Brookfield Office Properties : Black Knight’s First Look at October 2019 Mortgage Data

• The national delinquency rate fell to 3.39% in October, a nearly 7% decline from last year, and within 0.03% of the record low set in May 2019
• Serious delinquencies fell by 10,000 from September, while the number of loans in active foreclosure edged up slightly (+3,000)
• Prepayment activity climbed another 16% in October to the highest level since May 2013
• Prepays are now up 134% year-over-year as refinancing homeowners continue to take advantage of low interest rates
• However, modest rises in 30-year rates in recent weeks - coupled with seasonal slowing in home sales - may dampen prepayment rates in coming months

JACKSONVILLE, Fla. - Nov. 25, 2019 - Black Knight, Inc. (NYSE:BKI) reports the following 'first look' at October 2019 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 Dec. 9, 2019.

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 (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.

As a leading fintech, Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.BlackKnightInc.com.