Black Knight: Cash-out refis up 68% since 2Q 2014

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Black Knight, Inc. (NYSE:BKI) Q2 2018 Results Earnings Conference Call July 30, 2018, 05:00 PM ET Executives Bryan Hipsher – SVP of Finance Anthony Jabbour – CE. Adjusted net earnings was $68.4.

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Cash-out refinances were up 68% year-over-year from the second quarter of 2014, as borrowers take advantage of still-low rates and newfound equity in their homes, according to Black Knight.

About Black Knight Financial Services, Inc. Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE:FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

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– Last week, Black Knight said Thomas H. Lee is reducing its stake. The investment firm sold 2 million shares back to the company and 5 million of its Black Knight shares to the public. That reduces Thomas H. Lee’s stake from 23 percent to 20 percent, Black Knight said in a Securities and Exchange commission filing. shoe carnival jumps on.

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Although total cash sales decreased from last year’s 37% to 35% in the first quarter of 2016, they make up the majority of sales in the bottom 20% of the market value, according to Black Knight’s.