Items Tagged with 'Black Knight'

ARTICLES

  • CitiMortgage takes a beating in Q3

    Mortgage originations fall 29% and its mortgage division succumbs to scandal
    Citigroup released its earnings report this morning, and mortgage originations are down. Way down. The bank reported a 29% decrease in originations year over year and an 8% decrease in originations from the second quarter.
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  • Here’s how people use their home equity

    Survey reveals 44% would use it to consolidate debt
    The amount of tappable equity available to American homeowners recently smashed records by surpassing $6 trillion. And while recent data shows many Americans are holding back on accessing what may be their greatest source of wealth, some are using it, and you might be surprised to hear what they’re spending it on.
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  • Americans have the highest amount of tappable equity in history

    There is now more than $6 trillion for the taking, but fewer homeowners are touching it
    The amount of home equity accessible to America’s 44 million homeowners surpassed $6 trillion – the highest level in history. Now, Americans have three times as much equity as they did when the market bottomed out in 2012, and 21% more than they did at before the bubble burst in 2006. Yet, fewer appear to be taking advantage of this major source of wealth.
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  • From HW Magazine

    Black Knight introduces AIVA, a virtual assistant for mortgage lenders

    The solution uses artificial intelligence and machine learning capabilities to reduce expenses and relieve staff from repetitive tasks
    As a trusted business partner, Black Knight is continuously looking for ways to help its clients overcome their most critical business challenges. With the recent acquisition of HeavyWater, Black Knight now offers artificial intelligence (AI) and machine learning (ML) capabilities specific to the mortgage industry.
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  • 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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