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MarketScreener Homepage  >  Equities  >  Nyse  >  Black Knight, Inc.    BKI

BLACK KNIGHT, INC.

(BKI)
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Black Knight : Another Week of Strong Forbearance Improvement

11/13/2020 | 12:13pm EST

After declining by 5% last week, the number of loans in active forbearance saw another week of strong improvement.

According to the latest weekly snapshot of Black Knight's McDash Flash daily forbearance tracking data, active forbearance plans fell by 121,000 (-4%) over the last week. Overall, that puts forbearance volumes down 9% (-416,000) since the start of November.

[Link]

The decline was seen across investor classes and was largely due to the bulk of remaining October expirations being addressed over the past seven days, with some 191,000 homeowners removed from forbearance plans since last week.

Forbearance starts pulled back, with the week's 68,000 starts marking the lowest weekly total since the first week of October. New forbearance starts (excluding restarts) hit a COVID-era low of just 31,000. Another 98,000 homeowners had their forbearance plans extended this week.

There have been positive signs so far in November, but with 323,000 active forbearances having recently expired or set to expire in the month, improvement may be somewhat limited in the coming weeks.

As of November 10, there are now 2.74 million homeowners in active forbearance plans, representing approximately 5.2% of all active mortgages, down from 5.4% from last week. Together, they represent $559 billion in unpaid principal. [Link]

Some 3.5% of all GSE-backed loans and 9.1% of all FHA/VA loans are currently in forbearance plans. Another 5% of loans in private label securities or banks' portfolios are also in forbearance.

Since last week, portfolio/PLS loans saw the largest weekly decline at -49,000 (-7.1%), while GSE forbearances fell by 45,000 (-4.3%), and FHA/VA loans saw a more modest decline of -27,000 (-2.4%).

Of the 2.74 million loans still in active forbearance, 81% have had their terms extended at some point since March.[Link]

With COVID-19 cases rising across the country, it will be important to keep an eye on unemployment numbers and forbearance starts over the coming weeks. Black Knight will continue to monitor the situation and report our findings on this blog.

Disclaimer

Black Knight Inc. published this content on 13 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 17:12:03 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 1 233 M - -
Net income 2020 222 M - -
Net Debt 2020 2 185 M - -
P/E ratio 2020 50,1x
Yield 2020 -
Capitalization 13 170 M 13 170 M -
EV / Sales 2020 12,5x
EV / Sales 2021 10,7x
Nbr of Employees 4 900
Free-Float 94,6%
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Black Knight, Inc. Technical Analysis Chart | BKI | US09215C1053 | MarketScreener
Technical analysis trends BLACK KNIGHT, INC.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 101,43 $
Last Close Price 84,73 $
Spread / Highest target 29,8%
Spread / Average Target 19,7%
Spread / Lowest Target 12,1%
EPS Revisions
Managers and Directors
NameTitle
Anthony M. Jabbour Chief Executive Officer & Director
Joseph M. Nackashi President
William Patrick Foley Executive Chairman
Kirk T. Larsen Chief Financial Officer & Executive Vice President
Peter Carrara Chief Information Officer
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