From Black Knight: Black Knight Financial Services’ First Look at December 2016 Mortgage Data



• The inventory of loans in active foreclosure nationwide declined by more than 200,000 in 2016



• Delinquencies were down 0.91 percent from November 2016 and 7.5 percent from December 2015



• December’s 59,700 foreclosure starts represented a 24 percent decline from the same time last year



• Pre-payment activity continues to slow, down 5.5 percent from November

Black Knight: Percent Loans Delinquent and in Foreclosure Process Dec

2016 Nov

2016 Dec

2015 Dec

2014 Delinquent 4.42% 4.46% 4.78% 5.62% In Foreclosure 0.95% 0.98% 1.37% 1.75% Number of properties: Number of properties that are delinquent, but not in foreclosure: 2,248,000 2,263,000 2,408,000 2,833,000 Number of properties in foreclosure pre-sale inventory: 483,000 498,000 689,000 881,000 Total Properties 2,731,000 2,761,000 3,097,000 3,715,000

According to Black Knight's First Look report for December, the percent of loans delinquent decreased 0.9% in December compared to November, and declined 7.5% year-over-year.The percent of loans in the foreclosure process declined 3.3% in December and were down 30.5% over the last year.Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.42% in December, down from 4.46% in November.The percent of loans in the foreclosure process declined in December to 0.95%.The number of delinquent properties, but not in foreclosure, is down 286,000 properties year-over-year, and the number of properties in the foreclosure process is down 206,000 properties year-over-year.Black Knight will release the complete mortgage monitor for December by February 6th.