Articles Tagged with ''Black Knight''

LIBOR pushes ARM rates higher, borrowers brace for impact

Majority of increase yet to be felt
As home prices rise and interest rates increase, potential home buyers are not the only ones affected by the affordability changes. Homeowners who previously bought their home using an adjustable-rate mortgage are now seeing an increase in their monthly mortgage and interest payments, with more increases yet to come.
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Monday Morning Cup of Coffee: Is the housing market finally slowing down?

California fires continue to rage
As we head into the hottest month of the year, is home price growth finally starting to cool down? It looks like it might. For the first time in almost four years, home prices posted three straight months of declines in annual appreciation. But as the housing market cools, California continues to heat up as wildfires sweep across the state, claiming yet more victims.
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Citibank mortgage originations down 16%

Despite a 13% QoQ increase in originations, the bank is down 16% YoY
Citibank’s latest earnings release reveals that despite an overall uptick in retail banking, its mortgage originations took a 16% tumble year-over-year in the second quarter. This news comes after the bank’s posturing to re-enter the mortgage space earlier this year with the adoption of a new digital mortgage origination platform through Digital Risk and Black Knight.
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Overall share of equity withdrawals drops to 4-year low

Just over 1% of available equity was tapped last quarter
American homeowners have record amounts of equity in their homes, $5.8 trillion to be exact. But the percentage of tappable equity withdrawn fell in the first quarter of 2018 to the lowest share in four years as higher interest rates impact borrowers' decisions.
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Black Knight introduces consumer-centric mortgage servicing solution

Company launches white-label servicing platform
Black Knight introduces a new solution aiming to help mortgage servicers deepen customer relationships and increase retention. The company explained that its new interactive, consumer-centric platform allows mortgage customers to make payments, view detailed payment history and perform other self-service functions within the application.
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Exclusive: Jerry Halbrook out as CEO of Lender Price

Mortgage industry veteran resigning after less than one year
Lender Price is about to be in the market for a new CEO, as sources close to the situation tell HousingWire that Jerry Halbrook is set to leave the company later this week amid a disagreement with the company’s founders and board about the direction and future of the company.
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LERETA promotes Susan Portnoy

Will serve as Senior Vice President
LERETA, a leading national real estate tax and flood determination services provider, announced this week they promoted Susan Portnoy to senior vice president, and in her new role she will oversee LERETA's new product development initiatives including the Total Tax Solutions platform, business intelligence, data and analytics.
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Black Knight announces acquisition to incorporate AI into its solutions

Will make AI tech available to clients
Black Knight announced Monday its acquisition of HeavyWater, a provider of artificial intelligence and machine learning to the financial services industry. AIVA reads, comprehends and draws conclusions based on context to mimic cognitive thinking and even builds expertise over time. Here’s more on the acquisition, and the increasing presense of AI in the mortgage industry.
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