a buyer's needs at a very competitive cost," added Howard W. "Hoddy" Hanna, III, Chairman of Hanna Holdings, Inc. "Lock & Shop is just one of our many innovative programs designed to benefit you, the homebuyer, and provide a truly one-stop-shopping experience." The Howard Hanna Mortgage Lock & Shop program provides rate protection of up to 75 days. Borrowers have 30 days* to find a home and execute a sales agreement and then use the remaining term of the rate lock period to close on their property. For more information on Howard Hanna Mortgage programs and Lock & Shop click here, contact your Howard Hanna agent, or visit a Howard Hanna Real Estate Services office. About Howard Hanna Mortgage Founded in 1983, Howard Hanna Mortgage is the fourth largest real estate mortgage company in the United States and the largest provider of purchase money mortgages in the Pittsburgh and Cleveland metropolitan areas.*** Howard Hanna Mortgage offers a wide range of residential mortgage products and local in-house processing and underwriting. Its innovative and entrepreneurial culture enables it to deliver top-notch levels of customer service. Howard Hanna's highly trained professionals are experienced to serve the needs of many types of homebuyers. HowardHannaMortgage.com About Howard Hanna Real Estate Services Howard Hanna Real Estate Services is the 3rd largest real estate company in the United States, the #1 privately owned broker in the nation, and the largest home seller in Pennsylvania, Ohio, and New York. The family-owned and operated real estate company specializes in residential and commercial brokerage service, mortgages, closing and title insurance, land development, appraisal services, property and casualty, corporate relocation, and property management. With 279 offices across PA, OH, NY, VA, MI, WV, NC, and MD, more than 9,200 sales associates and staff are guided by a spirit of integrity in all aspects of the real estate process. HowardHanna.com

CoreLogic Loan Performance Insights Finds Declining Mortgage Delinquency Rates for April as States Impacted by 2017 Hurricanes Continue to Recover
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows that, nationally, 4.2 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in April 2018, representing a 0.6 percentage point decline in the overall delinquency rate compared with April 2017, when it was 4.8 percent. As of April 2018, the foreclosure inventory rate – which measures the share of mortgages in some stage of the foreclosure process – was 0.6 percent, down 0.1 percentage points from 0.7 percent in April 2017. Since August 2017, the foreclosure inventory rate has been steady at 0.6 percent, the lowest level since June 2007, when it was also 0.6 percent. The April 2018 foreclosure inventory rate was the lowest for that month in 11 years; it was also 0.6 percent in April 2007. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency, as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies – defined as 30 to 59 days past due – was 1.8 percent in April 2018, down from 2.2 in April 2017. The share of mortgages that were 60 to 89 days past due in April 2018 was 0.6 percent, unchanged from April 2017. The serious delinquency rate – defined as 90 days or more past due, including loans in foreclosure – was 1.9 percent in April 2018, down from 2.0 percent in April 2017. The April 2018 serious delinquency rate was the lowest for that month since 2007 when it was 1.6 percent. "Job growth, home-price appreciation, and full-doc underwriting have pushed delinquency and foreclosure rates to the lowest point in more than a decade," said Dr. Frank Nothaft, chief economist for CoreLogic. "The latest CoreLogic Home Price Index report revealed the annual national home price growth was 7.1 percent in May, the fastest annual growth in four years. U.S. employers have also continued to employ more individuals, as employment rose by 2.4 million throughout the last 12 months with 213,000 jobs added last month alone. Together, this heightened financial stability is pushing delinquency and foreclosure rates to record lows." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30 days past due was 0.8 percent in April 2018, down from 1.2 percent in April 2017. By comparison, in January 2007, just before the start of the financial crisis, the current- to 30-day transition rate was 1.2 percent, while it peaked in November 2008 at 2 percent. As a result of the 2017 hurricane season, Florida and Texas are the only states showing significant gains in 90-day delinquency rates. According to the CoreLogic Storm Surge Report, Florida has the most densely populated and longest coastal area and thus the most exposure to storm surge flooding (compared to the 19 states analyzed in the report) with more than 2.7 million at-risk homes across five risk categories (Category 1 – Category 5 storms). Louisiana ranks second with more than 817,000 at-risk homes, while Texas ranks third with more than 543,000 at-risk homes. A major storm did not strike Louisiana in 2017, but Florida and Texas are still recovering from Hurricanes Irma and Harvey, respectively. "Delinquency rates are nearing historic lows, except in areas impacted by extreme weather over the past 18 months, reflecting a long period of strict underwriting practices and improved economic conditions," said Frank Martell, president and CEO of CoreLogic. "Last year's hurricanes and wildfires continue to affect today's default rates. The percent of loans 90 days or more delinquent or in foreclosure are more than double what they were before last autumn's hurricanes in Houston, Texas and Naples, Florida. The 90-day-plus delinquent or in-foreclosure rate has also quadrupled in Puerto Rico." For ongoing housing trends and data, visit the CoreLogic Insights Blog. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Redfin Survey: 36% of Millennial Homebuyers Took a Second Job to Save for Down Payment; 10% Sold Cryptocurrency
Millennial Homebuyer Survey Shows Struggle for Affordability SEATTLE, June 28, 2018 -- The top concern among first-time millennial homebuyers is having enough money for a down payment, according to Redfin, the next-generation real estate brokerage. In March, Redfin commissioned a survey of 2,000 U.S. residents who planned to buy or sell a primary residence in the next 12 months. Redfin's latest analysis focuses on the more than 500 respondents between the agents of 24 and 38 who said they planned to buy their first home in the coming year. Fifty percent cited having enough money for a down payment as their top concern about buying a home, followed by affording a home in their preferred location (45%) and rising home prices (41%). Aside from the 69 percent who saved directly from paychecks, millennials used several tactics and sources to accumulate the money needed for a down payment on their first home. Thirty-six percent used earnings from a second job, 13 percent pulled money out of retirement funds early and 10 percent sold cryptocurrency. Some were lucky enough to have received a cash gift from their family (24%) or an inheritance (12%). When broken down by household income levels, there were some notable differences in how millennials achieved a down payment. Millennials in households earning more than $100,000 per year were less likely than those earning less to have saved directly from paychecks, with 60 percent of high-earners having done so, compared with 75 percent of those who earn less than $100,000. Millennial households earning more than $100,000 were more than three times more likely than their less-well-off peers to have sold cryptocurrency investments and twice as likely to have sold stock investments. They were also more likely to have received an inheritance or cash gift from family or to have dipped into their retirement savings. "For millennials who have launched their careers while working to pay off student loans in the last decade, having enough to set aside toward a down payment would have been a significant accomplishment," said Sheharyar Bokhari, senior economist at Redfin. "These results reveal some of the inequalities that have been exacerbated in the years following the recession, with the well-off having more flexibility and thereby ability to become homeowners and build more wealth, through advantages like financial support from family and the opportunity to invest in the stock market." To afford a mortgage, 65 percent of millennials who intend to buy their first home this year plan to take some action, aside from just paying from their regular paychecks: 32% plan to pursue additional employment 19% intend to rent out a room to someone they know 15% say they will drive for a ride-sharing service 14% plan to split ownership of the home with friends or roommates Again, there were some surprises in the responses when broken down by income. Lower-income millennials were more likely than those earning more than $100,000 per year to say they planned to pursue additional employment to cover their mortgage. Those with higher incomes were more than three times as likely to get a roommate they don't know. High-earners were also more likely to say they will split ownership with friends or drive for a ride-sharing service. To read the full report, complete with charts showing more data breakdowns, please click here. About Redfin Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $60 billion in home sales.

CoreLogic Reports Declining Foreclosure Rates in February, Signaling a Strong Economy
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report, which shows that, nationally, 4.8 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in February 2018. This represents a 0.2 percentage point decline in the overall delinquency rate, compared with February 2017 when it was 5 percent. As of February 2018, the foreclosure inventory rate – which measures the share of mortgages in some stage of the foreclosure process – was 0.6 percent, down 0.2 percentage points from 0.8 percent in February 2017. Since August 2017, the foreclosure inventory rate has been steady at 0.6 percent, the lowest level since June 2007, when it was also 0.6 percent. The February 2018 foreclosure inventory rate was the lowest for the month of February in 11 years; it was also 0.6 percent in February 2007. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency, as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies – defined as 30-59 days past due – was 2.1 percent in February 2018, up from 2 percent in January 2018 and unchanged from February 2017. The share of mortgages that were 60-89 days past due in February 2018 was 0.7 percent, down from 0.8 percent in January 2018 and unchanged 0.7 percent in February 2017. The serious delinquency rate – defined as 90 days or more past due, including loans in foreclosure – was 2.1 percent in February 2018, unchanged from January 2018 and down from 2.2 percent in February 2017. The February 2018 serious delinquency rate was the lowest for the month of February since February 2007, when it was 1.6 percent. "Last year's hurricanes continue to have an effect on loan performance in affected markets, showing up in statewide data," said Dr. Frank Nothaft, chief economist for CoreLogic. "Serious delinquency rates in February were 50 percent higher than in August 2017 in Texas, and nearly double in Florida, even though the wind and flood damage was primarily in coastal markets. In Puerto Rico, the damage was widespread. Serious delinquency rates were up five-fold over the August-to-February period, with a significant increase in all metropolitan areas there." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30 days past due was 0.9 percent in February 2018, up from 0.8 percent in January 2018 and down from 1 percent in February 2017. By comparison, in January 2007, just before the start of the financial crisis, the current- to 30-day transition rate was 1.2 percent, while it peaked in November 2008 at 2 percent. "Overall delinquency rates fell in the U.S. over the past year, driven by a long run of stringent underwriting, higher employment and wages," said Frank Martell, president and CEO of CoreLogic. "At the same time, our CoreLogic U.S. Home Price Index (HPI) showed a 6.4 percent increase in home-price appreciation for the 12 months, which ended in February 2018. These factors bode well for the fortunes of both homeowners and mortgage servicers." For ongoing housing trends and data, visit the CoreLogic Insights Blog. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CoreLogic Reports Early-Stage Delinquencies Declined in January as Impact from 2017 Hurricanes and Wildfires Fades
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.9 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in January 2018. This represents a 0.2 percentage point decline in the overall delinquency rate, compared with January 2017 when it was 5.1 percent. As of January 2018, the foreclosure inventory rate – which measures the share of mortgages in some stage of the foreclosure process – was 0.6 percent, down 0.2 percentage points from 0.8 percent in January 2017. Since August 2017, the foreclosure inventory rate has been steady at 0.6 percent, the lowest level since June 2007, when it was also 0.6 percent. The January 2018 foreclosure inventory rate was the lowest for the month of January in 11 years; it was also 0.6 percent in January 2007. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency, as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies – defined as 30-59 days past due – was 2 percent in January 2018, down from 2.3 percent in December 2017 and from 2.1 percent in January 2017. The share of mortgages that were 60-89 days past due in January 2018 was 0.8 percent, unchanged from December 2017 and up from 0.7 percent in January 2017. The serious delinquency rate – defined as 90 days or more past due, including loans in foreclosure – was 2.1 percent in January 2018, unchanged from December 2017 and down from 2.3 percent in January 2017. The January 2018 serious delinquency rate was the lowest for the month of January since January 2007, when it was 1.5 percent. "The areas hit by last year's hurricanes and wildfires are experiencing the 'pig in a python' effect on their local delinquency rates. Early-stage delinquencies have largely dropped back to normal, while serious delinquency remains elevated," said Dr. Frank Nothaft, chief economist for CoreLogic. "In hard-hit markets, like the Houston and Naples metro areas, serious delinquency is triple what it was before the hurricanes. And in the San Juan area of Puerto Rico, serious delinquency has quadrupled." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30 days past due was 0.8 percent in January 2018, down from 1.1 percent in December 2017 and down from 0.9 percent in January 2017. This was the lowest for the month of January since at least 2000. By comparison, in January 2007, just before the start of the financial crisis, the current- to 30-day transition rate was 1.2 percent, while it peaked in November 2008 at 2 percent. "Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year," said Frank Martell, president and CEO of CoreLogic. "Declines in the unemployment rate have supported a rise in income, and home-price growth has built home equity. These two economic forces coupled with high-quality underwriting have lowered overall delinquency rates." For ongoing housing trends and data, visit the CoreLogic Insights Blog: www.corelogic.com/insights. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

MGIC Announces partnership with Down Payment Resource
MILWAUKEE, April 2, 2018 -- Mortgage Guaranty Insurance Corporation (MGIC) today announced their partnership with Down Payment Resource® (DPR), the leader in providing homebuyers and professionals with information on down payment assistance programs. Through this partnership, MGIC customers will have access to discounted Down Payment Resource® services that make it easy for lenders to research down payment assistance programs and match borrowers to programs for which they may be eligible. MGIC and DPR will also work together to enhance consumer understanding of the availability and benefits of down payment assistance. "We know the challenge of saving for the down payment is the number one hurdle for first-time homebuyers. Now more than ever, it's important for buyers to understand and evaluate homeownership programs that may help them buy a home sooner," said Rob Chrane, CEO of Down Payment Resource®. "We look forward to working with MGIC and its lender customers to help connect more buyers to available down payment assistance." "Our new partnership with Down Payment Resource® simplifies and streamlines the participation of lenders in down payment assistance programs," said Margaret Crowley, Vice President of Marketing and Customer Experience at MGIC. "Together, we can further our shared mission of making homeownership possible sooner through low-down-payment options for borrowers." About MGIC MGIC, the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. At February 28, 2018, MGIC had $196.5 billion of primary insurance in force covering approximately one million mortgages. About Down Payment Resource® Down Payment Resource® (DPR) creates opportunity for homebuyers, REALTORS® and lenders by uncovering programs that get people into homes. The company tracks approximately 2,500 homebuyer programs through its housing finance agency partners. DPR has been recognized by Inman News as "Most Innovative New Technology" and one of 2017's most innovative tech companies by HousingWire TECH100™. DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. For more information, please visit www.DownPaymentResource.com.

Capsilon Taps Ginger Wilcox as Senior Vice President of Marketing
Startup Veteran and Industry Innovator to Elevate Brand Awareness and Accelerate Growth in 2018 SAN FRANCISCO, February 14, 2018--Capsilon, the leading partner for delivering a cloud-based end-to-end digital mortgage solution, announced today that it has tapped Ginger Wilcox as SVP Marketing, where she will be responsible for leading marketing, brand positioning and growth for all Capsilon products. A startup veteran and recognized leader in the mortgage, real estate and technology industries, Wilcox was most recently part of the team that launched digital mortgage startup Sindeo. As CMO and Chief Industry Officer, Wilcox led brand marketing, customer acquisition, communications and strategic partnerships. "Ginger is a proven marketing and growth leader with a track record of success in top-performing mortgage, real estate and software companies and is one of the most-connected people in the housing industry," said Sanjeev Malaney, Founder and CEO, Capsilon. "Her expertise in building strong brands and strategic partnerships in high growth environments will be a tremendous asset as we accelerate our growth in 2018." Joining Capsilon presents a very exciting opportunity for Wilcox to build brand awareness for a FinTech company that already has built a platform to deliver a true end-to-end digital mortgage. Using Capsilon, the company's customers, which include the industry's leading retail, wholesale and correspondent lenders, as well as mortgage servicers, are able to close loans up to five times faster and reduce labor costs by as much as 50%. While there are a number of vendors offering borrower-friendly digital loan applications, Capsilon is the first to bring to market a truly innovative mortgage process that improves the borrower and loan officer experience from application to closing and reduces the massive staffing costs that lenders ultimately have to pass on to the borrower. Wilcox joins a seasoned and successful management team with significant mortgage, SaaS and FinTech industry expertise, including top executives from Oracle, IBM, iTradeNetwork, and Quantros. Capsilon continues to grow quickly with over 450 team members around the world. Read why Ginger joined Capsilon, in her own words. About Capsilon Headquartered in San Francisco, Capsilon is a leading provider of enterprise SaaS products, Capsilon serves more than 150 of the mortgage industry's most innovative companies, including three of the 10 largest residential mortgage lenders in the United States. For more information, visit www.capsilon.com.

CoreLogic Reports Early-Stage Mortgage Delinquencies Increased Following Active Hurricane Season
January 09, 2018, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in October 2017. This represents a 0.1 percentage point year-over-year decline in the overall delinquency rate compared with October 2016 when it was 5.2 percent. As of October 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down 0.2 percentage points from 0.8 percent in October 2016. The foreclosure inventory rate has held steady at 0.6 percent since August 2017, the lowest level since June 2007 when it was also at 0.6 percent. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies, defined as 30-59 days past due, was 2.3 percent in October 2017, down 0.1 percentage points from 2.4 percent in September 2017 and up 0.1 percentage points from 2.2 percent in October 2016. The share of mortgages that were 60-89 days past due in October 2017 was 0.9 percent, up 0.2 percentage points from 0.7 percent in both September 2017 and October 2016. The serious delinquency rate, reflecting loans 90 days or more past due, in October 2017 was 1.9 percent, unchanged from September 2017 and down 0.4 percentage points from 2.3 percent in October 2016. The 1.9 percent serious delinquency rate in June, July, August, September and October of this year marks the lowest level for any month since it was also 1.9 percent in October 2007. "After rising in September, early-stage delinquencies declined by 0.1 percentage points month over month in October. The temporary rise in September's early-stage delinquencies reflected the impact of the hurricanes in Texas, Florida and Puerto Rico, but now the impact from the hurricanes is fading from a national perspective," said Dr. Frank Nothaft, chief economist for CoreLogic. "While the national impact is waning, the local impact remains. Some Florida markets continue to see increases in early-stage delinquency transition rates in October, reaching 5 percent, on average, in Miami, Orlando, Tampa, Naples and Cape Coral. Texas markets such as Houston, Beaumont, Victoria and Corpus Christie peaked at over 7 percent in September, but are on the mend and improving in October." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30 days past due was 1.1 percent in October 2017, down from 1.3 percent in September 2017 and up from 1 percent in October 2016. By comparison, in January 2007, just before the start of the financial crisis, the current-to-30-day transition rate was 1.2 percent and it peaked in November 2008 at 2 percent. "While the national impact of the recent hurricanes will soon fade, the human impact will remain for years. For example, the displacement and rebuilding in New Orleans after Hurricane Katrina extended for several years and altered the character of the city, an impact that still remains today," said Frank Martell, president and CEO of CoreLogic. "The reconstruction of the housing stock and infrastructure impacted by the storms should provide a small stimulus to local economies. This rebuilding will occur against a backdrop of wage growth, consumer confidence and spending in the national economy which should continue to provide a solid foundation for real estate demand in the storm-impacted areas and beyond." For ongoing housing trends and data, visit the CoreLogic Insights Blog: www.corelogic.com/blog. Methodology The data in this report represents foreclosure and delinquency activity reported through September 2017. The data in this report accounts for only first liens against a property and does not include secondary liens. The delinquency, transition and foreclosure rates are measured only against homes that have an outstanding mortgage. Homes without mortgage liens are not typically subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage. CoreLogic has approximately 85 percent coverage of U.S. foreclosure data. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CoreLogic Analysis Shows Mortgage Credit Risk Increased from Q3 2016 to Q3 2017
Credit Risk for New Loans in 2017 Similar to Loans Issued in Early 2000s December 19, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its Q3 2017 CoreLogic Housing Credit Index (HCI™) which measures trends in six home mortgage credit risk attributes. The HCI indicates the relative increase or decrease in credit risk for new home loan originations compared to prior periods. The six attributes include borrower credit score, debt-to-income ratio (DTI), loan-to-value ratio (LTV), investor-owned status, condo/co-op share and documentation level. In Q3 2017, the HCI increased to 111.1, up 18 points from 93.1 in Q3 2016. Even with this increase, credit risk in Q3 2017 is still within the benchmark range of the HCI. The benchmark range of 90 to 121 is measured as within one standard deviation of the average HCI value for 2001-2003, considered to be the normal baseline for credit risk. The increase in the credit risk, as measured by the HCI during the past year, was partly due to a shift in the purchase-loan mix to more investor loans and to a shift in the refinance-loan mix to borrowers with lower credit scores and higher DTI. This trend for refinance loans may reflect the rise in the FHA-to-conventional share of refinance activity. "The CoreLogic Housing Credit Index is up compared to a year ago, in part reflecting a shift in the mix of loans to the purchase market, which typically exhibit higher risk," said Dr. Frank Nothaft, chief economist for CoreLogic. "Further, the Index shows higher risk attributes for both purchase and refinance loans, although the risk levels still remain similar to the early 2000s. When looking at the two most recent quarters in which the mix of purchase and refinance loans were similar, the CoreLogic Housing Credit Index for each segment remained stable. Looking forward to 2018, with continuing economic and home price growth, we expect credit-risk metrics to rise modestly." HCI highlights for the six Index attributes for Q3 2017: Credit Score: The average credit score for homebuyers increased 7 points year over year between Q3 2016 and Q3 2017, rising from 739 to 746. In Q3 2017, the share of homebuyers with credit scores under 640 was 2 percent compared with 25 percent in 2001. In other words, the Q3 2017 share was less than one-tenth of the share in 2001. Debt-to-Income: The average DTI for homebuyers in Q3 2017 was unchanged from Q3 2016 at 36. In Q3 2017, the share of homebuyers with DTIs greater than or equal to 43 percent was 22 percent, down slightly from 24 percent in Q3 2016, but up from 18 percent in 2001. Loan-to-Value: The LTV for homebuyers dropped by almost 2 percentage points year over year, down from 86.4 percent in Q3 2016 to 84.9 percent in Q3 2017. In Q3 2017, the share of homebuyers with an LTV greater than or equal to 95 percent had increased by almost one-third compared with 2001. Investor Share: The investor share of home-purchase loans increased slightly from 4 percent in Q3 2016 to 4.4 percent in Q3 2017. Condo/Co-op Share: The share of home-purchase loans secured by a condominium or co-op building increased from 10 percent in Q3 2016 to 11.5 percent in Q3 2017. Documentation Type: Low- or no-documentation loans remained a small part of the mortgage market in Q3 2017, increasing from 1.5 percent to 2.2 percent of home-purchase loans during the past year. Methodology The CoreLogic Housing Credit Index (HCI) measures the variation in mortgage credit risk attributes and uses loan attributes from mortgage loan servicing data that are combined in a principal component analysis (PCA) model. PCA can be used to reduce a complex data set (e.g., mortgage loan characteristics) to a lower dimension to reveal properties that underlie the data set. The HCI combines six mortgage credit risk attributes, including borrower credit score, loan-to-value (LTV) ratio, debt-to-income (DTI) ratio, documentation level (full documentation of a borrower's economic conditions or incomplete levels of documentation, including no documentation), status of investor-owned (whether property is a non-owner-occupied investment or owner-occupied primary residence and second home) and property type (whether property is a condominium or co-op). It spans more than 15 years and covers all loan products in both the prime and subprime lending segments and includes all 50 states and the District of Columbia, permitting peak-to-peak and trough-to-trough business cycle comparisons across the U.S. The CoreLogic Loan-Level Market Analytics data includes loan-level information, both current and historical, from servicers on active first-lien mortgages in the U.S., and the Non-Agency Residential Mortgage Backed Securities (RMBS) data includes loan-level information from the securitizers. In addition, CoreLogic public records data for the origination share by loan type (conventional conforming, government, jumbo) were used to adjust the combined servicing and securities data to assure that it reflects primary market shares. These changes across different dimensions are reflected in the HCI. A rising HCI indicates increasing credit risk, while a declining HCI indicates decreasing credit risk. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CoreLogic Reports September Mortgage Delinquency Rates Lowest in More Than a Decade
December 12, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 5 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in September 2017. This represents a 0.2 percentage point year-over-year decline in the overall delinquency rate compared with September 2016 when it was 5.2 percent. As of September 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down from 0.8 percent in September 2016. Both August and September of this year experienced the lowest foreclosure inventory rate since June 2007 when it was also 0.6 percent, and the September foreclosure inventory rate was the lowest for the month of September in 11 years when it was 0.5 percent in September 2006. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies, defined as 30-59 days past due, was 2.4 percent in September 2017, up 0.3 percentage points from 2.1 percent in September 2016. The share of mortgages that were 60-89 days past due in September 2017 was 0.7 percent, unchanged from September 2016. The serious delinquency rate, those that are 90 days or more past due, declined 0.4 percentage points year over year from 2.3 percent in September 2016 to 1.9 percent in September 2017. The 1.9 percent serious delinquency rate in June, July, August and September of this year marks the lowest level for any month since October 2007 when it was also 1.9 percent, and is also the lowest for the month of September since 2007 when the serious delinquency rate was 1.8 percent. "September's early-stage delinquency rate increased by 0.3 percent from a year ago, the largest increase since June 2009. This does not reflect a deterioration in credit, but rather the impact of the hurricanes in Texas, Florida and Puerto Rico," said Dr. Frank Nothaft, chief economist for CoreLogic. "September's early-stage delinquency transition rate rose to 2.6 percent in Texas and it rose to 3.2 percent in Florida, which is higher than the 1 percent that's typical for both states. Texas and Florida's early-stage delinquency transition rates in September are much lower than New Orleans in September 2005 when the transition rate reached 17.4 percent as a result of Hurricane Katrina." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30 days past due was 1.3 percent in September 2017, up from 0.9 percent in September 2016. The September rate was the highest for any month in nearly three years, since November 2014 when it was 1.4 percent. By comparison, in January 2007, just before the start of the financial crisis, the current-to-30-day transition rate was 1.2 percent and it peaked in November 2008 at 2 percent. "While natural hazard risk was elevated in 2017, the economic fundamentals that drive mortgage credit performance are the best in two decades," said Frank Martell, president and CEO of CoreLogic. "The combination of strong job growth, low unemployment rates, steady economic performance and prudent underwriting has led to continued improvement in mortgage performance heading into next year." For ongoing housing trends and data, visit the CoreLogic Insights Blog. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CoreLogic Reports Mortgage Delinquency Rates Lowest in More Than a Decade
November 14, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.6 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in August 2017. This represents a 0.6 percentage point year-over-year decline in the overall delinquency rate compared with August 2016 when it was 5.2 percent. As of August 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down from 0.9 percent in August 2016. This was the lowest foreclosure inventory rate for the month of August in 11 years since August 2006 when it was 0.5 percent. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies, defined as 30-59 days past due, was 2 percent in August 2017, down slightly from 2.1 percent in August 2016. The share of mortgages that were 60-89 days past due in August 2017 was 0.7 percent, unchanged from August 2016. The serious delinquency rate (90 days or more past due) declined 0.5 percentage points year over year from 2.4 percent in August 2016 to 1.9 percent in August 2017. The 1.9 percent serious delinquency rate in June, July and August of this year marks the lowest level for any month since October 2007 when it was also 1.9 percent, and is also the lowest for the month of August since 2007 when the serious delinquency rate was 1.7 percent. Alaska was the only state to experience a year-over-year increase in its serious delinquency rate in August 2017. "The effect of the drop in crude oil prices since 2014 has taken a toll on mortgage loan performance in some markets," said Dr. Frank Nothaft, chief economist for CoreLogic. "Crude oil prices this August were less than half their level three years ago. This has led to oil-related layoffs and an increase in loan delinquency rates in states like Alaska and in oil-centric metro areas like Houston." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30-days past due was 0.9 percent in August 2017, unchanged from August 2016. By comparison, in January 2007 just before the start of the financial crisis, the current-to-30-day transition rate was 1.2 percent and it peaked in November 2008 at 2 percent. "Serious delinquency and foreclosure rates are at their lowest levels in more than a decade, signaling the final stages of recovery in the U.S. housing market," said Frank Martell, president and CEO of CoreLogic. "As the construction and mortgage industries move forward, there needs to be not only a ramp up in homebuilding, but also a focus on maintaining prudent underwriting practices to avoid repeating past mistakes." For ongoing housing trends and data, visit the CoreLogic Insights Blog. Methodology The data in this report represents foreclosure and delinquency activity reported through August 2017. The data in this report accounts for only first liens against a property and does not include secondary liens. The delinquency, transition and foreclosure rates are measured only against homes that have an outstanding mortgage. Homes without mortgage liens are not typically subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage. CoreLogic has approximately 85 percent coverage of U.S. foreclosure data. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CoreLogic Reports Serious Delinquency Rate for Home Loans Holds Steady at a Near 10-Year Low
October 10, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.6 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in July 2017. This represents a 0.9 percentage point year-over-year decline in the overall delinquency rate compared with July 2016 when it was 5.5 percent. As of July 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7 percent, down from 0.9 percent in July 2016 and the lowest since the rate was also 0.7 percent in July 2007. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To monitor mortgage performance comprehensively, CoreLogic examines all stages of delinquency as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies, defined as 30-59 days past due, was 2 percent in July 2017, down slightly from 2.3 percent in July 2016. The share of mortgages that were 60-89 days past due in July 2017 was 0.7 percent, unchanged from July 2016. The serious delinquency rate (90 days or more past due) declined from 2.5 percent in July 2016 to 1.9 percent in July 2017 and remains near the 10-year low of 1.7 percent reached in July 2007. Alaska was the only state to experience a year-over-year increase in its serious delinquency rate. "While the U.S. foreclosure rate remains at a 10-year low as of July, the rate across the 100 largest metro areas varies from 0.1 percent in Denver to 2.2 percent in New York," said Dr. Frank Nothaft, chief economist for CoreLogic. "Likewise, the national serious delinquency rate remains at 1.9 percent, unchanged from June, and when analyzed across the 100 largest metros, rates vary from 0.6 percent in Denver to 4.1 percent in New York." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30-days past due was 0.9 percent in July 2017, down from 1.1 percent in July 2016. By comparison, in January 2007 just before the start of the financial crisis, the current-to-30-day transition rate was 1.2 percent and it peaked in November 2008 at 2 percent. "Even though delinquency rates are lower in most markets compared with a year ago, there are some worrying trends," said Frank Martell, president and CEO of CoreLogic. "For example, markets affected by the decline in oil production or anemic job creation have seen an increase in defaults. We see this in markets such as Anchorage, Baton Rouge and Lafayette, Louisiana where the serious delinquency rate rose over the last year." For ongoing housing trends and data, visit the CoreLogic Insights Blog. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity
September 21, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its Q2 2017 home equity analysis which shows U.S. homeowners with mortgages (roughly 63 percent of all homeowners*) have seen their equity increase by a total of 10.6 percent year over year, representing a gain of $766 billion since Q2 2016. Additionally, homeowners gained an average of $12,987 in equity between Q2 2016 and Q2 2017. Western states led the equity increase with Washington homeowners gaining an average of approximately $40,000 in home equity and California homeowners gaining an average of approximately $30,000 in home equity (Figure 1). Home price increases in these states drove the equity gains. From Q1 2017** to Q2 2017, the total number of mortgaged residential properties with negative equity decreased 10 percent to 2.8 million homes, or 5.4 percent of all mortgaged properties.Year over year, negative equity decreased 21.9 percent from 3.6 million homes, or 7.1 percent of all mortgaged properties, from Q2 2016 to Q2 2017. "Over the last 12 months, approximately 750,000 borrowers achieved positive equity," said Dr. Frank Nothaft, chief economist for CoreLogic. "This means that mortgage risk continues to decline and, given the continued strength in home prices, CoreLogic expects home equity to rise steadily over the next year." Negative equity, often referred to as being "underwater" or "upside down," applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or both. Negative equity peaked at 26 percent of mortgaged residential properties in Q4 2009 based on CoreLogic equity data analysis, which began in Q3 2009. The national aggregate value of negative equity was approximately $284.4 billion at the end of Q2 2017. This is up quarter over quarter by approximately $200 million, or 0.1 percent, from $284.2 billion in Q1 2017 and down year over year by approximately $700 million, or 0.2 percent, from $285.1 billion in Q2 2016. "Homeowner equity reached $8 trillion in the second quarter of 2017, which is more than double the level just five years ago," said Frank Martell, president and CEO of CoreLogic. "The rapid rise in homeowner equity not only reduces mortgage risk, but also supports consumer spending and economic growth." **Q1 2017 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results. For ongoing housing trends and data, visit the CoreLogic Insights Blog: http://www.corelogic.com/blog. Methodology The amount of equity for each property is determined by comparing the estimated current value of the property against the mortgage debt outstanding (MDO). If the MDO is greater than the estimated value, then the property is determined to be in a negative equity position. If the estimated value is greater than the MDO, then the property is determined to be in a positive equity position. The data is first generated at the property level and aggregated to higher levels of geography. CoreLogic data includes more than 50 million properties with a mortgage, which accounts for more than 95 percent of all mortgages in the U.S. CoreLogic uses public record data as the source of the MDO, which includes both first-mortgage liens and second liens, and is adjusted for amortization and home equity utilization in order to capture the true level of MDO for each property. The calculations are not based on sampling, but rather on the full data set to avoid potential adverse selection due to sampling. The current value of the property is estimated using a suite of proprietary CoreLogic valuation techniques, including valuation models and the CoreLogic Home Price Index (HPI). In August 2016, the CoreLogic HPI was enhanced to include nearly one million additional repeat sales records from proprietary data sources that provide greater coverage in home price changes nationwide. The increased coverage is particularly useful in 14 non-disclosure states. Additionally, a new modeling methodology has been added to the HPI to weight outlier pairs, ensuring increased consistency and reducing month-over-month revisions. The use of the enhanced CoreLogic HPI was implemented with the Q2 2016 Equity report. Only data for mortgaged residential properties that have a current estimated value are included. There are several states or jurisdictions where the public record, current value or mortgage data coverage is thin and have been excluded from the analysis. These instances account for fewer than 5 percent of the total U.S. population. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Redfin Data Reveals Single Women Build Less Home Equity Over Time Than Single Men
New Orleans Was the Only Metro Where Women Fared Better Than Men; Single Women Built 8 Percent More Home Equity Than Single Men Over Five Years SEATTLE — For every dollar of home equity single men earned over five years, single women earned just 92 cents, according to a new report by Redfin, the next-generation real estate brokerage. Redfin looked at 199,387 homes sold in 18 of the largest metros in 2012, of which 39.9 percent were purchased by single women. On those home purchases, women earned a median $171,313 of home equity over five years compared to $186,403 of equity earned by men—a difference of $15,090 or 8.1 percent. To calculate home equity, Redfin added the initial equity from the down payment and the principal paid on the mortgage to the appreciation of the home since purchase date. Appreciation was determined by subtracting the original purchase price of the home from the current Redfin Estimate. New Orleans, LA was the only metro where women actually earned more home equity than men. Over the five-year period, single women there earned $8,784 or 8 percent more home equity than single men. Omaha, NE was the next best with women earning 0.5 percent less equity than men. Portland, OR (0.8% less); Denver, CO (2.0% less); and Oakland, CA (2.0% less) rounded out the top five best places for single female home equity. Of all the metros Redfin looked at, the gender equity gap was largest in Seattle, WA, where women earned 6.3 percent or $20,983 less equity over the five-year period. Columbus, OH (6.2% less); Baltimore, MD (6.2% less); San Francisco (6.0% less); and San Diego (5.8% less) topped the list of metros where single women fare worse compared to single men. The disparity in home equity can be attributed to several different factors including the pay gap, lower down payments made by women and higher student debt among women. "Despite differences in equity appreciation, purchasing a home can help level the playing field between men and women," said Redfin chief economist Nela Richardson. "Homeownership remains the single biggest engine for middle-class workers to create wealth over the long term. In addition to setting labor standards that encourage pay equity, more can and should be done at the federal and local levels to support female homeownership through affordable housing policies like downpayment assistance." To read the full report, complete with tips for single women homebuyers, click here. About Redfin Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $50 billion in home sales.

CoreLogic Reports May 2017 Delinquency Rate Lowest in Nearly a Decade
August 08, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.5 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in May 2017. This represents a 0.8 percentage point decline in the overall delinquency rate compared with May 2016 when it was 5.3 percent. As of May 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7 percent compared with 1 percent in May 2016. The serious delinquency rate, defined as 90 days or more past due including loans in foreclosure, was 2 percent, unchanged from April 2017 and down from 2.6 percent in May 2016. The 2 percent serious delinquency rate in April and May this year was the lowest since November 2007 when it was also 2 percent. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates, which indicate the percentage of mortgages moving from one stage of delinquency to the next. The rate for early-stage delinquencies, defined as 30-59 days past due, was 1.9 percent in May 2017, down from 2 percent in May 2016. The share of mortgages that were 60-89 days past due in May 2017 was 0.63 percent, down slightly from 0.66 percent in May 2016. "Strong employment growth and home price increases have contributed to improved mortgage performance," said Dr. Frank Nothaft, chief economist for CoreLogic. "Early-stage delinquencies are hovering around 17-year lows, and the current-to-30-day past due transition rate remained low at 0.8 percent. However, the same positive economic conditions helping performance have also contributed to a lack of affordable supply, creating challenges for homebuyers." Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30-days past due was 0.8 percent in May 2017 compared with 0.9 percent in May 2016, a 0.1 percentage point decrease year over year. By comparison, in January 2007, just before the start of the financial crisis, the current-to-30-day transition rate was 1.2 percent and it peaked in November 2008 at 2 percent. "A prolonged period of relatively tight underwriting criteria has driven delinquencies down to pre-crisis levels across many parts of the country," said Frank Martell, president and CEO of CoreLogic. "As pressure to relax underwriting standards increases, the industry needs to proceed carefully and take progressive, sensible actions that protect hard-fought improvements in mortgage performance." For ongoing housing trends and data, visit the CoreLogic Insights Blog. Methodology The data in this report represents foreclosure and delinquency activity reported through May 2017. The data in this report accounts for only first liens against a property and does not include secondary liens. The delinquency, transition and foreclosure rates are measured only against homes that have an outstanding mortgage. Homes without mortgage liens are not typically subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage. CoreLogic has approximately 85 percent coverage of U.S. foreclosure data. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Chase, Google Track Down Where Buyers Start Their House Hunt
Affordability is the key, Chase reveals in 'Search for Home Snapshot,' as it hosts the Scott Brothers at Google's NYC HQ NEW YORK--Chase Home Lending today announced, in partnership with Google, insights that show consumers are clicking their way to finding their first home and figuring out how much they can afford. Chase Home Lending today revealed the "Search for Home Snapshot" at the Google New York City headquarters, along with TV personalities, entrepreneurs and authors, Drew and Jonathan Scott, who shared tips on homebuying and home makeovers. The Chase + Google collaboration examined how and what people are searching to find more information about homeownership. The data shows search activity for first-time homebuying mortgages are at an all-time high, and affordability continues to reign as the top priority for perspective buyers. The bank's "Search for Home Snapshot" also found Southerners are Googling mortgage information more than consumers in other regions, and fixed-rate mortgages are still the preferred product for many searchers. "We teamed up with Google to help us better understand what customers are searching for and how the home buying landscape is evolving," said Mike Weinbach, Chief Executive Officer of Chase Home Lending. "We found that millennials and first-time homebuyers are making a big splash in the market, and affordability remains top of mind." "For many people, the homebuying process is filled with research. For Millennials and first-time homebuyers, we know it's particularly complex and they often turn to Google for answers to their questions about financing, for example," Suzie Reider, Managing Director of Financial Services, Google. "There's an opportunity to make that process easier by bringing attention to the key questions and issues homebuyers have today, which is why we're thrilled to partner with Chase on its Search for Home Snapshot." "There are so many paths to homeownership, but the most important thing is to find a good financial partner to act as your trusted advisor throughout the process," said Drew and Jonathan Scott. "When you surround yourself with the right partners like Chase, you will be successful." Chase Home Lending's "Search for Home Snapshot" Buying a home remains a key life milestone, but trends have shifted significantly in the last decade. Key findings from the Chase Home Lending "Search for Home Snapshot" include: First-Timers Step Up the Pace: Searches around first-time homebuying topics keep climbing. In 2017, 44% of searches in the mortgage category are for first-time buyer mortgages, up 11% from last year. That also reflects what Chase has seen in its mortgage business. Customers under age 35 accounted for 36% of Chase's new mortgages in 2016, up 16% from a year earlier. It's All about Affordability: Homebuyers are more concerned about what they can afford and are crunching the numbers. Last year, consumers made 34% more searches around affordability than the year before. The South's On the Move: Consumers in the South checked out mortgage info more than everybody else. In the last three years, the South generated 37% of mortgage searches, compared to 26% in the West, 19% in the Northeast and 18% in the Midwest. Looking to Lock In: Florida searchers checked out fixed-rate mortgages 30% more this year than last, compared to increases of 18% in New York, 9% in Illinois and 6% in California. About Chase Home Lending Chase is the second-largest originator of U.S. mortgages, originating $30 billion in new and refinanced mortgages in the fourth quarter of 2016. It services over 5.4 million home loans, and has prevented close to 1.2 million foreclosures since 2009. The business's mission is to create lifelong relationships with customers by being the most trusted provider of mortgage services that helps individuals and families realize their homeownership goals. To learn more, click HERE.

Mortgage Rates Jump
MCLEAN, VA (Jul 6, 2017) - Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage making its biggest jump since March 2017. 30-year fixed-rate mortgage (FRM) averaged 3.96 percent with an average 0.6 point for the week ending July 6, 2017, up from last week when it averaged 3.88 percent. A year ago at this time, the 30-year FRM averaged 3.41 percent. 15-year FRM this week averaged 3.22 percent with an average 0.5 point, up from last week when it averaged 3.17 percent. A year ago at this time, the 15-year FRM averaged 2.74 percent. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.21 percent this week with an average 0.5 point, up from last week when it averaged 3.17 percent. A year ago at this time, the 5-year ARM averaged 2.68 percent. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey."Global interest rates turned up sharply over the last week," Sean Becketti, chief economist, Freddie Mac. "The 10-year Treasury yield was no exception, increasing 10 basis points in a holiday-shortened week. The 30-year mortgage rate followed suit, rising 8 basis points to 3.96 percent." Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com.

CoreLogic Reports Nearly 9 Million Borrowers Have Regained Equity Since the Height of the Crisis in 2011
June 08, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its Q1 2017 home equity analysis which shows U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $766.4 billion since Q1 2016, an increase of 11.2 percent. Additionally, the average homeowner gained about $13,400 in equity between Q1 2016 and Q1 2017. In Q1 2017, the total number of mortgaged residential properties with negative equity decreased 3 percent from Q4 2016* to 3.1 million homes, or 6.1 percent of all mortgaged properties. Compared to Q1 2016, negative equity decreased 24 percent from 4.1 million homes, or 8.1 percent of all mortgaged properties. "One million borrowers achieved positive equity over the last year, which means mortgage risk continues to steadily decline as a result of increasing home prices," said Dr. Frank Nothaft, chief economist for CoreLogic. "Pockets of concern remain with markets such as Miami, Las Vegas and Chicago, which are the top three for negative equity among large metros, with each recording a negative equity share at least twice or more the national average." Negative equity, often referred to as being "underwater" or "upside down," applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or both. Negative equity peaked at 26 percent of mortgaged residential properties in Q4 2009 based on CoreLogic equity data analysis, which began in Q3 2009. The national aggregate value of negative equity was approximately $283 billion at the end of Q1 2017, down quarter over quarter by approximately $2.6 billion, or 0.9 percent, from $285.5 billion in Q4 2016 and down year over year by approximately $21.5 billion, or 7.1 percent, from $304.5 billion in Q1 2016. "Homeowner equity increased by over $750 billion during the last year, the largest increase since mid-2014," said Frank Martell, president and CEO of CoreLogic. "The rising cushion of home equity is one of the main drivers of improved mortgage performance. It also supports consumer balance sheets, spending and the broader economy." Highlights as of Q1 2017: Texas had the highest percentage of homes with positive equity at 98.4 percent, followed by Utah (98.2 percent), Washington (98.2 percent), Hawaii (98.1 percent) and Colorado (98 percent). On average, homeowner equity increased about $13,400 from Q1 2016 to Q1 2017 (for mortgaged properties). Washington had the highest year-over-year average increase at $37,900, while Alaska experienced a small decline. Nevada had the highest percentage of homes with negative equity at 12.4 percent, followed by Florida (11.1 percent), Illinois (10.5 percent), New Jersey (10.2 percent) and Connecticut (9.9 percent). These top five states combined account for 32.6 percent of outstanding mortgages in the U.S. Of the 10 largest metropolitan areas by population, San Francisco-Redwood City-South San Francisco, CA had the highest percentage of mortgaged properties in a positive equity position at 99.4 percent, followed by Denver-Aurora-Lakewood, CO (98.6 percent), Houston-The Woodlands-Sugar Land, TX (98.5 percent), Los Angeles-Long Beach-Glendale, CA (97.3 percent) and Boston, MA (95.6 percent). Of the same 10 largest metropolitan areas, Miami-Miami Beach-Kendall, FL had the highest percentage of mortgaged properties in negative equity at 15.7 percent, followed by Las Vegas-Henderson-Paradise, NV (14.2 percent), Chicago-Naperville-Arlington Heights, IL (12 percent), Washington-Arlington-Alexandria, DC-VA-MD-WV (8 percent) and New York-Jersey City-White Plains, NY-NJ (5.3 percent). *Q4 2016 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results. For ongoing housing trends and data, visit the CoreLogic Insights Blog. Methodology The amount of equity for each property is determined by comparing the estimated current value of the property against the mortgage debt outstanding (MDO). If the MDO is greater than the estimated value, then the property is determined to be in a negative equity position. If the estimated value is greater than the MDO, then the property is determined to be in a positive equity position. The data is first generated at the property level and aggregated to higher levels of geography. CoreLogic data includes more than 50 million properties with a mortgage, which accounts for more than 95 percent of all mortgages in the U.S. CoreLogic uses public record data as the source of the MDO, which includes both first-mortgage liens and second liens, and is adjusted for amortization and home equity utilization in order to capture the true level of MDO for each property. The calculations are not based on sampling, but rather on the full data set to avoid potential adverse selection due to sampling. The current value of the property is estimated using a suite of proprietary CoreLogic valuation techniques, including valuation models and the CoreLogic Home Price Index (HPI). In August 2016, the CoreLogic HPI was enhanced to include nearly one million additional repeat sales records from proprietary data sources that provide greater coverage in home price changes nationwide. The increased coverage is particularly useful in 14 non-disclosure states. Additionally, a new modeling methodology has been added to the HPI to weight outlier pairs, ensuring increased consistency and reducing month-over-month revisions. The use of the enhanced CoreLogic HPI was implemented with the Q2 2016 Equity report. Only data for mortgaged residential properties that have a current estimated value are included. There are several states or jurisdictions where the public record, current value or mortgage data coverage is thin and have been excluded from the analysis. These instances account for fewer than 5 percent of the total U.S. population. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Flagstar Closes on Acquisition of Opes Advisors
TROY, Mich., May 15, 2017 -- Flagstar Bancorp, Inc. (NYSE: FBC) today reported it has closed its previously announced transaction to acquire certain assets of Opes Advisors, Inc., a retail mortgage originator and wealth advisory firm headquartered in Cupertino, Calif. The transaction was announced April 3, 2017. This is the second acquisition Flagstar has completed this year to strengthen its position at the forefront of the mortgage industry. Flagstar acquired the delegated lending business of Stearns Lending, LLC on Feb. 28, 2017 to expand its market share in the correspondent channel. With the acquisition of Opes Advisors, Flagstar has expanded its retail mortgage origination business and significantly increased its access to high-quality purchase mortgage originations. "On behalf of all Flagstar associates, I'm pleased to welcome the talented team of Opes Mortgage and Wealth Advisors to the Flagstar family," said Alessandro P. DiNello, Flagstar's president and CEO. "This transaction is good news for both companies. Opes Advisors now has the backing of a well-capitalized bank that can help expand its successful business model to the entire country. And Flagstar now has a national retail origination platform and wealth management business that will provide best-in-class service to our customers." "We see this transaction as amazing in its opportunity for mutual growth, collaboration, and benefits," said Susan McHan, CEO, co-founder, and president of Mortgage Banking at Opes Advisors. "The added product capabilities will be a win for our clients, and the expanded opportunities for growth will be a win for our mortgage advisors and wealth advisors. We feel fortunate to have found in Flagstar the perfect partner—a long-time leader in the mortgage industry with a strategy and interest in growing its retail mortgage business." About Flagstar Flagstar Bancorp, Inc. (NYSE: FBC) is a $15.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 82 retail locations in 25 states, representing the combined retail branches of Flagstar and Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage loans, handling payments and record keeping for $83 billion of home loans representing 393,000 borrowers. For more information, please visit flagstar.com. Terms of the transaction were not disclosed.

CoreLogic Analysis Shows 5.3 Percent of Homeowners Were Late With Their Mortgage Payments in January 2017
  April 11, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released a new monthly Loan Performance Insights Report which shows that 5.3 percent of mortgages were delinquent by at least 30 days or more (including those in foreclosure) in January 2017. This represents a 1.1 percentage point decline in the overall delinquency rate compared with January 2016 when it was 6.4 percent. As of January 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.8 percent compared with 1.1 percent in January 2016. The serious delinquency rate, defined as 90 days or more past due including loans in foreclosure, was 2.5 percent, down from 3.2 percent in January 2016. Measuring early-stage delinquency rates is important for analyzing the health of the mortgage market. To more comprehensively monitor mortgage performance, CoreLogic examines all stages of delinquency as well as transition rates that indicate the percent of mortgages moving from one stage of delinquency to the next. Early-stage delinquencies, defined as 30-59 days past due, were trending lower in January 2017 at 2.1 percent compared with a year ago at 2.4 percent in January 2016. The share of mortgages that were 60-89 days past due in January 2017 was 0.7 percent, down from 0.8 percent in January 2016. Since early-stage delinquencies can be volatile, CoreLogic also analyzes transition rates. The share of mortgages that transitioned from current to 30 days past due was 0.9 percent in January 2017 compared with 1.2 percent in January 2016. By comparison, in January 2007, just before the start of the financial crisis, the current to 30-day transition rate was 1.2 percent and peaked in November 2008 at 2 percent. "Steady job and income growth, combined with full-doc underwriting, has led to low early-stage delinquencies," said Dr. Frank Nothaft, chief economist for CoreLogic. "January's 0.9 percent transition rate for current to 30 days late is lower than a year ago and much lower than the 1.5 percent average from 2000 and 2001, during which the foreclosure rate was, conversely, lower than it is today." "The 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is at a 10-year low and rapidly declining," said Frank Martell, president and CEO of CoreLogic. "While late-stage delinquencies remain in the pipeline in selected markets, early-stage delinquency performance is stellar and the lowest it's been in two decades. The continued improvement in mortgage performance bodes well for the health of the market in 2017." For ongoing housing trends and data, visit the CoreLogic Insights Blog. Methodology The data in this report represents foreclosure and delinquency activity reported through January 2017. The data in this report accounts for only first liens against a property and does not include secondary liens. The delinquency, transition, and foreclosure rates are measured only against homes that have an outstanding mortgage.  Generally, homes with no mortgage liens are not subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage. CoreLogic has approximately 85 percent coverage of U.S. foreclosure data. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Opes Advisors Named '50 Best Companies to Work For'
Cupertino, CA (March 24, 2017) – Opes Advisors, a financial advisory firm headquartered in the Silicon Valley and known for innovative mortgage lending, today announced its recognition for a "trifecta" of honors, as it was named by Mortgage Executive Magazine as one of the "50 Best Companies to Work For." Mortgage Executive Magazine also named 21 of its Mortgage Advisors to its list of "The Nation's Top 1% of Mortgage Originators," while two Mortgage Advisors – Ryan Buckholdt, based in the Opes Advisors office in Santa Cruz, California, and Nikki James, based in the Opes Advisors office in Palo Alto – made its list of "The Nation's Top 200 Mortgage Originators." "How we work together is the most critical factor to our success," said Susan McHan, CEO, Co-Founder and President of Mortgage Bank at Opes Advisors, "so we appreciate the amazing people who build our culture together at Opes Advisors. The best way we can take care of our clients is to first take care of our people, our Mortgage Advisors - and the folks who support them. This honor places us among the top 50 mortgage companies in America, and we are humbled by this recognition." McHan was quick to praise the 23 individuals at Opes Advisors for making Mortgage Executive Magazine's list of top originators in the nation by saying, "We are enormously pleased with the accomplishments of our Mortgage Advisors, who have been recognized for being in the top percentile of all mortgage originators in the U.S." "That so many of our people have received this acknowledgement clearly shows a 'flight to quality' that Mortgage Executive Magazine cited as a reason top producers have increased their success during a decade when more than 70% of the mortgage competition has disappeared." McHan added. Opes Advisors' originators recognized by Mortgage Executive Magazine include: Ryan Buckholdt | Santa Cruz, CA Nikki James | Palo Alto, CA Tracie Southerland | Palo Alto, CA Ben Lerner | San Luis Obispo, CA Bill Mott | San Luis Obispo, CA Marney Solle | Larkspur, CA Tracy Andreini | Oakland, CA Justin Arnold | Seattle, WA Noel McCord | Santa Cruz, CA Austin Andruss | San Francisco Jackson Square, CA Bob Casper | Danville, CA Ted Rossi | Menlo Park, CA Alicia Hoare | Bellevue, WA Mike Gallagher | Morgan Hill, CA Jeff Smith | Marin, CA Colton Daines | Menlo Park, CA Kyle Bailey | Bellevue, WA Phil Boos | Bellevue, WA Todd Flesner | San Jose Willow Glen, CA Adam O'Donnell | San Mateo, CA Kurt Hickam | San Jose Willow Glen, CA Nolan Solano | Solano and Napa Counties, CA Emily Bort | Bellevue, Washington | Enumclaw, WA About the Top Originator Lists Mortgage Executive Magazine compiled the most comprehensive list of "The Nation's Top 200 Mortgage Originators" and "The Nation's Top 1% of Mortgage Originators" as ranked by their total yearly mortgage volume. The minimum eligibility criteria for making the Top 1% list is a total "personal" production of at least $30 million. Both lists exclude loan volume of associate originators or junior originators that earn a commission on the same loan files. Mortgage Executive Magazine states it "seeks to recognize and celebrate the service, dedication, and hard work that leading mortgage originators put into serving their clients." About the "50 Best Companies to Work For" List Mortgage Executive Magazine notes it "conducted the most extensive loan officer survey in corporate America" to create its "50 Best Companies" list. Over 200 mortgage firms and banks participated, with more than 10,000 loan officers surveyed. The survey was limited to licensed loan originators who were presently employed by the companies they were rating. The survey asked the loan originators to rate their company's culture, loan processing, underwriting, compensation, management, marketing, and technology. The winning selections were based on total loan originator votes or average rating score. Recently, Susan McHan was recognized for her industry leadership, being named one of the most influential real estate leaders in 2017 by Inman News. Opes Advisors also has been named a "Top Mortgage Employer" by National Mortgage Professional Magazine in 2017, as well as a "Top Mortgage Lender" by Scotsman Guide in 2016. Founded in 2004, Opes Advisors has grown to become a leading mortgage bank on the West Coast and the 25th largest in the U.S., in retail volume. Its innovative approach is different from that of traditional mortgage lenders; through its proprietary technology, clients get to see the future of owning their new home inside their long term financial concerns. Clients benefit by having the confidence to make effective financial decisions about one of their biggest lifetime purchases—their home. About Opes Advisors Opes Advisors has developed the first real estate decision technology to fuse mortgage lending services with financial advice, providing clients with a personal financial model that empowers more effective home buying decisions. As both a leading, full-service mortgage bank and financial advisory firm, the company offers a wide range of competitively-priced mortgage programs, as well as financial planning and investment management from its Wealth Management division. Opes Advisors has 39 locations in California, Oregon, and Washington. Discover more information at www.opesadvisors.com.

CoreLogic Introduces Property Tax Estimator
  March 01, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced the availability of Property Tax Estimator, an automated solution designed to improve the accuracy of loan estimates (LEs) in the origination process, and to provide better data to underwriters and servicers. The solution is particularly effective in estimating taxes for new construction loans and in areas of the country that have caps on annual increases for existing homeowners, and where the taxes can increase dramatically after a sale or transfer of ownership. Property Tax Estimator is designed to significantly increase the accuracy of LEs, reducing compliance risk and improving the customer experience. By delivering highly accurate tax data early in the process, Property Tax Estimator also helps underwriters qualify the borrower's ability to financially support all mortgage costs, and improves the onboarding process for servicers. Additionally, it eliminates the need for any specialized skills required for data procurement and provides a consistent workflow process no matter the property, exemption status, county exception complexity, and loan officer tenure. Today, underwriters and processors are spending time offline contacting local counties to determine tax estimates, calculations that can be streamlined to two minutes or less by Property Tax Estimator. "The tax estimating process is critical to several stages of the mortgage cycle: disclosures, underwriting and servicing. Accurate tax estimates help deliver the right blend of quality, performance and efficiency required for optimizing the borrower experience while minimizing compliance risk," said Kirk Randlett, vice president, Tax Service Operations at CoreLogic. "Property Tax Estimator brings the full value of CoreLogic data capabilities in an Electronic Data Interchange solution that can be integrated with a lender's system." About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CoreLogic Reports 21,000 Completed Foreclosures in December 2016
  February 14, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its December 2016 National Foreclosure Report which shows the foreclosure inventory declined by 30 percent and completed foreclosures declined by 40 percent compared with December 2015. The number of completed foreclosures nationwide decreased year over year from 36,000 in December 2015 to 21,000 in December 2016, representing a decrease of 82 percent from the peak of 118,336 in September 2010. The foreclosure inventory represents the number of homes at some stage of the foreclosure process and completed foreclosures reflect the total number of homes lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 6.5 million completed foreclosures nationally, and since homeownership rates peaked in the second quarter of 2004, there have been approximately 8.6 million homes lost to foreclosure. As of December 2016, the national foreclosure inventory included approximately 329,000, or 0.8 percent, of all homes with a mortgage compared with 467,000 homes, or 1.2 percent, in December 2015. CoreLogic also reports that the number of mortgages in serious delinquency (defined as 90 days or more past due including loans in foreclosure or REO) declined by 19.4 percent from December 2015 to December 2016 with 1 million mortgages, or 2.6 percent, in serious delinquency, the lowest level since August 2007. The decline was geographically broad with year-over-year decreases in serious delinquency in 48 states and the District of Columbia. "While the decline in serious delinquency has been geographically broad, some oil-producing markets have shown the effects of low oil prices on the housing market," said Dr. Frank Nothaft, chief economist for CoreLogic. "Serious delinquency rates rose in Louisiana, Wyoming and North Dakota, reflecting the weakness in oil production." "Foreclosure and delinquency trends continue to head in the right direction powered principally by increasing employment levels, stringent underwriting standards and higher home prices over the past few years. We expect to see further declines in delinquency and foreclosure rates in 2017," said Anand Nallathambi, president and CEO of CoreLogic. "As the foreclosure inventory diminishes, we must look ahead and tackle tight housing supply and growing affordability issues which are keeping many potential homebuyers, especially first-time buyers, on the sidelines." Additional December 2016 highlights: On a month-over-month basis, completed foreclosures declined by 8.1 percent to 21,000 in December 2016 from the 23,000 reported for November 2016.* As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged about 22,000 per month nationwide between 2000 and 2006. On a month-over-month basis, the December 2016 foreclosure inventory fell 1.9 percent compared with November 2016. The five states with the highest number of completed foreclosures in the 12 months ending in December 2016 were Florida (45,000), Michigan (30,000), Texas (24,000), Ohio (21,000) and California (19,000). These five states accounted for 36 percent of all completed foreclosures nationally. Four states and the District of Columbia had the lowest number of completed foreclosures in the 12 months ending in December 2016: North Dakota (182), the District of Columbia (254), West Virginia (312), Montana (630) and Alaska (668). Four states and the District of Columbia had the highest foreclosure inventory rate in December 2016: New Jersey (2.8 percent), New York (2.7 percent), Maine (1.8 percent), Hawaii (1.7 percent) and the District of Columbia (1.6 percent). The five states with the lowest foreclosure inventory rate in December 2016 were Colorado (0.2 percent), Minnesota (0.3 percent), Utah (0.3 percent), Arizona (0.3 percent) and California (0.3 percent). *November 2016 data was revised. Revisions are standard, and to ensure accuracy CoreLogic incorporates newly released data to provide updated results. For ongoing housing trends and data, visit the CoreLogic Insights Blog. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Redfin Launches Mortgage Business
DALLAS — Jan. 26, 2017 — Redfin, the next-generation real estate brokerage, has formed Redfin Mortgage to loan money to Redfin customers buying homes. By integrating a lending operation with Redfin's existing brokerage and title businesses, the company's ultimate goal is an entirely digital process, with better service, a faster closing and lower fees. Redfin Mortgage plans to begin issuing loans in the first half of 2017, initially serving customers in Austin, Dallas, Houston and San Antonio markets. "Redfin Mortgage will put the customer first through a combination of technology and personal service," said Redfin CEO Glenn Kelman. "This approach to mortgage is the same that has made us successful serving more than 75,000 customers buying and selling homes. We'll meet customers through digital channels to lower customer acquisition costs. We'll hire our own mortgage advisers with incentives that reward service, not just sales, so customers get advice they can trust. We'll track every aspect of the closing in a single system used by mortgage advisers, real estate agents, title experts and the customer so everyone works together on an on-time closing." Redfin has hired Jason Bateman, formerly executive vice president of mortgage operations at BBVA Compass, to lead the effort. Mr. Bateman has more than 15 years of experience in the mortgage industry. He will run Redfin's mortgage operation out of a new Dallas-based office. The software engineers supporting the mortgage business are based in Seattle. "When your real estate agent, title professional and lender work together, you win," said Bateman. "Lenders should spend their time determining which loan is right for a customer, not looking for new customers. If an appraisal comes in low or an inspection turns up a problem, everyone should learn about it at the same time, without relying on telephone calls and email messages hours after the fact. Automating tasks that were once performed manually should not only lower costs, but reduce the possibility of errors that create lending risk. Our vision is the way I'd always imagined home lending should be." Redfin's real estate agents will continue our partnerships with lenders of all stripes, encouraging customers to work with the lender that offers the best combination of service and rates. There will be no incentives for Redfin real estate agents to recommend a Redfin loan. Because Redfin's mortgage service depends on integration with its brokerage operation, the company does not initially plan to support refinancings or loans to consumers who buy a home without using a Redfin agent. About RedfinRedfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $40 billion in home sales through 2016.

Among Top Home Buyer Challenges for 2017, Rising Mortgage Rates Are Dampening First-Time Buyer Plans for Spring
  SANTA CLARA, Calif., Jan. 19, 2017 -- New data from realtor.com®, a leading online real estate destination operated by News Corp subsidiary Move, Inc., suggests that the share of first-time buyers planning to buy in spring 2017 fell sharply when mortgage rates began to rise at the end of last year, dropping by as much as 10 percent since last October. At the same time, record low inventory levels, higher prices and heavy buyer competition is creating more urgency for active home buyers. "Last fall, we saw a large jump in the number of first timers planning home purchases, which was very encouraging because their market share is still well below pre-recession levels," said Jonathan Smoke, chief economist for realtor.com®. "But, as evidenced by their decline in share, first-time buyers are really dependent on financing and affordability is one of their largest barriers to home ownership. This number could continue to decline with anticipated increases in interest rates and home prices." According to realtor.com®'s January survey of active home buyers, 44 percent of buyers planning to buy in spring 2017 are first-time home buyers. This has dropped significantly since the survey was conducted in October, when 55 percent of buyers of planning a spring purchase indicated they were looking for their first home. The average 30-year conforming rate rose to more than 4.2 percent by the end of December 2016 from 3.4 percent at the end of September 2016. With average rates today about half a percentage point higher than they were in 2016, a median-priced home financed with 20 percent down would cost an additional $720 per year in added interest.  That equals more than 1 percent of the median household's income. Survey data collected by realtor.com® found that first-time buyers were nearly five times more likely than repeat buyers to say they faced challenges qualifying for a mortgage, with affordability ranking highly among first-time buyer concerns. First-time buyers comprised 32 percent of all buyers in November, according to the National Association of Realtors®. "The rise in rates is associated with an anticipation of stronger economic and wage growth, both of which favor buyers," added Smoke. "At the same time, higher rates make qualifying for a mortgage and finding affordable inventory more challenging. The decline in the share of first-time buyers since October suggests that the move up in rates is discouraging new home buyers already." To date, rising interest rates appear to be having the opposite impact on repeat home buyers. Even with the current increases, interest rates remain historically low, and the movement in rates hasn't yet tipped overall buyer demand down. It has actually sparked demand from experienced buyers trying to close before rates increase further, as evidenced by increased realtor.com® listings views and decreased inventory. In the short term, the rate movement seems to have encouraged rather than dampened overall demand. In addition to likely additional mortgage rate increases, prospective buyers should be aware of the following aspects of the housing market realtor.com® expects to see at play over the coming year. Other Significant Challenges for Home Buyers in 2017 There Aren't Enough Homes for Sale. Even after 51 straight months of a below-normal supply of homes for sale, 2017 is expected to be even more challenging. Active inventory in December on realtor.com® was down 11 percent compared to December 2015. As a result, the year has started with the lowest inventory of homes for sale at least since the recession, and possibly in decades. Inventory was a challenge all year but a stronger offseason in the fall depleted the available homes for sale even more than is typical. Prices Remain at Record Highs. Asking prices usually decrease in the fall, but this year the median list price in December, was the same as in July at $250,000. That represents a record price for December and a year over year gain of 9 percent, the highest monthly year-over-year gain in 2016. Rising Rates Have Made Demand Even More Intense. With fewer homes on the market, average listing views were up 40 to 80 percent in the last three weeks of December, compared to the same time in 2015. Multiple potential buyers seem to be interested in virtually every home on the market even though we are in the slowest time of the year for sales. About realtor.com®Realtor.com® is the trusted resource for home buyers, sellers and dreamers, offering the most comprehensive source of for-sale properties, among competing national sites, and the information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today helps make all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com.

CoreLogic Reports 26,000 Completed Foreclosures in November 2016
  January 10, 2017, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its November 2016 National Foreclosure Report which shows the foreclosure inventory declined by 30 percent and completed foreclosures declined by 25.9 percent compared with November 2015. The number of completed foreclosures nationwide decreased year over year from 35,000 in November 2015 to 26,000 in November 2016, representing a decrease of 78.2 percent from the peak of 118,339 in September 2010. The foreclosure inventory represents the number of homes at some stage of the foreclosure process and completed foreclosures reflect the total number of homes lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 6.5 million completed foreclosures nationally, and since homeownership rates peaked in the second quarter of 2004, there have been approximately 8.6 million homes lost to foreclosure. As of November 2016, the national foreclosure inventory included approximately 325,000, or 0.8 percent, of all homes with a mortgage, compared with 465,000 homes, or 1.2 percent, in November 2015. CoreLogic also reports that the number of mortgages in serious delinquency (defined as 90 days or more past due including loans in foreclosure or REO) declined by 22.1 percent from November 2015 to November 2016, with 1 million mortgages, or 2.5 percent, in serious delinquency, the lowest level since August 2007. The decline was geographically broad with year-over-year decreases in serious delinquency in 48 states and the District of Columbia. "The decline in serious delinquency has been substantial, but the default rate remains high in select markets," said Dr. Frank Nothaft, chief economist for CoreLogic. "Serious delinquency rates were the highest in New Jersey and New York at 5.6 percent and 5 percent, respectively.  In contrast, the lowest delinquency rate occurred in Colorado at 0.9 percent where a strong job market and home-price growth have enabled more homeowners to stay current." "The 7 percent appreciation in home prices through November 2016 has added an average of $12,500 in home-equity wealth per homeowner across the U.S. during the last year," said Anand Nallathambi, president and CEO of CoreLogic.  "Sustained growth in home prices is clearly bolstering homeowners' spending power and balance sheets and, as a result, spurring a continued drop in defaults." Additional November 2016 highlights: On a month-over-month basis, completed foreclosures declined by 14.1 percent to 26,000 in November 2016 from the 30,000 reported for October 2016.* As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged about 22,000 per month nationwide between 2000 and 2006. On a month-over-month basis, the November 2016 foreclosure inventory fell 2.4 percent compared with October 2016. The five states with the highest number of completed foreclosures in the 12 months ending in November 2016 were Florida (48,000), Michigan (31,000), Texas (25,000), Ohio (22,000) and Georgia (20,000). These five states account for 36 percent of completed foreclosures nationally. Four states and the District of Columbia had the lowest number of completed foreclosures in the 12 months ending in November 2016: the District of Columbia (221), North Dakota (260), West Virginia (375), Alaska (616) and Montana (627). Four states and the District of Columbia had the highest foreclosure inventory rate in November 2016: New Jersey (2.8 percent), New York (2.6 percent), Maine (1.7 percent), Hawaii (1.7 percent) and the District of Columbia (1.6 percent). The five states with the lowest foreclosure inventory rate in November 2016 were Colorado (0.2 percent), Minnesota (0.3 percent), Arizona (0.3 percent), Utah (0.3 percent) and California (0.3 percent). *October 2016 data was revised. Revisions are standard, and to ensure accuracy CoreLogic incorporates newly released data to provide updated results. For ongoing housing trends and data, visit the CoreLogic Insights Blog. Methodology The data in this report represents foreclosure activity reported through November 2016. This report separates state data into judicial versus non-judicial foreclosure state categories. In judicial foreclosure states, lenders must provide evidence to the courts of delinquency in order to move a borrower into foreclosure. In non-judicial foreclosure states, lenders can issue notices of default directly to the borrower without court intervention. This is an important distinction since judicial states, as a rule, have longer foreclosure timelines, thus affecting foreclosure statistics. A completed foreclosure occurs when a property is auctioned and results in the purchase of the home at auction by either a third party, such as an investor, or by the lender. If the home is purchased by the lender, it is moved into the lender's real estate-owned (REO) inventory. In "foreclosure by advertisement" states, a redemption period begins after the auction and runs for a statutory period, e.g., six months. During that period, the borrower may regain the foreclosed home by paying all amounts due as calculated under the statute. For purposes of this Foreclosure Report, because so few homes are actually redeemed following an auction, it is assumed that the foreclosure process ends in "foreclosure by advertisement" states at the completion of the auction. The foreclosure inventory represents the number and share of mortgaged homes that have been placed into the process of foreclosure by the mortgage servicer. Mortgage servicers start the foreclosure process when the mortgage reaches a specific level of serious delinquency as dictated by the investor for the mortgage loan. Once a foreclosure is "started," and absent the borrower paying all amounts necessary to halt the foreclosure, the home remains in foreclosure until the completed foreclosure results in the sale to a third party at auction or the home enters the lender's REO inventory. The data in this report accounts for only first liens against a property and does not include secondary liens. The foreclosure inventory is measured only against homes that have an outstanding mortgage. Generally, homes with no mortgage liens are not subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage. CoreLogic has approximately 85 percent coverage of U.S. foreclosure data. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Black Knight's Mortgage Monitor: 2.2 Million Homeowners in Negative Equity, Fewest Since Early 2007; $4.6 Trillion in Tappable Equity is Within Six Percent of Peak
JACKSONVILLE, Fla., Jan. 9, 2017 -- Today, the Data & Analytics division of Black Knight Financial Services, Inc. released its latest Mortgage Monitor Report, based on data as of the end of November 2016. In the first three quarters of 2016, as home prices continued to appreciate, one million previously underwater homeowners returned to positive equity positions, while tappable equity totals continued to rise. This month, Black Knight looked at the extent and impact of these changes on the market. As Black Knight Data & Analytics Executive Vice President Ben Graboske explained, there is a distinct geographical component at work, with regard to both the negative and tappable equity sides of the equation. "The negative equity situation has improved substantially since the height of the great recession," said Graboske. "There are now just 2.2 million homeowners left in negative equity positions, a full one million fewer than at the start of 2016. Whereas negative home equity was once a widespread national problem – with roughly 30 percent of all homeowners being underwater on their mortgages at the end of 2010 – it has now become much more of a localized issue. By and large, the majority of states have negative equity rates below the national average of 4.4 percent. There are, though, some pockets where homeowners continue to struggle. Three states in particular stand out: Nevada, Missouri and New Jersey, all of which have negative equity rates more than twice the national average. Atlantic City leads the nation, with 23 percent of its borrowers underwater, followed by St. Louis at 20 percent. We also see that lower-priced homes – those in the bottom 20 percent of prices in their communities – are nine times more likely to be underwater than those in the top 20 percent. "On the other hand, we've also seen a steady increase in the number of borrowers with tappable equity in their homes, meaning they have current combined loan-to-value (CLTV) ratios of less than 80 percent. There are now some 39 million such borrowers, with a total of $4.6 trillion in available, lendable equity. That works out to an average of about $118,000 per borrower, making for the highest market total and highest average per borrower we've seen since 2006. Even though the total equity tapped via first lien refinances hit a seven-year high of more than $70 billion over the first three quarters of 2016, that means less than two percent of available equity has been tapped so far this year. That equity also continues to be accessed safely, with the resulting average post-cash out LTV of 66 percent at near 10-year lows and the average credit score above 750. Much like the negative equity situation, tappable equity is geographically concentrated as well, although in different areas. The top 10 metropolitan areas contain half of all available lendable equity, and California alone accounts for nearly 40 percent, despite having only 16 percent of the nation's mortgages." Black Knight also looked at the impact of the rising interest rate environment on how – and if – borrowers tap into their available equity. The share of tappable equity held by borrowers with a first lien interest rate above the average 30-year fixed rate dropped from 73 percent in October to just 33 percent as of Dec. 29, 2016. Historically, borrowers with interest rates above par have been both more likely to tap into equity and more likely to refinance their entire first lien to do so (and getting a better first lien interest rate in the process). Likewise, borrowers with interest rates below par have been less likely to tap into equity, and more likely to use a second lien when they do. This suggests that HELOC lending may become a more attractive vehicle for tapping equity for the borrowers holding two-thirds of the nation's tappable equity with interest rates below par. As was reported in Black Knight's most recent First Look release, other key results include: Total U.S. loan delinquency rate: 4.46% Month-over-month change in delinquency rate: 2.55% Total U.S. foreclosure pre-sale inventory rate: 0.98% Month-over-month change in foreclosure pre-sale inventory rate: -1.35% States with highest percentage of non-current* loans: MS, LA, NJ, AL, WV States with lowest percentage of non-current* loans: ID, MT, MN, CO, ND States with highest percentage of seriously delinquent** loans: MS, LA, AL, AR, TN *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. **Seriously delinquent loans are those past-due 90 days or more. Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets. About the Mortgage MonitorThe Data & Analytics division of Black Knight Financial Services manages the nation's leading repository of loan-level residential mortgage data and performance information on the majority of the overall market, including tens of millions of loans across the spectrum of credit products and more than 160 million historical records. The company's research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for the monthly Mortgage Monitor Report. To review the full report, click here. About Black Knight Financial Services, Inc.Black Knight Financial Services, Inc. (NYSE: BKFS) 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.

Fixed Mortgage Rates Move Higher
MCLEAN, VA--(Dec 29, 2016) - Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher for the ninth consecutive week. Despite the recent jump in mortgage rates since the election, the annual average for the 30-year fixed-rate mortgage was 3.65 percent in 2016, the lowest annual average ever recorded in the Freddie Mac PMMS going back to 1971. 30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.5 point for the week ending December 29 2016, up from last week when it averaged 4.30 percent. A year ago at this time, the 30-year FRM averaged 4.01 percent. 15-year FRM this week averaged 3.55 percent with an average 0.5 point, up from last week when it averaged 3.52 percent. A year ago at this time, the 15-year FRM averaged 3.24 percent. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.30 percent this week with an average 0.5 point, down from last week when it averaged 3.32 percent. A year ago, the 5-year ARM averaged 3.08 percent. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey. "On a short week following the Christmas holiday, the 10-year Treasury yield was relatively unchanged," says Sean Becketti, chief economist, Freddie Mac. "The 30-year mortgage rate rose 2 basis points to 4.32 percent, closing the year with nine consecutive weeks of increases. As mortgage rates continue to increase, home sales and affordability will continue to be a concern for housing in 2017." Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com.

Black Knight Financial Services' First Look at November 2016 Mortgage Data: Foreclosure Starts Up from October, But Still Near 10-Year Lows
JACKSONVILLE, Fla., Dec. 22, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at November 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): 4.46%Month-over-month change: 2.55%Year-over-year change: - 9.43% Total U.S. foreclosure pre-sale inventory rate: 0.98%Month-over-month change: -1.35%Year-over-year change: - 28.88% Total U.S. foreclosure starts: 60,400Month-over-month change: 6.90%Year-over-year change: - 9.31% Monthly Prepayment Rate (SMM): 1.43%Month-over-month change: - 4.20%Year-over-year change: 56.07% Foreclosure Sales as % of 90+: 1.82%Month-over-month change: 6.95%Year-over-year change: 2.70% Number of properties that are 30 or more days past due, but not in foreclosure: 2,263,000Month-over-month change: 61,000Year-over-year change: -228,000 Number of properties that are 90 or more days past due, but not in foreclosure: 682,000Month-over-month change: 5,000Year-over-year change: -145,000 Number of properties in foreclosure pre-sale inventory: 498,000Month-over-month change: -6,000Year-over-year change: -200,000 Number of properties that are 30 or more days past due or in foreclosure: 2,761,000Month-over-month change: 55,000Year-over-year change: -428,000 Top 5 States by Non-Current* PercentageMississippi:      11.56%Louisiana:        10.09%New Jersey:     8.20%Alabama:         8.06%West Virginia:  7.94% Bottom 5 States by Non-Current* PercentageIdaho:              3.13%Montana:         2.92%Minnesota:       2.87%Colorado:         2.51%North Dakota: 2.35% Top 5 States by 90+ Days Delinquent PercentageMississippi:      3.45%Louisiana:        3.23%Alabama:         2.41%Arkansas:         2.11%Tennessee:       1.96% Top 5 States by 6-Month Improvement in Non-Current* PercentageOregon:            -9.11%Washington:     -7.57%New Jersey:     -7.41%Nevada:           -7.18%Hawaii:            -6.69% Top 5 States by 6-Month Deterioration in Non-Current* PercentageLouisiana:        10.59%Wyoming:        10.08%South Dakota:  8.34%Nebraska:        7.89%Iowa:               7.45% *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. 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 Jan. 9, 2017. 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) 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.

Freddie Mac Announces Holiday Eviction Moratorium Dec. 19, 2016 to Jan. 3, 2017
MCLEAN, VA--(Dec 12, 2016) - Freddie Mac announced today a nationwide suspension of eviction lock-outs between Dec. 19, 2016 and Jan. 3, 2017. The moratorium applies to all foreclosed, occupied homes owned by Freddie Mac. "Our announcement today is to help provide families with a greater measure of certainty during the upcoming holiday season. We also want to be sure families experiencing financial hardship are aware of the options available to them. Those who are facing possible foreclosure should reach out to their mortgage servicers and explore the alternatives that are in place to help homeowners year-round," said Chris Bowden, Senior Vice President of REO at Freddie Mac. The holiday suspension will apply to eviction lockouts on Freddie Mac-owned REO homes but will not affect other pre- or post-foreclosure activities. Companies managing local evictions for Freddie Mac may continue to file documentation as needed during the suspension period. Freddie Mac has helped more than 1.1 million financially troubled borrowers avoid foreclosure. For more information on Freddie Mac mortgage relief, visit My Home by Freddie Mac(SM). About Freddie MacFreddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for approximately one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com.

Interest Rates Are on the Minds of Consumers in Berkshire Hathaway HomeServices’ Latest Homeowner Sentiment Survey
IRVINE, Calif.--Current and prospective homeowners – particularly Millennials — remain optimistic about the state of the U.S. real estate market yet they expressed concern over the prospects of rising interest rates in Berkshire Hathaway HomeServices' latest Homeowner Sentiment Survey released today. Overall, 66% of current homeowners and 63% of prospective homeowners view the U.S. real estate market favorably – a sentiment that has remained steady throughout 2016. Notably, Millennials (defined in the survey as people ages 18-34) were the most optimistic generation, with 74% reporting a favorable view, representing a 15-percentage point jump since the same time last year1. Two-thirds of Gen-Xers (ages 35-50) also expressed a favorable view – an 8-percentage point increase from last year. While respondents showed overall confidence in the market, compared with last year, they expressed greater concern about how an increase in the Federal Reserve's benchmark interest rate may affect their ability to buy a home. Many economists expect a rate increase in December, which may exert upward pressure on mortgage rates. In fact, 76% of current homeowners and 79% of prospective homeowners cite increasing interest rates as a challenge impacting the real estate market today. These figures represent 16- and 8-percentage point jumps, respectively, from the same time last year – just before the Fed raised its benchmark rate for the first time in nearly a decade. Similarly, 44% of current homeowners and 70% of prospective buyers said they would feel anxious if mortgage rates were to go up, representing 11- and 8-percentage point jumps from last year, respectively. "People feel good about real estate because housing is doing well in many markets across America," said Gino Blefari, CEO of Berkshire Hathaway HomeServices. "Although the idea of a rate hike can grab headlines and initially create some unease, it's important to remember rate increases are often the mark of an improving, healthy U.S. economy. That is the case today." A majority of respondents acknowledged that higher mortgage rates would make it more difficult for them to buy a home. Yet, when it comes to perception of current mortgage rates, less than half of current homeowners and only 17% of prospective homeowners described them as "low." "Mortgage rates remain near historic lows, although it may not seem that way to recent, first-time buyers and those considering a home purchase," said Stephen Phillips, president of Berkshire Hathaway HomeServices. "Mortgage rates ticked up following the presidential election, and we may see rates rise a little more in response to anticipated Fed action. Still, I expect mortgage rates to remain low for the foreseeable future." A conforming, 30-year fixed-rate mortgage carried a rate of 4.125% in early December, up from 3.75% during the same period a year ago. Phillips believes conforming rates will remain below 5% for the next 2-3 years. "I anticipate moderate, steady growth for the U.S. over the next few years as Baby Boomers (ages 50-65) move into new phases of their lives and Millennials come into their own as consumers. All things considered, this is a formula for continued lower mortgage rates." Millennials Look Past 'Starter' Homes In the survey, Millennial enthusiasm was expressed in an openness to enter the real estate market. Six in 10 showed interest in purchasing a starter home. When asked about the advantages of starter homes – ones requiring TLC to be fixed over time -- Millennials recognize affordability and the opportunity to build credit and become a homeowner sooner. The top reason keeping Millennial renters on the fence -- they are saving to buy their dream home. Of those who said they're waiting for their dream home, half cited the desire to go through the home-buying process only once and 37% said they don't want the hassles of renovating an older home. "Starter homes can provide first-time buyers with independence and an attainable investment," said Blefari. "The process of buying one – while never easy – may not be as difficult as it's perceived it to be. Of course, a trusted real estate agent will be an ally to help any new buyer get a foot in the door on their way toward accomplishing longer-term real estate goals." Homeowner Sentiment on Real Estate Technology When it comes to emerging technologies in real estate, 50% of current homeowners and 49% of prospective homeowners said they were most excited about virtual reality tours as a home-buying tool. About one-quarter of prospective homeowners labeled mortgage rate calculators as "confusing," suggesting that agents can provide value in helping clients understand the mortgage process. Despite technology's growing role, nearly all current and prospective homeowners (85% and 83%, respectively) agree real estate professionals remain essential to the home-buying process for their negotiation skills, property assessments and home tours, among other services. Respondents indicated an eagerness to participate directly in the process, as six in 10 said they prefer to harness the power of a real estate agent along with respondents' own online searches and use of other available real estate tools and resources. The full survey details are available upon request. Berkshire Hathaway HomeServices Homeowner Sentiment Survey Methodology Interviews with 2,509 respondents were conducted online by Edelman Intelligence in October and November 2016. Respondents captured were either current homeowners (individuals who currently own a home as a primary residence) or prospective homeowners (individuals who do not currently own a home and are likely to buy a home as their primary residence in the next six months). The margin of error is +/-2.19% for current homeowners and +/- 4.38% for prospective homeowners. About Berkshire Hathaway HomeServices and HSF Affiliates LLC Berkshire Hathaway HomeServices, based in Irvine, CA, is a real estate brokerage network built for a new era in residential real estate. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity. Visit www.berkshirehathawayhs.com. Irvine, CA-based HSF Affiliates LLC operates Berkshire Hathaway HomeServices, Prudential Real Estate and Real Living Real Estate franchise networks. The company is a joint venture of which HomeServices of America, Inc., the nation's second-largest, full-service residential brokerage firm, is a majority owner. HomeServices of America is an affiliate of world-renowned Berkshire Hathaway Inc. Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, and are used under license with no other affiliation with Prudential. 1Statistics from last year refer to data included in the third wave of Berkshire Hathaway HomeServices' Homeowner Sentiment Survey, released in December 2015

Opes Advisors Partners with Blend to Digitize Mortgage Experience
CUPERTINO, Calif. – December 5, 2016 – Opes Advisors, an innovative mortgage lending and wealth management firm serving California, Oregon and Washington, today announced a partnership with Blend, a Silicon Valley technology company bringing mortgages into the modern age, to deliver a digital mortgage experience to its clients. The partnership brings Blend's advanced, automated platform to Opes Advisors' clients, offering a streamlined, more transparent mortgage application process. Together, Blend and Opes Advisors are creating a digital mortgage ecosystem where authorized data replaces documents and borrowers experience a simpler, faster application process using their desktop, tablet, or mobile devices. "We are dedicated to helping people make the most important financial decisions of their lives," said Jonathan Lee, Co-founder, Executive Chairman, and Chief Technology Officer at Opes Advisors. "Buying a home is an incredible milestone, and finding a way to enhance the borrower experience during the loan application process was a priority for us. Teaming up with Blend to offer a fully-digital mortgage process was a natural next step, and we couldn't be more excited to introduce the new and improved platform to our clients in 2017." According to Lee, Opes Advisors selected Blend as a technology to complement the advice of its Mortgage Advisors and elevate their valuable role in the mortgage process. With Blend, Opes Advisors will guide their clients through the loan application digitally, creating a personalized experience on each loan. The Blend platform was also selected for its customization and ability to integrate with Opes Advantage, proprietary technology of Opes Advisors that allows clients to see the financial future of owning their new home for smarter decisions. Opes Advisors originated more than $3 billion in retail originations for 2015, is on pace to surpass that growth in 2016, and expects to increase originations further following Blend's implementation. "At Blend, we're engineering solutions for a trillion-dollar industry that impacts the lives of millions of Americans each year," said Nima Ghamsari, CEO & co-founder of Blend. "As we continue to enable better lending, we're proud to partner with innovative lenders like Opes Advisors to positively impact the borrower experience for current and prospective homeowners." Opes Advisors operates on Ellie Mae's Encompass Loan Origination System. About Opes Advisors Opes Advisors has developed the first real estate decision technology to fuse mortgage lending services with financial advice, providing clients with a personal financial model that empowers more effective life decisions, such as buying a home. As both a leading, full-service mortgage bank and financial advisory firm, the company offers a wide range of competitively-priced mortgage programs, as well as financial advice and investment management from its Wealth Management division. Opes Advisors has 39 locations in California, Oregon, and Washington.

Just-Released FHA Report Shows Fresh Opportunity to Make Homeownership More Affordable
  WASHINGTON (November 15, 2016) — The Federal Housing Administration's just released actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory, a finding the National Association of Realtors® believes is an opportunity to make FHA's low-down-payment mortgage option available to an even broader swath of borrowers. "FHA's actuarial report shows that the fund has indisputably found its footing," said NAR President William E. Brown, a Realtor® from Alamo, California and founder of Investment Properties. "That's good news for taxpayers, and a reflection of FHA's sound stewardship. It's clear from this report that FHA can continue taking responsible steps to manage their risk even as they take action to make homeownership more affordable for lower- and middle-income buyers." FHA's MMIF is responsible for paying lenders if a mortgagor defaults. In a sign of continuing health, the report shows that the fund's "seriously delinquent" rate is at a ten-year low, while the overall economic value of the fund has increased by $3.8 billion. Last year the MMIF also achieved a 2 percent capital reserve ratio for the first time since the Great Recession. This marked an important benchmark showing that the fund had strongly rebounded, a finding reinforced by the 2.3 percent capital reserve ratio FHA reported today. FHA also reported a 3.2 percent reserve ratio for the "forward" program, which encompasses FHA's non-Home Equity Conversion Mortgage portfolio. NAR believes that the report would have appeared even stronger if not for weaknesses in the HECM program. In light of the MMIF's increasingly good health, NAR is encouraging FHA to reduce mortgage insurance premiums to better reflect the risk in the marketplace and fulfill its mission of serving low- and moderate-income borrowers. According to NAR estimates, the 50-basis-point premium cut announced in January 2015 provided an annual savings of $900 for nearly 2 million FHA homeowners. A recent Federal Reserve study also found that the January 2015 reduction in mortgage insurance premiums had a quick and significant effect on FHA mortgage volume. NAR also supports eliminating "life of loan" mortgage insurance, which borrowers must continue to pay until the loan is extinguished or refinanced. Conventional mortgage products, by contrast, traditionally require mortgage insurance only until a sufficient amount of equity is achieved on the property. "FHA mortgages are an important option for buyers, but high premiums and lifetime insurance requirements can take that option right off the table," Brown said. "By lowering premiums and eliminating life of loan mortgage insurance, FHA can expand on their work to serve a broad population of homebuyers. We look forward to working with them in the months ahead to bring these changes to light." The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing over 1.1 million members involved in all aspects of the residential and commercial real estate industries.

DocuSign to Make eMortgage a Reality with New Platform Enhancements
BOSTON, Oct. 25, 2016 -- At the annual Mortgage Bankers Association (MBA) conference and expo here today, DocuSign – the global eSignature and Digital Transaction Management (DTM) leader – announced a series of expanded features that will allow lenders and title companies to complete a mortgage 100% digitally. Known as eMortgage, the new service will empower lenders and their clients to electronically-sign the mortgage paperwork associated with the more than 12 million real estate documents and 2.5 million real estate transactions already DocuSigned every year. The news marks an expansion of DocuSign's 'lead to close' strategy for the real estate industry, first announced by the company's Chairman and CEO Keith Krach in July this year. The strategy entailed DocuSign making its biggest investment in the real estate industry to date. "DocuSign's vision is to make the home buying process fully digital, from lead to close. DocuSign has transformed several aspects of home buying, but enabling a seamless, digital mortgage remained a paper-burdened experience for home buyers and sellers. Today's expanded investments in eNotary demonstrate our commitment to making a completely paperless eMortgage reality," explained Georg Gerstenfeld, general manager: Global Real Estate Solutions, DocuSign. "This is against the backdrop of the real estate industry's widespread adoption of DocuSign, and is helping to add more than 130,000 new users to the DocuSign Global Trust Network every day. eMortgage is a natural next step to simplifying the end-to-end experience." Today's announcement centers around two key areas: eNotary – this enhancement ensures that in-person eNotarizations can now be performed via DocuSign in Florida and Washington (in addition to North Carolina, which has been available since 2014). It is also expected that more than ten other states could be added before the end of the year. With eNotary, there is no need to print, scan or mail closing documents – all actions can be performed within the DocuSign platform, including applying a seal and exporting a notary log. Fannie Mae – reflecting the potential for the DocuSign platform to help speed the adoption of the broader eMortgage process, the company (with eOriginal as a partner) is seeking certification as an official Fannie Mae eMortgage Technology Service Provider – a certification that only a handful of technology organizations have been granted by the mortgage lender. Certification is expected by the end of year. Several of DocuSign's partners and customers have thrown their weight behind today's announcement – including Fannie Mae and Accenture Mortgage Cadence. "Fannie Mae is pleased that DocuSign is undergoing technical compliance testing with us for delivery of eMortgage loans, and is seeking approval to join our eMortgage Technology Service Provider listing," said Cindy McKissock, Vice President of Customer Digital Experience, Fannie Mae. "Supporting our customers' transition to digital closings is a priority for us – and we expect DocuSign's platform to help remove barriers and obstacles to the adoption of eNotes, thereby increasing usage across the industry." For its part, Mortgage Cadence, an Accenture Company – an existing DocuSign partner – is excited about this focus on eMortgages. "Mortgage Cadence is committed to making digital mortgages a reality. Combined with DocuSign's digital mortgage strategy, these additional enhancements align well with our own vision to provide the last lending solution our customers will ever need," said Jim Rosen, Document Center Product Manager at Mortgage Cadence. "Today, lenders and title companies tend to rely on paper or hybrid processes to complete loans," explained DocuSign's Chief Product Officer, Ron Hirson. "We are supporting our Real Estate customers for today's launch by delivering new eNotary and eNote features to our DTM platform – that helps more organizations move to a paperless process that is fully auditable, less prone to errors, and results in faster closings." The enhanced features are slated to come to market towards the end of the year. For more information, visit www.docusign.com.

ALTA Consumer Survey Shows 40 Percent Confused by Title Fee Calculation on Closing Disclosure
WASHINGTON, DC--(September 28, 2016) - Over 40 percent of American homebuyers feel taken advantage of or are confused by the calculation of title insurance fees on the Consumer Financial Protection Bureau's (CFPB) new mortgage disclosures, according to a new study by the American Land Title Association (ALTA). In July, ALTA partnered with Survata, a national market research company, to collect data on consumer experiences related to their purchase of title insurance and the new CFPB mandated mortgage disclosures. A nationally recognized leader in online consumer research, Survata works with universities, advertising companies and Fortune 500 companies to gather consumer data to help organizations make informed decisions. ALTA's survey, which polled 2,000 current and prospective homeowners (planning to buy within the next year), revealed that homeowners find the CFPB's new mortgage disclosures confusing or deceiving. "We've heard countless stories from ALTA members about consumer confusion at the closing table and this survey confirms our concern from the consumer's point of view," said Michelle Korsmo, ALTA's chief executive officer. "The Bureau's goal was to make the process of getting a mortgage easier and to help consumers understand the key features, costs and risks of a loan. Unfortunately, results of ALTA's consumer survey reveal the CFPB's mortgage disclosures are not meeting this objective. Since the true cost of title insurance is not reflected in TRID, when a consumer learns that the disclosed price of title insurance is wrong and misleading, the consumer loses confidence in the process and feels taken advantage of." 10 Percent Is 10 Percent Too Many The survey found that over 30 percent of homebuyers find the new Closing Disclosure confusing. More troubling, another 10 percent of homebuyers feel taken advantage of when reviewing the current calculation of an owner's title insurance policy on the Closing Disclosure. "It is unacceptable for any homebuyer to feel mistreated as they consider the true costs of homeownership," said Korsmo. "This is equivalent to everyone living in the entire metro area of Milwaukee, Wisconsin, feeling deceived during their mortgage transaction. The CFPB should address this issue and amend the rules to accurately disclose the cost of protecting a consumer's property rights with title insurance." "A" for Effort -- But Misses the Mark on Fixing Disclosures Along with measuring consumer reactions to the inaccurate disclosure of title insurance costs, ALTA now has a broader understanding about what consumers actually want from their mortgage disclosures. According to ALTA's survey, the most important factor homeowners want on their Closing Disclosure is a detailed breakdown of all the costs for a service. Secondly, consumers want the ability to easily compare cost estimates to final fees on the disclosure. Third, homeowners want to compare the disclosures to the actual costs they will pay and confirm that the seller is paying the accurate amount. "While the CFPB has accomplished some of the things most important to homebuyers, consumers would value their mortgage disclosures more if the CFPB showed the accurate costs of title insurance instead of the incremental costs," Korsmo stated. "The CFPB has an obligation to make this simple change to more accurately disclose the cost of title insurance. We strongly urge the Bureau to make this change in this rulemaking to ensure that the millions of Americans purchasing property this year better understand their financial investment in their home." Consumer Education Continues Consumers make the decision to protect their property rights with title insurance prior to arriving at the closing table. Consumer education remains critical for the land title insurance industry as well as the CFPB as ALTA's survey also indicates that the most important factor for consumers in making the decision to purchase an owners title insurance policy is a full understanding of the benefit of the service to them. "ALTA and its members are committed to educating consumers about how title insurance provides peace of mind by protecting their property rights," Korsmo continued. "An equal commitment from the Bureau is needed to ensure that confusion over the price of title insurance does not undercut these efforts. Consumers will benefit from having the actual cost of title insurance disclosed on the mortgage disclosures. This is not only supported by ALTA's research, but also by our members' experiences everyday at closing tables across the country." About ALTA The American Land Title Association, founded in 1907, is the national trade association representing 6,100 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys. With offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that helps protect the property rights of millions of American homebuyers every year.

Black Knight's First Look at August Mortgage Data: Prepayments Skyrocket, Fueled by Post-'Brexit' Activity, Hit Highest Single-Month Rate in Over Three Years
JACKSONVILLE, Fla., Sept. 22, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" at August 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): 4.24%Month-over-month change: -6.04%Year-over-year change: -11.41% Total U.S. foreclosure pre-sale inventory rate: 1.04%Month-over-month change: -4.25%Year-over-year change: -29.91% Total U.S. foreclosure starts: 68,800Month-over-month change: 12.23%Year-over-year change: -9.71% Monthly Prepayment Rate (SMM): 1.67%Month-over-month change: 31.70%Year-over-year change: 52.27% Foreclosure Sales as % of 90+: 2.15%Month-over-month change: 8.15%Year-over-year change: 20.26% Number of properties that are 30 or more days past due, but not in foreclosure: 2,151,000Month-over-month change: -135,000Year-over-year change: -262,000 Number of properties that are 90 or more days past due, but not in foreclosure: 669,000Month-over-month change: -26,000Year-over-year change: -156,000 Number of properties in foreclosure pre-sale inventory: 527,000Month-over-month change: -23,000Year-over-year change: -221,000 Number of properties that are 30 or more days past due or in foreclosure: 2,678,000Month-over-month change: -158,000Year-over-year change: -483,000 Top 5 States by Non-Current* PercentageMississippi: 11.09%Louisiana: 9.79%New Jersey: 8.28%Alabama: 7.82%West Virginia: 7.81% Bottom 5 States by Non-Current* PercentageSouth Dakota: 3.03%Montana: 2.93%Minnesota: 2.76%Colorado: 2.43%North Dakota: 2.25% Top 5 States by 90+ Days Delinquent PercentageMississippi: 3.48%Louisiana: 2.75%Alabama: 2.35%Arkansas: 2.01%Tennessee: 1.94% Top 5 States by 6-Month Improvement in Non-Current* PercentageOregon: -17.44%Nevada: -16.60%New Jersey: -14.81%Hawaii: -14.71%Washington: -14.33% Top 5 States by 6-Month Deterioration in Non-Current* PercentageWyoming: 9.25%Alaska: 7.98%Louisiana: 3.95%North Dakota: 3.71%South Dakota: 1.68% *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets. 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/20160922.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 Oct. 3, 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.

Serving those who Served: The Patriot Program propels Realtors® into the untapped Veteran real estate market
NEW YORK, NY, UNITED STATES, September 12, 2016 — VA Loan Captain, a veteran-owned business based in New York City, has, in conjunction with the National Association of Realtors, officially launched the Patriot Program™. The Patriot Program™ is an all-new platform designed to help Realtors® reach and serve military and veteran home buyers and sellers. Grant Moon, CEO of VA Loan Captain, returned from Iraq in 2008 hoping to use his VA Home Loan benefit to affordably achieve a piece of the American dream. Only after closing on the home did Major Moon and his Realtor® realize that he had overpaid for his VA Loan. Every year, many service members just like Major Moon are taken advantage of by predatory lenders(1). In 2015, the Department of Justice determined that 5 of the nation's largest banks illegally foreclosed on hundreds of servicemembers(2). After hearing about the astonishingly poor, and potentially ruinous, experiences of his fellow veterans, Major Moon founded VA Loan Captain to educate the military community about the benefits guaranteed to them by the VA, and to prevent irresponsible lenders from exploiting other veterans. "All of our affiliate lenders are VA Approved, and waive their loan origination fees for veterans," says Moon. The Patriot Program™ furthers VA Loan Captain's mission by bringing Realtors® into the fight. The platform provides Realtors® and veterans with the resources they need to successfully navigate the VA Loan process. At its core, The Patriot Program™ is a comprehensive, online toolkit for Realtors®. Every Realtor® that joins The Patriot Program™ has their own customizable website and professionally designed marketing collateral to specifically attract new military clientele. The site also features a VA Loan marketplace, learning center, and portal where Realtors® can track their leads. "Understanding the VA Loan process is crucial when helping military service members and veterans. Having a platform that supports the education of Realtors® and consumers is important," said Nick Sharma, Director of Product. "Military members and veterans deserve exceptional service, and with this product, that service can be provided."

U.S. Home Loan Originations Decrease 4 Percent in Q2 2016 Despite Rise in Purchase and HELOC Originations
IRVINE, Calif. – Sept. 1, 2016 — ATTOM Data Solutions, the nation's leading source for comprehensive housing data and the new parent company of RealtyTrac, today released its Q2 2016 U.S. Residential Property Loan Origination Report, which shows nearly 1.9 million (1,868,187) loans were originated on U.S. residential properties (1 to 4 units) in the second quarter of 2016, up 26 percent from the a two-year low in the previous quarter quarter but down 4 percent from a year ago. The loan origination report is derived from publicly recorded mortgages and deeds of trust collected by ATTOM Data Solutions in more than 950 counties accounting for more than 80 percent of the U.S. population. The 4 percent year-over-year decrease in total originations was driven by a 12 percent year-over-year decrease in refinance originations — the second consecutive quarter with an annual decrease. Conversely, purchase originations increased 1 percent from a year ago — the eighth consecutive quarter with an annual increase — and Home Equity Line of Credit (HELOC) originations increased 5 percent from a year ago — the 17th consecutive quarter with an annual increase. "Homeowners are increasingly tapping the home equity that many have built up during the last four years of rapidly rising home prices," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "Meanwhile those rapidly rising prices are also locking some non-cash buyers out of red-hot but high-priced markets, resulting in weaker purchase loan originations in places like Denver, San Francisco, Portland and Dallas. On the other hand, more affordable markets such as Cleveland, Kansas City and Boise are posting double-digit increases in purchase loan originations." Dallas, Birmingham, Phoenix post biggest increases in HELOC originations Among the 73 metropolitan statistical areas with a population of at least 500,000 and at least 5,000 total loan originations in Q2 2016, those with the biggest year-over-year increases in HELOC originations were Dallas (up 36 percent); Birmingham, Alabama (up 30 percent); Phoenix (up 28 percent); Sacramento (up 27 percent); and Seattle (up 25 percent). "The combination of rapidly rising home prices and historically low interest rates has resulted in a substantial increase in the number of homeowners taking out a home equity line of credit (HELOC) in the greater Seattle area," said Matthew Gardner, chief economist atWindermere Real Estate, covering the Seattle market. "I believe the popularity of HELOCs compared to cash-out refinances is likely due to the fact that interest rates are traditionally lower for HELOCs. Additionally, if equity is withdrawn during a refinance, homeowners must begin paying back the funds immediately, whereas a HELOC allows you to use the funds as needed." Other markets among the top 10 for biggest year-over-year increase in HELOC originations were and Columbus, Ohio (up 25 percent); Provo-Orem, Utah (up 24 percent); Denver (up 24 percent); Orlando (up 24 percent); and Cleveland, Ohio (up 23 percent). "With an aging housing inventory across Ohio, we are seeing a resurgence of consumers electing to invest in their current homes, and utilize the increased availability of HELOCS for funding such needed repairs as new roofs, remodeling, and home addition projects," said Michael Mahon, president at HER Realtors, covering the Ohio housing markets of Dayton, Columbus and Cincinnati. HELOC originations increased 21 percent in Dayton and 17 percent in Cincinnati compared to a year ago. "With our strong appreciation in South Florida over the past few years, many property owners are hedging their bets and locking in a low-rate HELOC that gives them flexibility and options in the coming years," said Mike Pappas, CEO and president at the Keyes Company, covering South Florida, where HELOC originations increased 19 percent in Q2 2016 compared to a year ago. Cleveland, Kansas City, Boise post biggest increase in purchase originations Among the 73 metro areas analyzed in the report, those with the biggest year-over-year increases in purchase loan originations in Q2 2016 were Cleveland, Ohio (up 31 percent); Kansas City (up 21 percent); Boise, Idaho (up 20 percent); Dayton, Ohio (up 17 percent); and Rochester, New York (up 15 percent). Other markets among the top 10 for biggest year-over-year increases in purchase loan originations were Columbia, South Carolina (up 13 percent); Atlanta (up 13 percent); Milwaukee (up 12 percent); Deltona-Daytona Beach-Ormond Beach, Florida (up 11 percent); and Colorado Springs (up 11 percent). Denver, Houston, San Francisco post decreases in purchase loan originations Among the 73 metro areas analyzed in the report, those with the biggest year-over-year decreases in purchase loan originations in Q2 2016 were Honolulu, Hawaii (down 16 percent); Denver (down 8 percent); Louisville, Kentucky (down 7 percent); Houston (down 7 percent); and San Francisco (down 6 percent). Other markets among the top 10 for biggest year-over-year declines in purchase loan originations were Bakersfield, California (down 6 percent); Portland (down 5 percent); Oxnard-Thousand Oaks-Ventura, California (down 5 percent); Dallas (down 5 percent); and Detroit (down 4 percent). Philadelphia, Cincinnati, Madison post biggest declines in refi originations Among the 73 metro areas analyzed in the report, those with the biggest year-over-year decreases in refinance loan originations were Philadelphia (down 26 percent); Cincinnati (down 25 percent); Madison, Wisconsin (down 24 percent); Baltimore (down 23 percent); and New York (down 23 percent). Other markets among the top 10 for biggest year-over-year declines in refi originations were Louisville, Kentucky (down 20 percent); Washington, D.C. (down 20 percent); Allentown, Pennsylvania (down 19 percent); Chicago (down 18 percent); and Fresno, California (down 17 percent). VA loan originations increase 14 percent to highest level in 10 years A total of 136,248 loans backed by the U.S. Department of Veterans Affairs (VA) were originated in Q2 2016, up 35 percent from the previous quarter and up 14 percent from a year ago to the highest level for any quarter included in the scope of the report — going back to Q1 2006. VA loans accounted for 8.7 percent of all purchase and refi originations in the second quarter, the highest share also going back to Q1 2006. A total of 273,356 loans backed by the Federal Housing Administration (FHA) were originated in Q2 2016, up 29 percent from the previous quarter but down 17 percent from a year ago. FHA loans accounted for 17.5 percent of all purchase and refi loan originations in the second quarter, unchanged from the previous quarter but down from 19.9 percent in the second quarter of 2015. A total of 11,377 residential construction loans were originated in Q2 2016, up 16 percent from the previous quarter and up 1 percent from a year ago. Construction loans — which are loans that finance improvements to real estate — accounted for less than 1 percent of all purchase and refi loan originations in the second quarter. Report methodology ATTOM Data Solutions analyzed recorded mortgage and deed of trust data for single family homes, condos, town homes and multi-family properties of two to four units for this report. Each recorded mortgage or deed of trust was counted as a separate loan origination. Dollar volume was calculated by multiplying the total number of loan originations by the average loan amount for those loan originations. About ATTOM Data SolutionsATTOM Data Solutions is the curator of the ATTOM Data Warehouse, a multi-sourced national property database that aggregates property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, health hazards, neighborhood characteristics and other property characteristic data for more than 150 million U.S. properties. The ATTOM Data Warehouse delivers actionable data to businesses, consumers, government agencies, universities, policymakers and the media in multiple ways, including bulk file licenses, APIs and customized reports. ATTOM Data Solutions also powers consumer websites designed to promote real estate transparency: RealtyTrac.com is a property search and research portal for foreclosures and other off-market properties; Homefacts.com is a neighborhood research portal providing hyperlocal risks and amenities information; HomeDisclosure.com produces detailed property pre-diligence reports.

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: 61,300Month-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: 2,286,000Month-over-month change: 108,000Year-over-year change: -70,000 Number of properties that are 90 or more days past due, but not in foreclosure: 695,000Month-over-month change: 3,000Year-over-year change: -147,000 Number of properties in foreclosure pre-sale inventory: 550,000Month-over-month change: -8,000Year-over-year change: -214,000 Number of properties that are 30 or more days past due or in foreclosure: 2,836,000Month-over-month change: 100,000Year-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: Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets. 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.

Black Knight Financial Services' First Look at June Mortgage Data: Foreclosure Starts Up for Second Consecutive Month; Prepays Rise on Historically Low Rates
JACKSONVILLE, Fla., July 26, 2016 -- The Data & Analytics division of Black Knight Financial Services, Inc. reports the following "first look" atJune 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. foreclosure pre-sale inventory rate: 1.10%Month-over-month change: -2.57%Year-over-year change: -29.35% Total U.S. foreclosure starts: 69,300Month-over-month change: 11.59%Year-over-year change: -11.27% Monthly Prepayment Rate (SMM): 1.44%Month-over-month change: 10.30%Year-over-year change: 3.24% Foreclosure Sales as % of 90+: 2.31%Month-over-month change: 13.54%Year-over-year change: 20.65% Number of properties that are 30 or more days past due, but not in foreclosure: 2,178,000Month-over-month change: 25,000Year-over-year change: -237,000 Number of properties that are 90 or more days past due, but not in foreclosure: 692,000Month-over-month change: -27,000Year-over-year change: -161,000 Number of properties in foreclosure pre-sale inventory: 558,000Month-over-month change: -16,000Year-over-year change: -231,000 Number of properties that are 30 or more days past due or in foreclosure: 2,736,000Month-over-month change: 9,000Year-over-year change: -468,000 Top 5 States by Non-Current* Percentage Mississippi: 11.19% Louisiana: 9.18% New Jersey: 8.81% Alabama: 7.97% Maine: 7.83% Bottom 5 States by Non-Current* Percentage Montana: 3.04% South Dakota: 3.04% Minnesota: 2.78% Colorado: 2.60% North Dakota: 2.39% Top 5 States by 90+ Days Delinquent Percentage Mississippi: 3.56% Louisiana: 2.65% Alabama: 2.44% Arkansas: 2.09% Tennessee: 2.02% Top 5 States by 6-Month Improvement in Non-Current* Percentage Nevada: -16.09% Washington: -15.91% Florida: -15.79% Arizona: -14.27% Oregon: -13.90% Top 5 States by 6-Month Deterioration in Non-Current* Percentage Alaska: 12.75% North Dakota: 10.49% Wyoming: 4.18% Vermont: -6.69% Louisiana: -7.29% *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: Totals are extrapolated based on Black Knight Financial Services' loan-level database of mortgage assets. 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/20160726.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 Aug. 1, 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.

Homebuyers Gain Expanded Access to Education, Down Payment Help During National Homeownership Month
ATLANTA, GA, June 15, 2016 – Atlanta-based Down Payment Resource (DPR) and eHome America today announced an expanded partnership to enhance awareness of both online homebuyer education and the availability of programs for down payment and closing cost help, tax credits and affordable mortgages. Homebuyers now benefit from a redesigned online education platform that allows them to directly explore available homeownership programs. Since 2014, eHome America's nonprofit counseling network have used DPR's search platform to match clients to down payment help. Now, homebuyers can visit a new program search page to learn more about down payment help and get registered for its improved online course. The course also allows consumers to search, find and explore all the details for programs that accept a certificate from eHome America to meet homebuyer education requirements. The joint effort aims to not only increase the awareness of down payment help and educate more buyers, but also onboard more homeownership program providers with eHome's online education platform. As more state and local Housing Finance Agencies (HFAs) adopt and accept online education to meet their program requirements, more buyers will learn they can achieve homeownership. DPR tracks nearly 2,500 homeownership programs administered by 1,300 program providers. The average down payment benefit is more than $8,000. Most programs require homebuyer education and, according to DPR's research, more than half of the programs now accept online education. "Homebuyer education is critical to the development of successful homeowners," said Rob Chrane, CEO of Down Payment Resource. "Today's homebuyers begin online. We're pleased to work with eHome America to integrate down payment program search into homebuyer education so we can reach buyers where they are." eHome America educates nearly 8,000 homebuyers monthly with its convenient online platform and the personal touch of a trusted, local nonprofit advisor. The platform, also available in Spanish, has helped more than 200,000 homebuyers secure education certificates since 2009. "We're seeing increasing adoption of online education by HFAs and other lenders, as well as boarder awareness of down payment assistance. Together with DPR, we are educating more than 250 homebuyers every day," said Milt Sharp, president of the eHome Network. "It's been exciting to see how together we can inform and motivate first-time buyers while at the same time giving them the foundation for long-term success as homeowners." About eHome America eHome America is an interactive, web-based education program for prospective homebuyers that is linked to local nonprofit HUD-approved housing counseling agencies. The program was developed in 2009 by Community Ventures Corporation, a nonprofit agency based in Lexington, KY. Community Ventures Corporation is a HUD-approved counseling agency and a member of the national NeighborWorks Network. About Down Payment Resource Down Payment Resource (DPR) creates opportunity for homebuyers, Realtors and lenders by uncovering programs that get people into homes. The company tracks nearly 2,500 homebuyer programs through its housing finance agency partners. Winner of the 2011 Inman News Innovator "Most Innovative New Technology" award, DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. For more information, please visit www.DownPaymentResource.com.