Black Knight, Inc. (NYSE: BKI) reports the following "first look" at March 2020 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

(Bloomberg) -- About 7.3% of U.S. mortgages entered forbearance plans in April, providing temporary relief to more than 3.8 million borrowers who have lost income during the coronavirus pandemic.The loans have $841 billion in unpaid principal balance, up almost 12% from a week earlier, according to figures released Friday by Black Knight Inc., a mortgage information service based in Jacksonville, Florida.Requests for payment relief are expected to soar as businesses remain shuttered to control the spread of the deadly virus and job losses mount. More than 30 million U.S. workers filed for unemployment benefits in the past six weeks.Under legislation passed in late March, borrowers are allowed to defer payments without penalty for as long as six months initially, with a possible six-month extension. They’re obligated to eventually repay the money.The forbearance rate was highest -- 10.5% -- among loans from the Federal Housing Administration and Veterans Administration, which are available to people with lower credit scores and smaller down payments.The share was 6.1% for mortgages backed by government-sponsored Fannie Mae or Freddie Mac. Servicers responsible for Fannie and Freddie loans are required to advance payments to bond investors for four months, which would cost $8 billion at the current forbearance rate for the group, Black Knight said.Fannie Mae said Friday that 7% of its single-family home mortgages are already in forbearance. That rate could more than double, Celeste Mellet Brown, Fannie’s chief financial officer, said Friday during a call with investors.(Updates with Fannie Mae estimates in last two paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Black Knight, Inc. (NYSE:BKI) continues to monitor the impact of the COVID-19 pandemic on the U.S. mortgage market, tracking loan-level forbearance and performance data on a daily basis through its McDash Flash data set and the new McDash Flash Payment Tracker. According to Black Knight CEO Anthony Jabbour, the increased insights made available via the McDash Flash Payment Tracker give clients insight into not only the number of borrowers entering forbearance, but daily updates on what share of borrowers are making their mortgage payments each month, whether in forbearance or not.

In light of the significant impacts the COVID-19 pandemic is having on the U.S. mortgage market, Black Knight, Inc. (NYSE: BKI) has been tracking loan-level forbearance data on a daily basis through its newly introduced McDash Flash data set, and is publicly reporting high-level data points on a weekly basis. According to Black Knight CEO Anthony Jabbour, the recent Federal Housing Finance Agency (FHFA) announcement of a four-month limit on advance obligations for servicers of mortgages backed by Fannie Mae and Freddie Mac provides the industry with some much-needed clarity.

Black Knight, Inc. (NYSE:BKI) announced today that Carrington Mortgage Services has signed an agreement to implement a comprehensive suite of Black Knight origination solutions. Carrington Mortgage Services is one of the nation's largest privately held non-bank lenders, offering a full slate of conventional Fannie Mae, Freddie Mac, FHA, VA and USDA products through its wholesale, retail and correspondent lending channels. The implementation includes the Empower loan origination system (LOS), as well as other Black Knight applications, to help improve operational efficiency, reduce risk and enhance the customer experience.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Black Knight, Inc. New York, May 20, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Black Knight, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Today, Black Knight, Inc. (NYSE:BKI) announced the release of a white paper, "Servicing Impacts of COVID-19," for users of the industry-leading MSP loan servicing system. The paper provides Black Knight's MSP clients with specific guidance on using the system's existing processes and automation to assist borrowers impacted by the COVID-19 pandemic. MSP – which is used by financial institutions of all sizes to service 34 million active loans – stands ready to assist servicers as they manage the operational challenges associated with the unprecedented surge in forbearance requests. Black Knight is working collaboratively with servicers to provide solutions and support to help consumers in their time of need during this national health crisis.

Black Knight (BKI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Black Knight, Inc. (NYSE:BKI) reports the following "first look" at April 2020 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

The Downtown Investment Authority has done its part to ensure that Fidelity National Information Services Inc. (NYSE: FIS) can start construction in May on its $145 million campus in Brooklyn. The board unanimously allotted the development rights and stormwater credits needed to build the 12-story office tower and parking garage along the riverfront in Brooklyn. Board member Todd Froats abstained from the votes because his company, ICX Group Inc., provides services for FIS.

In light of the significant impacts the COVID-19 pandemic is having on the U.S. mortgage market, Black Knight, Inc. (NYSE: BKI) has begun tracking loan-level forbearance data on a daily basis through its newly introduced McDash Flash data set. This level of detail is essential for both mortgage market participants and government entities in addressing the economic ramifications of this crisis. Leveraging Black Knight's extensive loan-level mortgage data and proprietary analytics, the company has created the high-level McDash Flash Forbearance Tracker report, which will be made available to all Black Knight MSP servicing clients and McDash loan-level performance data set contributors on a daily basis beginning next week. In addition, multiple government agencies and the government sponsored enterprises (GSEs) will be able to receive these updates as well. Deeper insights, including industry aggregate, custom reporting and daily loan-level performance data will also be offered.

(Bloomberg) -- Delinquencies on U.S. home loans surged by 1.6 million in April, the biggest one-month gain ever, after the government cleared the way for Americans who lost income in the pandemic to delay payments without penalty.Mortgages at least 30 days in arrears almost doubled to 6.45%, the highest rate since January 2015, according to data compiled by Black Knight Inc. About 3.4 million loans were more than 30 days late and an additional 211,000 properties were in foreclosure or on track for repossession by lenders.A federal relief program allows borrowers impacted by the virus an initial six-month payment deferral without penalty. About 4.7 million borrowers were in forbearance as of May 12, according to Black Knight.“While April saw a record single-month increase in the national delinquency rate, the data shows that the vast majority of new delinquencies represent borrowers who are currently in COVID-19-related forbearance programs,” said Andy Walden, economist and director of market research at Black Knight.The pace of delinquency increases is unprecedented but it’s still uncertain whether the volume of problem loans will return to the levels they reached after the last decade’s foreclosure crisis. About 7.9 million mortgages were noncurrent in January 2010, according to Black Knight.Employers cut a record 20.5 million jobs in April and the unemployment rate tripled to 14.5% as shelter-in-place health orders pummeled the economy.In another sign of housing weakness, U.S. sales of previously-owned homes sank 17.8% in April from a month earlier, the biggest drop since 2010, the National Association of Realtors reported Thursday.Other report highlights:Metro areas with the biggest month-on-month delinquency increases were Miami, Las Vegas and New York City.Mississippi had the highest rate of late payments at 11.9%, followed by Louisiana and New York.New York state’s delinquency rate almost doubled from a year earlier to 9.8%. It peaked at 13.9% in December 2012.New Jersey’s delinquency rate hit 9.4%, more than double April 2019. It also peaked in December 2012 at 16.8%.California’s noncurrent loan rate was 5.7%. It peaked at 15.7% in February 2010.The number of loans in foreclosure declined nationally amid moratoriums halting the process.(Updates with April home sales data in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Good morning, everyone, and thank you for joining us for the Black Knight First Quarter 2020 Earnings Conference Call. Joining me today are Chief Executive Officer, Anthony Jabbour; and Chief Financial Officer, Kirk Larsen.

Today, the Data & Analytics division of Black Knight, Inc. (NYSE: BKI) released its latest Mortgage Monitor Report, based upon the company's industry-leading mortgage performance, housing and public records datasets. As the economic impact of COVID-19 continues, Black Knight looked this month at key indicators of mortgage performance and daily forbearance activity, as well as the effects of the pandemic on interest rates and the housing market. As Black Knight Data & Analytics President Ben Graboske explained, the rate at which American homeowners have been seeking mortgage forbearances began to slow from the middle of April forward, and Black Knight will monitor this trend to see if it continues.

Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, today announced that Kirk Larsen, Black Knight's executive vice president and chief financial officer, will present virtually at the William Blair Growth Stock Conference on Tuesday, June 9, 2020 at approximately 1:20 p.m. Central Time. A live webcast and replay of the presentation will be available through Black Knight's Investor Relations website at http://investor.blackknightinc.com.

Today, the Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company's industry-leading mortgage performance, housing and public records datasets. This month, in light of the growing impact of the COVID-19 pandemic on the economy, Black Knight drilled down into aspects of its extensive white paper exploring the ramifications of this crisis for the real estate and mortgage industries. As Black Knight Data & Analytics President Ben Graboske explained, any attempt to quantify potential delinquencies from the current situation is challenging, as there have been no true corollaries in history.

It's been a good week for Black Knight, Inc. (NYSE:BKI) shareholders, because the company has just released its latest...

Black Knight, Inc. (NYSE: BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, today announced the date for the release of its first quarter 2020 earnings and its participation in an upcoming investor conference.

Black Knight, Inc. (NYSE:BKI) announced that CompassPPE, its robust, intuitive product, pricing and eligibility engine (PPE), is now available within its industry-leading Empower loan origination system (LOS). With this integration, Empower clients can seamlessly access advanced lock and relock workflows directly from the LOS.