Tag Archives: Black Knight Financial Services

Marty Reed, VP of business operations at Black Knight Financial Services (BKFS) MLS Solutions division, has been appointed for a three-year term on the board of directors for the Council of Multiple Listing Services (CMLS), the company announced.

While most housing metrics ended 2013 on a promising growth path, mortgage origination volumes closed out the year on a decidedly sour note, Black Knight Financial Services (BKFS) says in its year-end Mortgage Monitor Report. "[H]igher interest rates and seasonality pushed monthly originations to the lowest level since 2008, and the current interest rate environment seems to have also brought an end to the refinancing wave we've observed for the last several years," said Herb Blecher, SVP of BKFS Data & Analytics.

Despite experiencing a slight downturn--the first monthly decline in a year--home prices still turned in a strong performance in November.

Home prices edged up again in November as markets across the nation climbed a little closer to their pre-crash peaks--and others pushed up past them. The latest Home Price Index (HPI) report from Black Knight Financial Services (BKFS) shows prices rising in November to a national index value of $232,000, up 0.3 percent from October. Coming out strong were Texas and Colorado, which climbed to $186,000 and $257,000, respectively--well above the levels they experienced during last decade's bubble.

Loans originated last year are the best-performing mortgage loans on record, according to the November Mortgage Monitor released Tuesday by Black Knight Financial Services (formerly Lender Processing Services). The Monitor also found a significant increase in non-agency loans, a sign that the market might be ready for more risk. Non-agency, first-lien, prime, jumbo loans have increased 75 percent over the year in November, according to Black Knight.