Waters calls on FTC to review ICE’s $13B Black Knight deal
Waters calls on FTC to review ICE’s $13B Black Knight deal
Maxine Waters wants regulators to closely scrutinize the proposed $13 billion purchase of Black Knight by Intercontinental Exchange (ICE).
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In a move that may shake up the mortgage industry, Intercontinental Exchange said it bought Black Knight for $13.1 billion.
The post Shock to the system: ICE to pay $13B for rival Black Knight appeared first on HousingWire.
In a move that may shake up the mortgage industry, Intercontinental Exchange said it bought Black Knight for $13.1 billion.
The post Shock to the system: ICE to pay $13B for rival Black Knight appeared first on HousingWire.
Delinquencies reversed course in June after three consecutive months of drops to record lows, according to Black Knight, but experts there warned not to make too much of the recent change.The overall delinquency rate, excluding foreclosures, rose 9 basis points from May to 2.84%, according to Black Knight’s First Look report. Both short- and long-term delinquencies increased during the month, with the increase in the latter being the first seen in almost two years. During June, 1.51 million m...
Delinquencies reversed course in June after three consecutive months of drops to record lows, according to Black Knight, but experts there warned not to make too much of the recent change.The overall delinquency rate, excluding foreclosures, rose 9 basis points from May to 2.84%, according to Black Knight’s First Look report. Both short- and long-term delinquencies increased during the month, with the increase in the latter being the first seen in almost two years. During June, 1.51 million m...
Black Knight's stock has been traded below its value because of an investor misconception, according to analysts who track the company. But private equity firms see big potential for the Jacksonville giant – and they're ready to buy.
The post The logic behind a Black Knight takeover appeared first on HousingWire.
Black Knight's stock has been traded below its value because of an investor misconception, according to analysts who track the company. But private equity firms see big potential for the Jacksonville giant – and they're ready to buy.
The post The logic behind a Black Knight takeover appeared first on HousingWire.
Atlanta-based Intercontinental Exchange has entered into a definitive agreement to acquire Jacksonville-based Black Knight Inc. (NYSE: BKI), a housing finance industry software, data and analytics company with 6,500 employees.
The deal is valued at $13.1 billion, according to a prepared written statement provided by the companies. It is expected to realize cost synergies of $200 million, with one-third realized by year one, two-thirds by year three and fully realized by year five.
Black Knig...
Atlanta-based Intercontinental Exchange has entered into a definitive agreement to acquire Jacksonville-based Black Knight Inc. (NYSE: BKI), a housing finance industry software, data and analytics company with 6,500 employees.
The deal is valued at $13.1 billion, according to a prepared written statement provided by the companies. It is expected to realize cost synergies of $200 million, with one-third realized by year one, two-thirds by year three and fully realized by year five.
Black Knig...
The proposed deal is valued at $13.1 billion.
The proposed deal is valued at $13.1 billion.
VanDyk Mortgage Corporation signed a contract to use Black Knight's MSP system to expand its servicing operations.
The post VanDyk Mortgage to expand servicing operations using Black Knight system appeared first on HousingWire.
VanDyk Mortgage Corporation signed a contract to use Black Knight's MSP system to expand its servicing operations.
The post VanDyk Mortgage to expand servicing operations using Black Knight system appeared first on HousingWire.
The market presence of the proposed ICE-Black Knight merger threatens to destabilize the mortgage industry in several ways.
The post Opinion: ICE/Black Knight merger could raise mortgage costs appeared first on HousingWire.
The market presence of the proposed ICE-Black Knight merger threatens to destabilize the mortgage industry in several ways.
The post Opinion: ICE/Black Knight merger could raise mortgage costs appeared first on HousingWire.
The transaction is expected to close in the first half of 2023.
The transaction is expected to close in the first half of 2023.
The ICE acquisition of Black Knight is different because of data. No single lender has had control of so much consumer information.
The post Opinion: The risk of ICE, Black Knight deal is in the data appeared first on HousingWire.
The ICE acquisition of Black Knight is different because of data. No single lender has had control of so much consumer information.
The post Opinion: The risk of ICE, Black Knight deal is in the data appeared first on HousingWire.