Items Tagged with 'Black Knight'

ARTICLES

  • Citizens Bank unveils digital home buying and mortgage experience

    Customers can search for homes online, apply for a mortgage digitally, and more
    Citizens Bank, which became one of the country’s largest mortgage companies when it acquired Franklin American Mortgage last year, is now diving headfirst into digital mortgages. This week, Citizens unveiled a new digital mortgage experience that will enable borrowers to both apply for and manage their mortgages online. But that’s not the only part of the home buying journey that Citizens is digitizing. The bank is also now offering to help borrowers find their next house as well.
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  • Tumbling mortgage rates have made 6.8 million people "refi eligible"

    This week's 21-month low added almost 1 million borrowers to the pool
    When the average U.S. rate for a 30-year fixed mortgage dropped to a 21-month low this week, it pulled almost 1 million more mortgage holders into the pool of homeowners who are "refi eligible." There are now 6.8 million mortgage holders who would benefit from a refinancing, according to Black Knight.
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  • The annual rate of home price appreciation falls to a 7-year low

    March marks the 13th straight month of slowing home price appreciation
    In March, the average home rose 1% in value from the same time period in 2018, marking the 13th consecutive month of slowing home price appreciation, according to the latest report from Black Knight. The company's Data and Analytics Division President Ben Graboske said the annual rate of appreciation has now fallen to a seven-year low.
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  • From HW Magazine

    2019 Rising Star: ​​​​​​​Dan Kenshalo

    Vice President of Data Science, Black Knight
    As vice president of data science at Black Knight, Dan Kenshalo plays a key role in building Black Knight’s emerging data science practice and technical aspects of new data science products.
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  • Black Knight: Interest rate drop led to flood of mortgage prepayments in March

    Prepayments see largest single-month increase in more than two years
    Mortgage interest rates dropped throughout the month of March, culminating in interest rates closing out the month with the largest single-week decline in 10 years. As of the end of March, mortgage rates were at their lowest point since January 2018. And as one might expect, that drop in mortgage rates led to a massive increase in mortgage prepayments in March, according to a first look at March’s mortgage data from Black Knight.
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  • More borrowers are raising their mortgage rate to cash out equity

    Cash-outs comprise greatest share of refinances since 2006 peak
    For several months now, cash-out refinances have been eating up a greater share of overall refi volume, and it appears the trend isn't about to slow down anytime soon. The latest report from Black Knight reveals that 82% of refinances originated in Q4 2018 were cash-outs, and that in two-thirds of these transactions, the borrower raised their mortgage rate in order to access their equity in cash.
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  • Amount of tappable equity falls again

    Q4 sees equity amounts backslide as home price growth slows
    The collective amount of equity available for homeowners to tap reached a record high last year, climbing above $6 trillion as home prices continued to appreciate at a steady clip. But now, tappable equity totals are retreating, with Black Knight data revealing a second consecutive quarter of declines as home price growth slows in many of the most expensive markets.
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