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 Monday by Black Knight. Continue reading

Cordless Media ads on MLSs will provide real-time mortgage rates

Ad marketplace is the first to implement Optimal Blue’s new lead-quoting application programming interface, allowing ads to display rates from multiple lenders. Continue reading

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. Continue reading

Fidelity paying Black Knight $225M to bring TitlePoint back into the fold

With ICE’s acquisition of Black Knight pending, title insurer exercises right to buy back title search and order management solution. Continue reading

Black Knight signs another credit union as Empower client

San Diego-based BluPeak is the ninth credit union Black Knight has signed to use its mortgage loan origination system in the last 12 months. Continue reading

Credit unions, banks flock to Black Knight’s Empower mortgage LOS

IThink Financial, the eighth credit union to sign up for Empower since December, will use the mortgage loan origination system to provide home loans to more than 100,000 members. Continue reading

Home prices down from peaks in quarter of nation’s top 50 markets

Falling sales are driving inventory growth, bit it will take more than a year at the current rate for listings levels to get back to normal, according to Black Knight’s latest monthly Mortgage Monitor Report. Continue reading

As rates rose, demand for mortgages dwindled every month in Q2

Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight. Continue reading

Mortgage Coach and Sales Boomerang merge under new CEO

Richard Harris, a veteran of SparkPost, Oracle and AddThis, will lead the merged company, which said it will employ 144 people with no layoffs anticipated. Continue reading