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Tag Archives: Black Knight

Hottest HPI Cities in the Country

Home prices are appreciating all over the country—and some places are hotter than others. Read on to find out where the best cities are in the country are, and which ones to stay away from.

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Purchase Originations, Refis in Freefall

New data shows that mortgage originations are in freefall. While both purchase loan originations and refinances took a hit, refis saw the steepest drop, decreasing 34 percent over the first quarter of the year. Purchase originations dipped 21 percent over the same period. The average credit score of borrower is also on the decline, which could dampen the market if the trend keeps up.

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Prices Peak in 8 States, 15 Metros

After the 59th straight month of appreciation, home prices have hit a new peak of $272K. They also reached a new peak in eight states, including Indiana, Massachusetts, New York, North Carolina, Pennsylvania, Tennessee, and Washington. Fifteen metro markets also peaked, with San Jose, California, seeing the biggest jump year-over-year.

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Black Knight LOS Goes Digital

Black Knight has partnered with Lender Price to offer a completely digital loan application process on its LoanSphere Empower LOS. The platform lets consumers apply for mortgage loans via their mobile device, and it can even verify income, provide property valuations, and deliver real-time interest rates on the spot.

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Appreciation Driving $4.7T Equity Economy

With nearly $5 trillion available to borrowers, the equity economy is at an 11-year high, according to a new report by Black Knight. Fewer borrowers are underwater on the heels of a strengthening appreciation market, and refis are nearly half of all new loans. More than two-thirds of tappable equity is in the hands of borrowers with low-rate mortgages.

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