Black Knight : First Look at December 2022 Mortgage Data

• The national delinquency rate inched up 7 basis points in the month to 3.08%, but finished the year 30 basis points (-9%) below its December 2021 level
• Prepayment activity fell to 0.39% - with single month mortality (SMM) hitting its third consecutive record low dating back to 2000 when Black Knight began reporting the metric
• Serious delinquencies (90+ days past due) continued to improve nationally despite an 8.7K rise in Florida in the wake of Hurricane Ian, with 44 other states seeing seriously past-due volumes decline in the month
• Borrowers 30 days late increased by 40K, up 4.8%, while 60-day delinquencies stayed flat
• Foreclosure starts increased by 15% in the month to 26,900 - the third consecutive increase, but still 30% below pre-pandemic levels
• Foreclosure was started on 4.9% of serious delinquencies in December, up from November, but still 46% below the start rate seen in December 2019 prior to the pandemic
• Active foreclosure inventory rose by 2.3% in the month, though volumes remained subdued throughout 2022 after the record lows of 2021 due to widespread moratoriums and forbearance protections

JACKSONVILLE, Fla. - Jan. 25, 2023 - Black Knight, Inc. (NYSE:BKI) reports the following "first look" at December 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

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

Notes:

• Totals are extrapolated based on Black Knight's 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.

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 https://www.blackknightinc.com/data-reports/ by Feb. 6, 2023.

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

About Black Knight

Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serving their customers. For more information on Black Knight, please visit www.blackknightinc.com.