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ICE’s Long-Delayed Acquisition of Black Knight Slated for Sept. 5

ICE’s Long-Delayed Acquisition of Black Knight Slated for Sept. 5

by Phil Hall | Aug 28, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Intercontinental Exchange Inc. (NYSE: ICE) stated its $11.7 billion acquisition of Black Knight Inc. (NYSE: BKI) that was first announced 16 months ago will take place on Sept. 5 after the companies reached an agreement with the U.S. Federal Trade Commission regarding...
Foreclosure Inventory Hits 15-Month Low

Foreclosure Inventory Hits 15-Month Low

by Phil Hall | Aug 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. foreclosure inventory in July descended to its lowest level in 15 months, according to new data from Black Knight Inc. (NYSE:BKI). The total U.S. loan delinquency rate last month was 3.21%, up 9 basis points from the previous month but down 12 basis points...
Serious Delinquency Rate Crashes to 17-Year Low

Serious Delinquency Rate Crashes to 17-Year Low

by Phil Hall | Jul 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of serious delinquencies – defined as loans 90 days or more past due – dropped to 471,000 in June, the lowest since August 2006, according to new data from Black Knight Inc. (NYSE:BKI). June’s level is 177,000 loans lower (-27%) from one year earlier....
Black Knight Sells Optimal Blue for $700 Million

Black Knight Sells Optimal Blue for $700 Million

by Phil Hall | Jul 17, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Black Knight Inc. (NYSE: BKI) is selling its Optimal Blue business to a subsidiary of the Canadian-based Constellation Software Inc. (TSX: CSU) for $700 million. The structure of the proposed transaction includes a payment by Constellation of $200 million in cash,...
Black Knight’s Home Price Index Hits New Record High

Black Knight’s Home Price Index Hits New Record High

by Phil Hall | Jul 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Home Price Index published by Black Knight Inc. (NYSE:BKI) reached a new record peak in May, with 27 of the 50 major markets tracked by the company either reaching new highs or returning to prior home price peaks. May’s 0.7% seasonally adjusted monthly...
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