Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BLACK KNIGHT, INC.

(BKI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Black Knight : Largest Weekly Forbearance Decline in 12 Months

10/08/2021 | 07:12am EST

We've been waiting for a sizable drop in the number of active forbearance plans, given the large number of plans both marked for either review (for extension/removal) or final expiration in September.

Well, this week has brought the first real signs of that. In fact, according to our McDash Flash daily forbearance tracking dataset, the population dropped by 11% since last Tuesday, marking the largest weekly decline in 12 months.

The number of active forbearance plans fell by 177,000 this week with declines seen across all investor classes, led by an 84,000 plan drop among FHA/VA loans. Plans among GSE loans and those held in bank portfolios and private label securities also fell, seeing 50,000 (-11%) and 43,000 (-8%) declines respectively.

As of October 5, 1.39 million mortgage holders remain in COVID-19 related forbearance plans, representing 2.6% of all active mortgages, including 1.4% of GSE, 4.3% of FHA/VA and 3.6% of portfolio held and privately securitized loans.

Overall, forbearances have declined by 294,000 (-17%) over the past 30 days, the fastest monthly rate of improvement since October 2020. Plan exits surged then as the first wave of forbearance entrants reached their six-month mark. The folks who'd remained are now reaching the end of their allowable terms.

There are still more than 180,000 plans with September month-end review dates. Keep in mind that this data only covers the last business day in that month and the first three in October. Additional exits are likely in coming weeks as well as servicers continue to work through the large volumes of expirations.

We will continue to monitor the very latest forbearance data from the McDash Flash dataset and report our findings each week on this blog.

Disclaimer

Black Knight Inc. published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 11:11:06 UTC.


ę Publicnow 2021
All news about BLACK KNIGHT, INC.
01/14BLACK KNIGHT : Forbearance Plan Exits Strong Through Second Week of January
PU
01/13BLACK KNIGHT : The Real Estate Market in 2022 – Home Prices and Indexes Versus Granu..
PU
01/11Aspire Home Loans Signs Contract for Black Knight's Innovative Empower Loan Origination..
PR
01/10BLACK KNIGHT : December 2021 Originations Market Monitor
PU
01/10BLACK KNIGHT ORIGINATIONS MARKET MON : Rate Lock Activity Falls for Fourth Consecutive Mon..
PR
01/07FRESH START : Forbearance Plan Exits Surge in First Week of 2022
PU
01/06BLACK KNIGHT : How Will the Latest FHFA Pricing Changes Impact You and Your Borrowers?
PU
01/06Sound Credit Union Selects Empower, Black Knight's Configurable Loan Origination System..
PR
01/06Sound Credit Union Selects Empower, Black Knight's Configurable Loan Origination System..
CI
01/05BLACK KNIGHT : National Mortgage Professional Recognizes Black Knight Surefire's John Hard..
PU
More news
Analyst Recommendations on BLACK KNIGHT, INC.
More recommendations
Financials (USD)
Sales 2021 1 469 M - -
Net income 2021 188 M - -
Net Debt 2021 2 417 M - -
P/E ratio 2021 60,8x
Yield 2021 -
Capitalization 11 524 M 11 524 M -
EV / Sales 2021 9,49x
EV / Sales 2022 8,67x
Nbr of Employees 5 700
Free-Float -
Chart BLACK KNIGHT, INC.
Duration : Period :
Black Knight, Inc. Technical Analysis Chart | BKI | US09215C1053 | MarketScreener
Technical analysis trends BLACK KNIGHT, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 74,80 $
Average target price 94,60 $
Spread / Average Target 26,5%
EPS Revisions
Managers and Directors
Anthony M. Jabbour Chairman & Chief Executive Officer
Joseph M. Nackashi President
Kirk T. Larsen Chief Financial Officer & Executive Vice President
Peter Carrara Chief Information Officer
Bob Pinder Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
BLACK KNIGHT, INC.-9.76%11 524
MICROSOFT CORPORATION-7.77%2 328 976
SEA LIMITED-21.76%98 356
ATLASSIAN CORPORATION PLC-22.00%75 166
DASSAULT SYSTÈMES SE-13.07%68 339
SYNOPSYS INC.-11.49%50 045