BLACK KNIGHT F - BKFS STOCK NEWS

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Black Knight, Inc. (NYSE:BKI) is a leading software, data, and analytics company renowned for its innovative solutions within the mortgage lending, servicing, and real estate sectors, as well as the capital and secondary markets. Our comprehensive suite of integrated products is designed to support businesses throughout the entire homeownership cycle, helping them to retain existing clients, attract new ones, mitigate risks, and enhance operational efficiency.

With a distinguished reputation for excellence, Black Knight delivers reliable, scalable products tailored to meet the diverse needs of our clients. Our unwavering commitment to superior client support and our robust solutions empower businesses to achieve their strategic goals and enhance customer service.

Recently, Black Knight reported the latest mortgage performance statistics from June 2023, indicating a nationwide loan delinquency rate of 3.12%. The report also highlighted a 0.55% month-over-month increase and a 2.80% year-over-year decrease in delinquencies. Moreover, the pre-foreclosure inventory rate stood at 0.42%, reflecting a 2.51% month-over-month decrease and a 3.63% year-over-year decline.

Foreclosure starts in June amounted to 28,000, marking a 10.31% rise from the previous month but an 11.25% drop compared to the same period last year. The monthly prepayment rate was reported at 0.57%, while foreclosure sales reached 6,900, which is a 1.45% month-over-month increase and a 14.04% year-over-year rise.

Overall, 1,650,000 properties were 30 or more days past due but not in foreclosure. This represents an increase of 11,000 properties month-over-month but a decrease of 24,000 year-over-year. For properties that are 90 or more days past due but not in foreclosure, the number decreased by 13,000 from the prior month to 471,000, marking a substantial decline of 177,000 year-over-year.

Black Knight continues to provide detailed analysis and trends in its monthly Mortgage Monitor report, which includes comprehensive charts and graphs. The next report will be available online by August 7, 2023.

Through our advanced solutions and expert support, Black Knight remains dedicated to driving progress and innovation within the industries we serve, ensuring our clients can navigate the complexities of market dynamics with confidence and precision.

07/21/2023 09:00 AM

News

Black Knight's First Look: Seriously Delinquent Mortgages Hit Lowest Level Since 2006; Prepayments Trended Seasonally Higher in June Despite Elevated Interest Rates

Rhea-AI Summary

The national delinquency rate remains near record lows, with June marking the third lowest level on record. Serious delinquencies dropped to the lowest since 2006, while early-stage delinquencies increased slightly. Foreclosure starts also increased slightly. Black Knight will provide a more detailed analysis in its monthly Mortgage Monitor report.

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Black Knight: Past-Due Mortgages Approach Recent Record Lows as Serious Delinquencies Continue Improvement; Prepayments See Seasonal Rise

Rhea-AI Summary

The national delinquency rate fell to 3.10% in May, the lowest since March 2023. Serious delinquencies improved by 3.7% and foreclosure starts increased by 2.2%. Prepayment activity rose to the highest level since September 2022.

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FAQ

What does Black Knight, Inc. do?

Black Knight, Inc. provides software, data, and analytics solutions for the mortgage lending, servicing, real estate, capital, and secondary markets.

What are the recent achievements of Black Knight?

Black Knight recently reported a rise in foreclosure starts and a decrease in the delinquency rate for June 2023.

How does Black Knight support its clients?

Black Knight offers comprehensive, scalable products and superior client support to help businesses achieve strategic goals and improve customer service.

What is the current loan delinquency rate reported by Black Knight?

As of June 2023, the loan delinquency rate reported by Black Knight is 3.12%.

How can businesses benefit from Black Knight's solutions?

Businesses can leverage Black Knight's solutions to retain customers, gain new ones, mitigate risk, and operate more efficiently.

What is the Mortgage Monitor report?

The Mortgage Monitor report is a monthly publication by Black Knight that provides detailed analysis and trends in mortgage performance, supplemented by charts and graphs.