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BLACK KNIGHT, INC.

(BKI)
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Black Knight : Little Movement in Forbearance Volumes This Week

09/24/2021 | 09:12am EDT

The number of active forbearance plans fell by 18,000 (-1.4%) this week, leaving 1.58 million U.S. homeowners in COVID-19 forbearance as of September 14.

Declines of 11,000 and 10,000 among FHA/VA and GSE loans respectively were partially offset by a 3,000 rise in PLS/portfolio plans. Overall, forbearances are now down 182,000 (-10%) from the same time last month, with the strongest decline (-13%) seen among GSE plans.

The population of mortgage holders in COVID-19 related forbearance plans represents 3% of all active mortgages, including 1.7% of GSE, 5.2% of FHA/VA and 3.8% of portfolio held and privately securitized loans.

In terms of forbearance plan starts, 15,000 new plans were initiated since last Tuesday - down slightly from last week's 16,000 starts - while 34,000 plans were restarted, compared to last week's volume of 35,000. Meanwhile, in typical mid-month behavior, plan exits dipped slightly this week, but are expected to ramp up in coming weeks.

More than 460,000 plans are still slated for review for extension/removal over the final week of September, with some 300,000 set to reach their final expirations based on current allowable forbearance term lengths. This could lead to significant movement in volumes entering early October.

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 24 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2021 13:11:06 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 1 457 M - -
Net income 2021 167 M - -
Net Debt 2021 2 005 M - -
P/E ratio 2021 65,6x
Yield 2021 -
Capitalization 11 379 M 11 379 M -
EV / Sales 2021 9,19x
EV / Sales 2022 8,33x
Nbr of Employees 5 700
Free-Float 94,8%
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Number of Analysts 11
Last Close Price 73,22 $
Average target price 94,20 $
Spread / Average Target 28,7%
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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
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