Black Knight

In The News

Black Knight: $1.2 Trillion In Cash-Out Refis In 2021 As Homeowners Tap $275 Billion In Equity

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The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. This month’s report looks into 2021’s record-breaking $4.4 trillion in mortgage originations and the distinct shift to an equity-driven refinance market. According to Black Knight Data & Analytics President Ben Graboske, though American homeowners are tapping their homes’ equity via cash-out refinances at the highest level since 2005, they are doing so judiciously, at roughly half the rate seen back then.

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Black Knight: 2021 Sees Record $2.6T Tappable Equity Gain; Home Prices Reaccelerate

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The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. After a year of historic home price gains, homeowners’ tappable equity – the amount available for a mortgage-holder to access while retaining at least a 20% equity stake in their home – has hit yet another record high. According to Black Knight Data & Analytics President Ben Graboske, Q4 2021’s nearly half-billion-dollar increase in tappable equity has also resulted in the lowest total market leverage on record.

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Black Knight: Originations Down For 3rd Month, Lowest Level Since Feb Prior To Pandemic

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Black Knight released its latest Originations Market Monitor report, looking at mortgage origination data through November 2021 month-end. Leveraging daily rate lock data from Black Knight’s Optimal Blue PPE – mortgage lending’s most widely used pricing engine – the Originations Market Monitor provides the industry’s earliest and most comprehensive view of origination activity.

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Black Knight: Strong Equity Stakes Alone May Not Be Enough To Stave Off Foreclosure Starts

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The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. Given Black Knight’s recent analysis of the strong equity positions of  borrowers in forbearance, even when adding 18 months of deferred payments to their debt loads, this month’s report explores the relationship between such equity positions and downstream foreclosure start rates and – ultimately – distressed liquidations. According to Black Knight Data & Analytics President Ben Graboske, the data suggests that the healthy stores of equity in the hands of homeowners currently in forbearance may not be sufficient on its own to ward off foreclosure activity.

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New Broker LOS Emerges

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Black Knight has launched LoanCatcher, an innovative, easy-to-use loan origination system (LOS) designed specifically for the needs of mortgage brokers. Entirely cloud-based, LoanCatcher gives brokers affordable access to the same level of technology leveraged by the nation’s largest and most successful lenders. Any internet-connected device can access the browser-based system, so that brokers can focus on their business and borrowers.

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Black Knight: Housing Least Affordable Since Late 2018

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The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. As constraints in residential for-sale inventory persist, this month’s report looks at how recent and aggressive home price gains are impacting housing affordability. According to Black Knight Data & Analytics President Ben Graboske, a dwindling inventory of homes for sale is pushing home price growth rates to previously unseen levels.

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