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Tag Archives: Black Knight Financial Services

Foreclosure Starts Rising, But Overall Inventory Down

Foreclosure starts increased nationwide for the third consecutive month but are down 20 percent from last year, according to Black Knight Financial Services "First Look" at mortgage data for July 2014 released on August 26. Overall inventory fell by 1.65 percent from June down to 935,000 in July. The overall inventory is down 34 percent from July 2013 and has hit its lowest level since March 2008.

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Foreclosure Starts Rise for the First Time in Months

Foreclosure starts rose for the first time in eight months in May but there is still reason to be optimistic about the United States housing market according to the latest Mortgage Monitor Report of the latest available data released by Black Knight Financial Services. The report indicated that foreclosure starts nationwide rose by 9.5 percent.

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Interest Rate Resets a Concern for Modified Mortgages

The Data and Analytics division of Black Knight Financial Services released its latest Mortgage Monitor Report, which analyzed data as of the end of April 2014. The report found that there were roughly 2 million modified mortgages facing interest rate resets, with 40 percent of those loan modifications currently underwater.

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Early Delinquency Rates Increase; Foreclosures Decline in April

2015 HUD

The Data and Analytics division of Black Knight Financial Services released its "First Look" at mortgage loan data as of the end of April 2014. The report found that the foreclosure rate is at its lowest point since 2008, and the number of seriously delinquent loans not in foreclosure is down over 200,000 since last year.

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Black Knight: 1 in 10 Borrowers Underwater

In Black Knight Financial Services’ latest Mortgage Monitor Report, the company found that only one in ten Americans are underwater, down from one in three in 2010. Overall, the company's look at March data reflected a shifting landscape.

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Home Price Index Jumps Up in February

Black Knight Financial Services released its Home Price Index (HPI), noting that home prices in the U.S. rose .7 percent for the month of February to an average of $233,000. The slight increase for the month reflects an overall yearly increase of 7.6 percent, according to the financial company.

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Black Knight: Delinquency Rate Lowest Since October 2007

Delinquency and foreclosures rates have declined to levels not seen since October 2007 and 2008, respectively, according to Black Knight Financial Services "First Look" at March Mortgage Data. The company’s Data and Analytics division reported that the share of loans in foreclosure was down nearly 37 percent year-over-year.

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Industry Modification Efforts Have Matured But Loans Are Harder To Get

Black Knight Financial Service’s Mortgage Monitor Report reports effective loan modification efforts have shown far fewer defaults, which helps those underwater already in homes. However, those looking to get a home that have had some trouble in the past may hit a brick wall, as only 30% of loans last year went to borrowers with credit scores below 720, which isn't even close to the subprime score of 620.

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S&P/Case-Shiller Index Shows Improvement in January

The S&P/Case-Shiller Home Price Indices, released Tuesday, showed a 0.8 percent seasonally adjusted month-over-month improvement in January, topping the 0.7 percent gain forecast in a poll of economist conducted by Reuters. On an unadjusted basis, the 20-city composite index posted its third monthly decline at -0.1 percent. The 10-city index ticked up a negligible amount, meanwhile.

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Unchanged Home Prices Raises Questions

The Data & Analytics division of Black Knight Financial Services (BKFS) reported no monthly change in its Home Price Index (HPI) for January. The latest report from BKFS underlines questions as to where other home price reports—including the monthly Case-Shiller Home Price Indices—will land.

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