Items Tagged with 'Black Knight Financial Services'

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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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Here's the real impact of the post-Trump interest rate spike

Far fewer borrowers with incentive to refinance; homes are less affordable
While still low by historic standards, interest rates are roughly 50-basis points higher now than they were before Donald Trump won the election, and a new report from Black Knight Financial Services shows the real impact of that increase on borrowers and potential borrowers. The bottom line, according to Black Knight’s report, is that housing is less affordable right now than it was before the election.
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Homeowners facing foreclosure hit 9-year low

Black Knight report shows only 1% of all mortgages in active foreclosure
A new report from Black Knight Financial Services shows that by one metric, the housing market is healthier than it’s been since the crisis began. According to new data released Tuesday morning by Black Knight, the rate of loans in active foreclosure is lower right now than at any point in the last nine years.
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Monday Morning Cup of Coffee: Airbnb’s new partnership aids natural disaster victims

And new apps changing the industry
In this week’s cup of coffee, we take a look into one of Airbnb’s new ventures: a partnership that could aid natural disaster victims in Colorado by offering free housing for those in need. Also, weigh in on your thoughts about what Realtors should be required to disclose about a home, and the disastrous consequences to homeowners if they don’t.
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The Las Vegas Black Knights? West Point, like, nope

Black Knight Chairman Bill Foley's NHL team won't share name with company
Well, it turns out that the National Hockey League expansion team helmed by William Foley, the chairman of Fidelity National Financial and Black Knight Financial Services, won’t share a name with one of Foley's companies after all. RIP, Las Vegas Black Knights, we hardly knew ye.
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