Black Knight’s First Look at August 2017 Mortgage Data: Hurricane Harvey Impact Already Being Felt in the Mortgage Market as Delinquencies Jump 16 Percent in Affected Areas

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

JACKSONVILLE, Fla., Sept. 21, 2017 -- The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE:BKFS) reports the following “first look” at August 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure):​ 3.93%
Month-over-month change: 0.72%
Year-over-year change: -7.27%

Total U.S. foreclosure pre-sale inventory rate: 0.76%
Month-over-month change: -3.27%
Year-over-year change: -27.23%

Total U.S. foreclosure starts: 54,700
Month-over-month change: 2.63%
Year-over-year change: -20.49%

Monthly Prepayment Rate (SMM): 1.13%
Month-over-month change: 11.47%
Year-over-year change: -32.23%

Foreclosure Sales as % of 90+: 2.12%
Month-over-month change: 7.98%
Year-over-year change: -1.64%

Number of properties that are 30 or more days past due, but not in foreclosure: ​2,003,000
Month-over-month change: 17,000
Year-over-year change: -148,000

Number of properties that are 90 or more days past due, but not in foreclosure: ​557,000
Month-over-month change: 2,000
Year-over-year change: -112,000

Number of properties in foreclosure pre-sale inventory: ​385,000
Month-over-month change: -13,000
Year-over-year change: -142,000

Number of properties that are 30 or more days past due or in foreclosure: ​2,389,000
Month-over-month change: 5,000
Year-over-year change: -289,000

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
1) Totals are extrapolated based on Black Knight Financial Services’ loan-level database of mortgage assets.
2) All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.

For a more detailed view of this month’s “first look” data, please visit the Black Knight newsroom at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20170921.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. 2, 2017.

For more information about gaining access to Black Knight’s loan-level database, please send an email to [email protected].

About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE:BKFS) is a leading provider of integrated software, 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 software, 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.

For more information:

Michelle Kersch
904.854.5043
[email protected] 

Mitch Cohen          
646.926.7741
[email protected]