Black Knight ready to sell Empower to address antitrust concerns
Deal with Constellation Software Inc. hinges on Intercontinental Exchange closing deal to acquire Black Knight, now valued at $11.7B. ICE says it's prepared to fight FTC in court
by Matt Carter Mar 7
Pandemic-fueled 'lock-in effect' likely to limit new spring listings
Black Knight data shows new listing volume down 25% in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown
by Matt Carter Mar 6
Black Knight's Q4 profits slip as clients cope with challenges
Real estate software, data and analytics company signs new customers to book $452.5M 2022 profit, up 118% from 2021 with revenue climbing 5% to $1.55B
by Matt Carter Feb 28
FTC prepares to challenge ICE's $13B Black Knight deal: Report
Federal Trade Commission not convinced that Black Knight's plans to spin off its Empower loan origination system allays antitrust concerns, 'Politico' reports
by Matt Carter Feb 27
New Black Knight integrations 'close the loop' on digital mortgages
Integration of Wolters Kluwer's eNote and eVault capabilities into Black Knight's digital closing solution, Expedite Close, eliminates need for multiple vendors
by Matt Carter Feb 17
ICE sees $13B Black Knight merger surviving antitrust concerns
Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators' antitrust concerns as critics raise market power, data privacy issues
by Matt Carter Feb 15
Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
Rising mortgage rates have many lenders looking to sell servicing rights, creating opportunity for Dallas-based company that now collects payments on $870B in loans
by Matt Carter Feb 10
Altisource public stock offering will pay off roughly $20M in debt
Shares in the Hubzu operator touched a new 52-week low Friday as the company released details of a plan to pay off a portion of its nearly $200M debt burden by issuing up to 4.6M shares
by Matt Carter Feb 10
Black Knight, myCUmortgage vie to power credit unions' home loans
Ohio-based myCUmortgage signed 9 credit unions serving more than 380,000 members as new partners in 2022, touting opportunity to win repeat business as the loan servicer
by Matt Carter Feb 7
Most homebuyers forking out big bucks to buy down mortgage rate
While mortgage rates have eased and home prices have fallen in many markets, affordability still has a 'stranglehold on much of the market,' according to research released by Black Knight
by Matt Carter Feb 7
In a first, Rocket Mortgage powers mortgages for a community bank
Nashville, Tennessee-based Fourth Capital Bank is the first to integrate Rocket Mortgage’s digital mortgage application using new platform developed by Q2 Software
by Matt Carter Jan 31
Cordless Media ads on MLSs will provide real-time mortgage rates
Ad marketplace is first to implement Optimal Blue's new lead-quoting application programming interface, allowing ads to display rates from multiple lenders
by Matt Carter Jan 10
DFCU Financial to offer mortgages to buyers on Florida's Gulf Coast
Michigan-based credit union expands into Florida by closing merger with Tampa-based First Citrus Bank. Full product and service integration is expected by mid-2023
by Matt Carter Jan 3
Real estate transfer tax hikes create headaches for mortgage lenders
Federal regulations provide 'zero tolerance' for miscalculating real estate transaction taxes when providing TILA-RESPA integrated disclosure to borrowers, Black Knight warns
by Matt Carter Dec 19
Homebuyers have appetite for down payment assistance info, Zillow says
Zillow revealed Thursday that 1M users have queried its Down Payment Resource database since the real estate search portal partnered with the data provider a year ago as home prices soared
by Matt Carter Dec 15