From Black Knight: Black Knight’s First Look: May 2018 Sees Second Fewest Foreclosure Starts in 17 Years; Active Foreclosure Inventory on Pace to Hit Pre-Recession Average in Early Q3 2018



• At 44,900, May 2018 saw the second lowest monthly foreclosure starts in more than 17 years



• Just 303,000 mortgages remain in active foreclosure; at 0.59 percent, the national foreclosure rate is now at its lowest point in 15 years



• At the current rate of decline, national foreclosure inventories are on pace to hit the pre-recession average (2000-2005) in early Q3 2018



• May marked five consecutive months of declining delinquencies, as post-hurricane improvement continues



• Delinquency improvements in hurricane-affected areas more than offset slight increases in non-impacted markets in May, dropping the national delinquency rate to its lowest level in 15 months

Black Knight: Percent Loans Delinquent and in Foreclosure Process May

2018 Apr

2018 May

2017 May

2016 Delinquent 3.64% 3.67% 3.79% 4.25% In Foreclosure 0.59% 0.61% 0.83% 1.13% Number of properties: Number of properties that are delinquent, but not in foreclosure: 1,867,000 1,885,000 1,927,000 2,153,000 Number of properties in foreclosure pre-sale inventory: 303,000 314,000 421,000 574,000 Total Properties 2,171,000 2,199,000 2,348,000 2,727,000

According to Black Knight's First Look report for May, the percent of loans delinquent decreased 0.8% in May compared to April, and decreased 4.1% year-over-year.The percent of loans in the foreclosure process decreased 3.3% in May and were down 28.7% 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 3.64% in May, down from 3.67% in April.The percent of loans in the foreclosure process decreased in May to 0.59%.The number of delinquent properties, but not in foreclosure, is down 60,000 properties year-over-year, and the number of properties in the foreclosure process is down 118,000 properties year-over-year.