Items Tagged with 'Black Knight'

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Black Knight updates LOS to align with upcoming HMDA requirements

Launches LoanSphere Empower 7.0
Black Knight Financial Services announced updates to its flagship loan origination system, LoanSphere Empower, which includes updates to support the Consumer Financial Protection Bureau’s expanded data collection requirements under the Home Mortgage Disclosure Act. As it stands, most of the provisions of the HMDA final rule will take effect on Jan. 1, 2018.
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[Charts] Black Knight: Home prices hit new peak in February

Report shows metros with most and least home-price changes
Black Knight released a new report showing home prices increased in February to a new peak. Some states increased to a peak, however others remain a full 20% before previous peaks. The report breaks down the top metros with home price increases and those with the greatest drops.
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Why isn't Freddie Mac on board with all these rosy outlooks?

Latest housing numbers prove robust, so what gives?
Clearly, the housing market is doing just fine. Read the latest Case-Shiller. Housing pretty much recovered. And Ten-X, too. Home sales increased in January. Don’t forget Black Knight. Home prices are so close to a new peak. So why isn't Freddie Mac on board with all these rosy, housing outlooks?
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Black Knight: Home prices so close to a new national peak

Hit records in eight of the 40 largest metros
The Data & Analytics division of Black Knight Financial Services released its latest Home Price Index  report, based on November 2016 residential real estate transactions. The company finds that after rising 5.7% from the start of 2016, U.S. home prices are now within just 0.3% of a “new national peak.”
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ServiceLink fined $65 million for LPS foreclosure deficiencies

Fine related to 2011's industry-wide foreclosure settlement
The ghost of Lender Processing Services came back to haunt ServiceLink and Black Knight Financial Services on Tuesday, as the Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. announced that they are fining ServiceLink $65 million for the “improper actions” of LPS that contributed to a massive settlement with the government over industry-wide foreclosure misconduct that occurred after the housing crash.
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Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again

New Black Knight report shows impact of another week of higher rates
A recent report from Black Knight Financial Services showed that the pool of borrowers who had incentive to refinance shrank over the last several weeks as mortgage interest rates rose above 4%. Now, thanks to another increase in interest rates last week, the pool of borrowers with incentive to refinance is now even smaller.
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