Black Knight : First Look at September 2020 Mortgage Data

• The number of seriously delinquent mortgages (90+ days) fell by 43,000 in September, marking the first such improvement in serious delinquencies since the start of the pandemic
• More than 2.3 million homeowners - five times the number entering 2020 - remain 90 or more days past due, but not in foreclosure
• The national delinquency rate fell in September to 6.66%, down from 6.88% the month prior
• Early-stage delinquencies continue to show strong improvement, with rolls from current to 30-days delinquent, as well as the number of borrowers less than 90 days delinquent, having returned to pre-pandemic levels
• Both foreclosure starts and foreclosure sales continue to remain muted given the widespread foreclosure moratoriums still in place
• After a slight pull back in August, prepayment activity jumped above 3% in September for the first time in more than 16 years, fueled by record low rates and an elongated home buying season

JACKSONVILLE, Fla. - Oct. 22, 2020 - Black Knight, Inc. (NYSE:BKI) reports the following 'first look' at September 2020 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

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*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 Nov. 2, 2020.

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

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 serve their customers. For more information on Black Knight, please visit www.blackknightinc.com.