documents online, saving time and reducing out-of-pocket costs. CNBC's Diana Olick reports on mortgage bailouts amid the coronavirus pandemic. to improve the experience for our clients.". The Mortgage Monitor report will be available online at https://www.blackknightinc.com/data-reports/ by July 6, 2020. All Rights Reserved. "Though the market continues to adjust to historic and unprecedented conditions, these are clear signs of long-term improvement.". TIAA Bank is a leading financial services provider headquartered FHA/VA loan forbearances declined by 15% — by 208,000. Black Knight also reported that 0.36% of mortgages were in the … -- Black Knight, Inc. (NYSE: BKI) announced that TIAA partner for 55 years, Black Knight's technology and commitment to Get this delivered to your inbox, and more info about our products and services. In addition, the decline was noticeably larger than the drop of 435,000 when the first wave of forbearances hit the three-month mark in early July. Black Knight Inc. has wrapped up its acquisition of Optimal Blue, a provider of secondary market solutions and actionable data services. An additional 800,000 forbearance plans are slated to reach the end of their initial six-month term in the next 30 days. JACKSONVILLE, Fla., Oct. 1, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced that TIAA Bank will be implementing Black Knight's fully integrated suite of mortgage origination solutions. entire homeownership life cycle to help retain existing customers, JACKSONVILLE, Fla., June 22, 2020 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at May 2020 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. InvestorsHub.com, Inc. correspondent lending, as well as several other Black Knight In connection with the acquisition, Black Knight will combine its Compass Analytics business with Optimal Blue in a newly formed entity with minority co-investors Cannae Holdings Inc. and Thomas H. Lee Partners, LP (THL). The number of mortgages whose payment requirements have been suspended because of the coronavirus plunged in the past week, as the first group of loans hit the end of their six-month term. Cision Distribution 888-776-0942 That brings the total number of plans below 3 million for the first time since April. Covid-19 mortgage bailouts see largest fall as first wave of forbearance plans end. The improvement in mortgage bailout numbers was across all investor classes, but portfolio-held and private-labeled security loans saw the greatest reduction, with active forbearances falling 24%, or by 228,000. About Black KnightBlack Knight (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle. experience. Got a confidential news tip? To increase efficiencies, TIAA Bank will use Oct. 1, 2020 /PRNewswire/ More As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week. All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred. information on TIAA Bank can be found at TIAABank.com. "Black Knight and TIAA Bank have enjoyed a long and an award-winning software, data and analytics company that drives As a leading fintech, Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. 01:20. happy to be a part of the bank's continued growth.". About Black Knight Black Knight (NYSE:BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle. of Mortgage Operations for TIAA Bank. That brings the total number of plans, both government and private sector, below 3 million for the first time since April. channels. The number of mortgages in active pandemic-related bailouts plunged as the first wave of forbearance plans hit the end of their six-month term. For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected]. In producing the Mortgage Monitor, Black Knight’s Data & Analytics division aggregates, analyzes and reports upon the most recently available data from the company’s vast mortgage and housing related data assets. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. It was the largest decline since the crisis began. electronically capture, price, process, underwrite and close loans The service will also allow clients to securely execute *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Since there are 800,000 forbearances hitting their six-month term over the next month, expiration and extension activity is likely to remain high throughout October. Data is a real-time snapshot *Data is delayed at least 15 minutes. Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm. on a single platform. mortgage solutions to help improve operational efficiency, support See More Posts on {{symbol}} Message Board. "As a trusted servicing Empower loan origination system (LOS) to facilitate originations continued innovation," said Joe industries, as well as the capital and secondary markets. © 2020 CNBC LLC. For more information on Black Knight, please visit
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