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Black Knight, Inc. - BKI STOCK NEWS

Welcome to our dedicated page for Black Knight news (Ticker: BKI), a resource for investors and traders seeking the latest updates and insights on Black Knight stock.

Black Knight, Inc. (NYSE: BKI) is a prominent provider of integrated software, data, and analytics solutions designed to serve the entire homeownership life cycle. The company offers its innovative products to various verticals including mortgage and consumer loan, real estate, and capital markets. With a strong commitment to delivering superior client support, Black Knight helps businesses retain existing customers, attract new clients, mitigate risks, and operate more efficiently.

Black Knight's broad range of solutions include Origination Software, which helps customers manage the mortgage lifecycle, and Data and Analytics, providing valuable insights into market trends and consumer behaviors. One of the company's flagship products is the Empower® Loan Origination System (LOS), known for its efficiency and scalability.

In the face of current market challenges, Black Knight remains steadfast in its strategic initiatives. Despite a decline in revenue due to lower origination volumes and the near-term effects of a proposed merger with Intercontinental Exchange (ICE), the company is optimistic about its long-term growth prospects. The merger, initially agreed upon in May 2022 and amended in March 2023, values Black Knight at $11.7 billion and is expected to close by the end of 2023, pending regulatory clearance.

Recent achievements include the release of the August 2023 Mortgage Monitor Report, highlighting the reheating housing market and significant equity gains for homeowners. Additionally, the company's Home Price Index (HPI) reached new peaks, reflecting the ongoing rise in home prices.

Black Knight has also shown resilience in adapting to market changes. Their recent reports indicate strong equity positions among homeowners, contributing to historically low delinquency rates. The company continues to innovate, as seen in their latest product updates and new partnerships.

For more information, visit Black Knight's official website.

News

Black Knight Reports Second Quarter 2023 Financial Results

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Black Knight, Inc. (NYSE: BKI) announced unaudited financial results for Q2 and the six months ended June 30, 2023, with a 4% revenue decline due to lower origination volumes and the proposed merger with Intercontinental Exchange. Executive Chairman Anthony Jabbour emphasized the company's focus on strategic initiatives and improving performance despite uncertain market conditions.
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Mortgage Clearing Corporation Selects MSP, Black Knight's Loan Servicing System, to Help Reduce Risk, Gain Operational Efficiencies and Deliver Digital Capabilities to Consumers

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NYSE:BKI - Mortgage Clearing Corporation (MCC) signed a contract with Black Knight, Inc. for the MSP loan servicing system and other integrated solutions. The Oklahoma-based company aims to enhance customer service and streamline processes with advanced digital capabilities.
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Black Knight's First Look: Seriously Delinquent Mortgages Hit Lowest Level Since 2006; Prepayments Trended Seasonally Higher in June Despite Elevated Interest Rates

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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 to Report Second Quarter 2023 Financial Results on August 3, 2023

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Black Knight, Inc. (NYSE: BKI) will report its second quarter 2023 financial results on August 3, 2023. The company will not host a conference call or provide forward-looking guidance due to the proposed transaction with Intercontinental Exchange, Inc.
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Intercontinental Exchange and Black Knight Announce Agreement to Sell Black Knight’s Optimal Blue Business to Constellation Software Inc.

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Black Knight: Case Study Highlights Servicer Success Using Self-Service Loss Mitigation Technology to Connect With and Engage Borrowers in Times of Financial Distress

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Black Knight released a case study showing how self-service technology (SST) deployed by loan servicers during natural disasters can improve loss mitigation outcomes. The study found that many borrowers embraced SST during the COVID-19 pandemic and other disasters, leading to improved communication and outcomes. SST provides borrowers with convenient access to assistance options, helping them stay in their homes.
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Black Knight Originations Market Monitor: Mortgage Locks Edge Lower in June While Credit Availability Continues to Tighten

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The Optimal Blue Mortgage Market Indices showed a rise in 30-year conforming rates in June. Overall rate lock volumes were down, but conforming loans gained share. Purchase lock counts were significantly lower compared to last year and pre-pandemic levels. The average purchase price continued to rise, while the average loan amount remained flat. Credit scores also increased, with the average credit score among purchase locks reaching a record high. The adjustable-rate mortgage share decreased, and the 10-year Treasury yield rose.
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Black Knight: Housing Market Reignites as Home Prices Hit New Record High in May; Inventory, Affordability Continue to Plague Potential Buyers

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Bay Federal Credit Union Selects Empower, Black Knight's Cloud-Based LOS, and its Origination Technologies Suite to Support Both Traditional and Specialized Loan Products

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

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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 is the market cap of Black Knight (BKI)?

The market cap of Black Knight (BKI) is approximately 11.9B.

What services does Black Knight, Inc. provide?

Black Knight offers integrated software, data, and analytics solutions for the mortgage, consumer loan, real estate, and capital markets industries.

What are some of Black Knight's key products?

Key products include the Empower® Loan Origination System (LOS) and their comprehensive Data and Analytics solutions.

How did Black Knight perform in the latest financial quarter?

In Q2 2023, Black Knight saw a revenue decline of 4% due to lower origination volumes and market effects. However, the company remains optimistic about long-term growth.

What is the status of Black Knight's merger with Intercontinental Exchange?

The proposed merger with Intercontinental Exchange is valued at $11.7 billion and is expected to close by the end of 2023, subject to regulatory clearance.

What recent achievements has Black Knight announced?

Recent achievements include the release of the August 2023 Mortgage Monitor Report and new peaks in their Home Price Index (HPI).

How does Black Knight help its clients?

Black Knight helps clients retain existing customers, attract new ones, mitigate risks, and operate more efficiently through its innovative solutions.

What is Black Knight’s Home Price Index (HPI)?

The Home Price Index (HPI) is a tool that tracks home price trends and has recently reached new peaks, indicating ongoing price increases.

What is the impact of current market conditions on Black Knight?

Current market conditions have led to revenue declines, but Black Knight remains focused on strategic initiatives and long-term growth opportunities.

What is Black Knight's role in the mortgage market?

Black Knight provides critical software and analytics tools that support the entire mortgage lifecycle, from origination to servicing.

Where can I find more information about Black Knight?

More information can be found on Black Knight's official website: www.blackknightinc.com.

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Black Knight, Inc.

NYSE:BKI

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BKI Stock Data

11.88B
151.23M
3.51%
92.28%
1.04%
Software - Application
Technology
Link
United States
Jacksonville