Black Knight Financial Services named a new addition to its Data and Analytics division: Chip McAvoy has joined the team as VP of emerging products and technology.
Read More »November Home Prices Barely Up in Latest Index
Black Knight Financial Services reported Monday that its Home Price Index (HPI) rose 0.1 percent month-over-month in November to a value of $241,000. Compared to a year ago, November's index was up 4.5 percent.
Read More »Home Price Recovery Lagging Among Lower Housing Tiers
Taking data from its monthly home price tracker, Black Knight Financial Services found in its latest report that while high-value properties in the country's hardest-hit states have made solid strides in recovering to their pre-crisis peaks, low-value homes are still struggling to make progress.
Read More »Despite Progress, Little Help for Underwater Borrowers
While rising home values have pushed down the share of underwater mortgages, the sheer number of upside-down borrowers remains massive—nearing four million—according to an update from Black Knight Financial Services. Those four million underwater homeowners combined for about $157 billion in negative equity in October.
Read More »LRES DirectConnect Integrates with RealEC Technologies Platform
LRES, a valuation and asset management solutions provider headquartered in California, has successfully connected its DirectConnect integration hub with Exchange, an electronic provider network offered by Black Knight Financial Services' RealEC Technologies division.
Read More »Home Prices Hit Wall in September
Based on transaction data throughout the month, Black Knight Financial Services' Home Price Index (HPI) recorded a 0.01 percent month-over-month decline, keeping it nearly flat at $241,000. The drop follows meager increases of 0.2 percent and 0.1 percent in July and August, respectively.
Read More »‘Refinancible’ Population Up to 7.4M as Interest Rates Fall
Measuring its current data on active mortgages throughout the United States, analysts at Black Knight estimate 7.4 million American borrowers with 30-year mortgage loans could benefit by refinancing into a lower interest rate. As of the end of October, the average 30-year fixed rate was 3.98 percent, according to Freddie Mac, just up from a 16-month low recorded earlier in the month.
Read More »Black Knight Names Leader for Innovation Laboratory
Dan Kenshalo has joined Black Knight Financial Services as the head of the Data & Analytics division’s Innovation Laboratory, the company announced.
Read More »Housing Industry Collaborates to Create CFPB Complaint Tracking Report
The CFPB Complaint Tracking Report, produced by Black Knight, will incorporate data contributed by both servicers and CFPB. Dori Daganhardt, VP of product marketing and market strategy at Black Knight, said she expects the report to help level the playing field in terms of transparency and education. She said the servicers and regulators will work together to determine the level of granularity contained in the report.
Read More »Home Prices Approach 10% of Peak Levels
Based on data from August real estate transactions, Black Knight Financial Services' Home Price Index (HPI) edged up just 0.1 percent from July, remaining nearly flat at $242,000. August's rate of appreciation was half of July's already slow 0.2 percent gain in prices. Annually, the index was up 4.9 percent from last year compared to a gain of 5.1 percent in July.
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