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Black Knight Inc - BKI STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Black Knight's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Black Knight's position in the market.

News
Black Knight Originations Market Monitor: Mortgage Activity Falls as Rates Hit Two-Decade High Amid Seasonal Headwinds
Rhea-AI Summary
Mortgage rates climbed above 7.25% in August, the highest in over 20 years, but settled at 7.07% by month-end. Rate lock volumes fell 1.5% from July, driven by a 1.9% decrease in purchase volume. Purchase lock counts were down 22% YoY and 34% compared to pre-pandemic levels. Average purchase price decreased to $450K, with an average loan amount of $352K in August. Adjustable-rate mortgages dropped to 6.56% of lock activity. Overall, the housing market dynamics and high interest rates continue to dampen mortgage demand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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News
Black Knight: As Interest Rates Hit 22-Year Highs, 51% of Homebuyers Face $2,000+ Monthly Mortgage Payments; Nearly a Quarter Face $3,000 Payments or More
Rhea-AI Summary
The average monthly principal and interest payment for borrowers purchasing a home using a 30-year fixed-rate loan reached a record high of $2,306 in July 2023. This represents a 60% increase over the past two years. Rising interest rates have also impacted equity withdrawals from homes, resulting in a 55% decline in equity withdrawals since rates began to rise 15 months ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
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News
Intercontinental Exchange Completes Acquisition of Black Knight and Announces Preliminary Results of Elections Made by Black Knight Stockholders in Connection with the Acquisition
Rhea-AI Summary
Intercontinental Exchange (NYSE: ICE) completes acquisition of Black Knight (NYSE: BKI), creating ICE Mortgage Technology business segment. Black Knight stockholders to receive $75.867 per share in cash or 0.6577 shares of ICE common stock. Total consideration is approximately $11.9 billion. Per Share Stock Consideration oversubscribed, subject to proration. ICE to divest Optimal Blue and Empower LOS businesses to Constellation Software Inc. (TSX: CSU). Conference call to discuss acquisition on September 28.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-100%
Tags
acquisition
News
Black Knight HPI for July 2023: Annual Growth Rate Accelerates as Home Prices Set New Record High, Though Mixed Signals Suggest Market May Be Shifting
Rhea-AI Summary
Home price growth continues, hitting another all-time high in July with a 2.3% annual growth rate. Further acceleration expected in August. Mixed signals in the market data raise questions about a potential downshift. Non-adjusted monthly gains fell below average, signaling a possible transition. Seasonally adjusted price gains observed in 99 of the largest markets, but growth rates cooled. Housing market affordability is tight, impacting growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
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none
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News
Intercontinental Exchange and Black Knight Announce Entry into Agreement Containing Consent Orders with FTC’s Bureau of Competition
Rhea-AI Summary
ICE's acquisition of Black Knight is expected to close on September 5, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Black Knight's First Look at July Mortgage Performance Data: Foreclosure Inventory Hits Lowest Level in 15 Months, While Serious Delinquencies Continue to Decline
Rhea-AI Summary
The national delinquency rate edged up to 3.21% in July, but remains near record lows. Serious delinquencies fell to the lowest level since before the financial crisis. Foreclosure starts and sales are below pre-pandemic levels. Prepayment activity decreased.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
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none
News
AimLoan Completed Successful Implementation of MSP, Black Knight's Loan Servicing System
Rhea-AI Summary
AimLoan has implemented the Black Knight MSP loan servicing system to manage its mortgage loan portfolio in-house. They have also introduced the Black Knight Servicing Digital solution for customer self-service access and the Black Knight Customer Service solution for support representatives. AimLoan has implemented Black Knight's full suite of default solutions to streamline default processes. The company is leveraging Black Knight's data and analytics solutions for strategic insights and analysis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.01%
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none
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News
Black Knight Originations Market Monitor: Mortgage Rate Lock Activity Falls as Rates Top 7% for First Time Since November 2022; Signs of Credit Tightening Persist
Rhea-AI Summary
Black Knight, Inc. (NYSE:BKI) reported that 30-year conforming rates crossed 7% for the first time since November 2022 before falling to 6.88%. Purchase lending accounted for 88% of lock volume, but was down 27% year over year due to higher interest rates and low inventories. The average purchase price was $456K with an average loan amount of $358K in July. Adjustable-rate mortgages (ARMs) fell to 6.79% of July's rate lock activity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
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none
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News
Black Knight: Home Prices Hit New Record Highs in 60% of Major Markets as Annual Growth Rate Rises, Boosting Homeowner Equity Levels
Rhea-AI Summary
NYSE:BKI - Black Knight Home Price Index (HPI) reaches all-time high in June, with home prices hitting new peaks in 30 of the 50 largest markets. Annual growth rate rose to +0.8% in June, up from +0.2% in May. Total mortgage holder equity topped $16T again in June, with tappable equity climbing to $10.5T.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
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none
News
Intercontinental Exchange, Black Knight and the Federal Trade Commission Jointly Agree to Dismiss Federal Court Case, Pending Settlement Negotiations
Rhea-AI Summary
Intercontinental Exchange, Inc. (NYSE: ICE) and Black Knight, Inc. (NYSE: BKI) have jointly stipulated with the Federal Trade Commission (FTC) to dismiss the preliminary injunction proceeding seeking to block ICE’s acquisition of Black Knight. The agreement allows them to continue working towards a final settlement agreement resolving the FTC’s challenge. The Timing Agreement sets deadlines and milestones for a mutually acceptable Agreement Containing Consent Order (ACCO) by August 25, 2023. This follows the announced divestiture agreements for Black Knight’s Optimal Blue and Empower loan origination system businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
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Black Knight Inc

NYSE:BKI

BKI Rankings

N/A Ranked by Market Cap
#1089 Ranked by Stock Gains
N/A Ranked by Dividends

BKI Stock Data

11.88B
152.75M
3.51%
92.28%
1.04%
Software Publishers
Information
Link
US
Jacksonville

About BKI

leading provider of integrated software, data and analytics solutions across the homeownership life cycle.