Black Knight, Jacksonville, Fla., said 57 percent of recent borrowers used rate buydowns to purchase a home, with nearly 25 percent paying two or more points upfront.
Tag: Black Knight Mortgage Monitor

Black Knight: 8% of 2022 Mortgaged Home Purchases Underwater; FHA Loans See Early-Payment Defaults Rise
Black Knight, Jacksonville, Fla., said of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater and nearly 40% have less than 10% equity stakes in their home, a situation most concentrated among FHA/VA loans.