$BKI News

Last published 10mo ago

10mo agoASPS COUR CXM BKIMichele Meyers Joins Sprinklr as Chief Accounting OfficerBusiness WireSprinklr (NYSE:CXM), the definitive, AI-native platform for Unified Customer Experience Management (Unified-CXM), today announced that Michele Meyers is joining Sprinklr as Chief Accounting Officer, effective January 5,
3y agoBKI ICEBlack Knight Originations Market Monitor: Mortgage Activity Falls as Rates Hit Two-Decade High Amid Seasonal HeadwindsPR NewswireAccording to the Optimal Blue Mortgage Market Indices, 30-year conforming rates climbed above 7.25% in August, the highest level in more than 20 years, before settling to 7.07% at the end of the monthOverall rate lock
3y agoBKI ICEBlack Knight: As Interest Rates Hit 22-Year Highs, 51% of Homebuyers Face $2,000+ Monthly Mortgage Payments; Nearly a Quarter Face $3,000 Payments or MorePR NewswireIn July 2023, the average monthly principal and interest (P&I) payment for borrowers purchasing a home using a 30-year fixed-rate loan was $2,306 – before taxes and insurance are even includedThat's the highest
3y agoBKI ICE TSX:CSUIntercontinental Exchange Completes Acquisition of Black Knight and Announces Preliminary Results of Elections Made by Black Knight Stockholders in Connection with the AcquisitionBusiness WireIntercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. (NYSE:BKI), a software, data and analytics company that serves the housing
3y agoBKIBlack Knight HPI for July 2023: Annual Growth Rate Accelerates as Home Prices Set New Record High, Though Mixed Signals Suggest Market May Be ShiftingPR Newswire-- The Black Knight HPI hit another all-time high in July, with the annual rate of growth jumping to +2.3% from a revised +0.9% in June -- The reaccelerating annual growth rate was driven as much by the price declines of
3y agoBKINonprofit Fahe Selects MSP, Black Knight's Loan Servicing System, to Support its Commitment to Regional HousingPR Newswire-- Fahe (Federation of Appalachian Housing Enterprises), a nonprofit that serves the people and communities of Appalachia, has signed a contract for the MSP loan servicing system -- MSP is a comprehensive, end-to-end
3y agoBKI ICEIntercontinental Exchange and Black Knight Announce Entry into Agreement Containing Consent Orders with FTC's Bureau of CompetitionBusiness WireICE's acquisition of Black Knight is expected to close on September 5, 2023. The deadline for Black Knight stockholders to elect their preferred form of merger consideration is September 1, 2023. Intercontinental
3y agoBKIBlack Knight's First Look at July Mortgage Performance Data: Foreclosure Inventory Hits Lowest Level in 15 Months, While Serious Delinquencies Continue to DeclinePR NewswireWhile the national delinquency rate edged up 9 basis points in July to 3.21%, it was down 12 basis points year over year and remains within 12 basis points of March's record lowMeanwhile, serious delinquencies (90+
3y agoBKIAimLoan Completed Successful Implementation of MSP, Black Knight's Loan Servicing SystemPR NewswireSystem Will Support Growth and Deliver a Premier Customer Experience as AimLoan Begins Servicing its Portfolio AimLoan completed its implementation of the MSP servicing system and will use it to help them manage their
3y agoBKIBlack Knight Originations Market Monitor: Mortgage Rate Lock Activity Falls as Rates Top 7% for First Time Since November 2022; Signs of Credit Tightening PersistPR NewswireAccording to the Optimal Blue Mortgage Market Indices, 30-year conforming rates crossed 7% for the first time since November 2022, before falling sharply and then rebounding to 6.88%Overall rate lock volumes were down 7%
3y agoBKIMRED adds Black Knight's Paragon Connect as MLS platform; expands suite of options for brokersGlobeNewswireLISLE, Ill., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Midwest Real Estate Data, LLC (MRED) announces the addition of Black Knight's Paragon Connect as an MLS platform, expanding on the MLS's commitment to providing its
3y agoBKIBlack Knight: Home Prices Hit New Record Highs in 60% of Major Markets as Annual Growth Rate Rises, Boosting Homeowner Equity LevelsPR NewswireThe Black Knight Home Price Index (HPI) hit an all-time high in June, this time on both seasonally adjusted (SA) and unadjusted levels, with nearly every major market experiencing month-over-month growthPrices have now
3y agoBKI ICEIntercontinental Exchange, Black Knight and the Federal Trade Commission Jointly Agree to Dismiss Federal Court Case, Pending Settlement NegotiationsBusiness WireIntercontinental Exchange, Inc. (NYSE:ICE) and Black Knight, Inc. (NYSE:BKI) announced today that, amid progress toward a potential resolution, they have jointly stipulated, along with the Federal Trade Commission
3y agoBKIBlack Knight Reports Second Quarter 2023 Financial ResultsPR NewswireJACKSONVILLE, Fla., Aug. 3, 2023 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals,
3y agoBKIBlack Knight's First Look: Seriously Delinquent Mortgages Hit Lowest Level Since 2006; Prepayments Trended Seasonally Higher in June Despite Elevated Interest RatesPR NewswireInching up 2 basis points from May, the national delinquency rate continues to hover near recent record lows, with June's marking the third lowest level on recordThe number of serious delinquencies (loans 90+ days
3y agoF TSLA BKI T+12Stocks making the biggest moves midday: Ford, AT&T, Yelp, Figs and moreCNBCThese are the stocks posting the largest moves midday.
3y agoBKI ICE TSX:CSUIntercontinental Exchange and Black Knight Announce Agreement to Sell Black Knight's Optimal Blue Business to Constellation Software Inc.Business WireDivestiture contingent on closing of ICE's acquisition of Black Knight Intercontinental Exchange, Inc. (NYSE:ICE) and Black Knight, Inc. (NYSE:BKI) today announced that, in connection with their previously announced
3y agoBKIBlack Knight Originations Market Monitor: Mortgage Locks Edge Lower in June While Credit Availability Continues to TightenPR NewswireThe Optimal Blue Mortgage Market Indices (OBMMI) showed 30-year conforming rates rose 6 basis points in June to 6.78%Overall rate lock volumes were down 1% month over month in June, with conforming loans gaining share
3y agoBKIBay Federal Credit Union Selects Empower, Black Knight's Cloud-Based LOS, and its Origination Technologies Suite to Support Both Traditional and Specialized Loan ProductsPR NewswireBay Federal chose to implement the Empower LOS and its integrated solutions to benefit from multiple innovative capabilities on a single unified platform provided by a trusted vendorBlack Knight's ongoing investments
3y agoBKIBlack Knight: Past-Due Mortgages Approach Recent Record Lows as Serious Delinquencies Continue Improvement; Prepayments See Seasonal RisePR NewswireReversing much pf April's calendar-driven spike, the national delinquency rate fell 11 basis points (bps) in May to hit 3.10% – the lowest it's been other than March 2023's record of 2.92%The number of
3y agoBKIBlack Knight's New Validate Mobile App for Valuations Uses AI to Speed and Simplify Home Equity Lending, Shorten Time to Close by Shaving Days, Dollars From the ProcessPR NewswireThe Validate app allows homeowners to submit property photos as part of their application for a home equity line of credit (HELOC) or home equity loan, which helps to expedite the loan approval processValidate uses
3y agoBKIBlack Knight Originations Market Monitor: Mortgage Locks Saw Modest Rise in May, But Remain Suppressed on Elevated Rates, Lack of InventoryPR NewswireThe Optimal Blue Mortgage Market Indices showed 30-year conforming rates rose 27 basis points in May to 6.72% after holding between 6.38% and 6.5% for the first half of the monthDespite jumbo rates remaining elevated,
3y agoBKIBlack Knight: Tightening Credit Availability Adds to Affordability Struggles as Rates Remain Elevated, Inventory Shortages Worsen and Home Prices StrengthenPR NewswireWith 30-year rates rising again in May, each of the 100 largest U.S. markets is once again less affordable than its own long-term averageNationally, it now takes 34.2% of the median household income to make principal and
3y agoBKI7 Servicing Chooses the MSP Servicing System to Support Growth and Member Experience as it Transitions to Servicing ORNL Federal Credit Union and 7 Mortgage PortfoliosPR Newswire7 Servicing has signed a contract for MSP, Black Knight's loan servicing system, and other integrated solutions to help deliver a superior member experience and support portfolio growth as it transitions its
3y agoBKIBlack Knight Originations Market Monitor: Lock Volumes Fall Despite Marginally Lower Rates as Reluctant Buyers Face Continuing Inventory ShortagePR NewswireThe Optimal Blue Mortgage Market Indices showed 30-year conforming rates dipping below 6.25% in the first week of April before finishing at 6.45%, for an average of 6.38% for the month, 17 basis points lower than
3y agoBKIOptimal Blue PPE Expands Investor Content to 54 State-Based Housing Finance Agencies to Give Lenders and Homebuyers Access to Additional Financing OptionsPR NewswireThe Optimal Blue product, pricing and eligibility engine (PPE) now includes investor content from 54 state-based housing finance agencies (HFAs)HFAs provide affordable homeownership options to low- and moderate-income
3y agoBKIBlack Knight Reports First Quarter 2023 Financial ResultsPR NewswireJACKSONVILLE, Fla., May 4, 2023 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals,
3y agoBKIBlack Knight: Home Prices Up Again in March on Worsening Inventory Shortages and Modest Rise in DemandPR NewswireAccording to the latest Black Knight HPI, home prices rose in March on both non-adjusted and seasonally adjusted bases, driven by a modest bump in demand and further deterioration in for-sale inventory levelsSales
3y agoBKIWEOKIE Federal Credit Union Selects Empower LOS to Automate Manual Processes and Fuel Growth in Retail, Home Equity LendingPR NewswireWEOKIE chose the Empower LOS for its ability to reduce manual work for loan officers through automation of specific tasks, an enhanced application experience for its members, better technology, and several other
3y agoBKIBlack Knight's First Look: Mortgage Delinquencies Hit Record Low in March, While Prepayments Rose on Easing Rates and Seasonal TailwindsPR NewswireThe national delinquency rate dropped 53 basis points (-15%) in March, falling below 3% for the first time on record, ending the month at just 2.92%While delinquency rates almost always fall in March – as borrowers
3y agoBKIBlack Knight to Report First Quarter 2023 Financial Results on May 4, 2023PR NewswireJACKSONVILLE, Fla., April 20, 2023 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals,
3y agoBKIBlack Knight and Restb.ai Form Strategic Alliance to Offer an AI-driven Image Product SuiteGlobeNewswirePHOENIX, April 17, 2023 (GLOBE NEWSWIRE) -- Real estate agents rely on property photos today more than ever to sell homes. New AI technology takes this process to the next level, providing the ability to automate the
3y agoBKIBlack Knight Announces New Mobile App for the Optimal Blue PPE to Expand On-the-Go Access to Scenario Pricing and MorePR NewswireThe industry's most innovative product, pricing and eligibility (PPE) engine – the Optimal Blue PPE – is now available in a native mobile app for iOSOptimal Blue PPE (OB) Mobile gives loan officers the added
3y agoBKIBlack Knight Originations Market Monitor: Rate Lock Volumes Jump 43% in March on Seasonal Tailwinds, Falling Rates and Lower FHA Insurance PremiumsPR NewswireRate lock dollar volumes were up 43% month over month in March, driven by seasonal tailwinds, falling interest rates and stronger purchase market performanceLock volumes increased across the board, with purchase locks
3y agoBKIOptimal Blue Adds Product Comparison Feature to its Loansifter PPE to Help Brokers Enhance the Mortgage Shopping Experience for Their BorrowersPR NewswireNew Feature Provides Customer-Friendly Visualization of Mortgage Options Optimal Blue, a division of Black Knight, has added a new Product Comparison tool to its Loansifter PPE, allowing brokers to provide their
3y agoBKIBlack Knight: February Home Prices See First Monthly Rise After Seven Straight Declines as Sales Pick Up on Lower Rates While Inventory Shrinks Even FurtherPR NewswireHome prices rose in February on both non-adjusted and seasonally adjusted bases, driven by a combination of modestly easing affordability in January and early February along with worsening inventory levelsSales were up
3y agoBKIExtraco Banks Selects Empower, Black Knight's High-Performance LOS, to Drive Growth in Digital Mortgage OperationsPR Newswire- Extraco Banks will use Empower to spearhead its move into the digital lending arena - The cloud-based Empower LOS and its full digital ecosystem, will help the bank automate manual processes and allow loan officers
3y agoBKIBlack Knight's First Look: Prepayments Rebound from All-Time Low; Overall Mortgage Delinquencies Inch Up As 30-Days Late Payments RisePR NewswireThe national mortgage delinquency rate increased 7 basis points in February to 3.45%, but remains down 12.6% year over yearPrepayment activity (SMM) inched up to 0.35% -- breaking a four-month streak of record lows, with
3y agoBKISolidarity Community Federal Credit Union to Implement Empower, Black Knight's Cloud-based LOS, and Suite of Integrated Origination SolutionsPR NewswireSolidarity selected the high-performance, cloud-based Empower LOS for its comprehensive capabilities and ability to scale to support the credit union's growthSolidarity will use the Empower LOS for retail and home
3y agoBKIBlack Knight Approved to Support Fannie Mae's New Valuation OptionPR NewswireBlack Knight's innovative SCOUT mobile property inspection solution approved for data collection as part of the GSE's appraisal modernization initiative - Black Knight is one of only six vendors currently
3y agoBKIFrontwave Credit Union Selects Empower, Black Knight's Cloud-based LOS, to Help Expand and Scale Mortgage OperationsPR NewswireThe credit union will also leverage integration with Surefire, Black Knight's CRM tool, to enhance member experience Frontwave Credit Union selected the Empower loan origination system (LOS) for its powerful digital
3y agoBKIBlack Knight Originations Market Monitor: Loan Demand Dips and Borrowers Shift Toward Jumbos, ARMs as Rate Rise ResumesPR NewswireRate lock dollar volumes rose 2% month over month in February, although the number of locks dropped, as loan production shifted toward jumbos, which offered more favorable rates than GSE productsPurchase lock volumes
3y agoBKI ICE TSX:CSUIntercontinental Exchange Responds to the FTC's Attempt to Block ICE's Acquisition of Black KnightBusiness WireIntercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, announced today that it strongly disagrees with, and will vigorously oppose, the Federal Trade
3y agoBKI FNFLoanCare Will Use Black Knight Loss Mitigation Solution to Help Homeowners Who Need Mortgage Payment AssistancePR NewswireRenews Agreement for Black Knight MSP Loan Servicing System JACKSONVILLE, Fla., March 9, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced that LoanCare, a top national provider in full-service,
3y agoBKI ICE TSX:CSUBlack Knight and Intercontinental Exchange Announce Agreement to Sell Black Knight's Empower LOS Business to Constellation Software Inc. and Revised Terms of Merger AgreementBusiness WireDivestiture contingent on closing of ICE's acquisition of Black Knight Amended transaction terms value Black Knight at $75 per share Intercontinental Exchange, Inc. (NYSE:ICE) and Black Knight, Inc. (NYSE:BKI) today
3y agoBKIBlack Knight: Sellers Retreat From the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest RatesPR NewswireCollateral Analytics data from Black Knight showed January marking the fourth consecutive month of declines in for-sale inventory on a seasonally adjusted basis after seeing strong improvement in shortages early last
3y agoBKIBlack Knight Reports Fourth Quarter and Full Year 2022 Financial ResultsPR NewswireJACKSONVILLE, Fla., Feb. 28, 2023 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals,
3y agoBKIBlack Knight's First Look: Expanded and Enhanced Market Data Shows Mortgage Delinquency Improvement Across the Board in January, Uptick in Foreclosure StartsPR NewswireWith this month's First Look, Black Knight begins applying its expanded McDash loan-level mortgage data set – already available to clients and contributors – to its public performance metrics reportingThe enhanced
3y agoBKIBlack Knight Signs Agreement to Integrate Wolters Kluwer's eNote and eVault Capabilities to Enhance Black Knight's Digital, End-to-End Mortgage Origination OfferingPR NewswireJACKSONVILLE, Fla., Feb. 16, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced an agreement with Wolters Kluwer Compliance Solutions, a global information services and technology leader, to integrate
3y agoBKIBlack Knight Originations Market Monitor: Rate Locks Rise in January on Rate Relief and Seasonal Tailwinds, Breaking 9-Month DeclinePR Newswire-- Rate lock volumes rose 32% in January driven by declining rates and seasonal tailwinds, snapping a 9-month streak of declines -- Purchase (+32%) as well as both rate/term (+37%), and cash-out (+25%) refinance volumes