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Optimal Blue: Mortgage Lock Volume Rose in January on Lower Rates

Mortgage lock volume increased 36% in January compared with December, in response to lower mortgage rates, according to the Optimal Blue Originations Market Monitor. "The...

Freddie Mac Announces Two New VPs of Seller Engagement

Eric Wilson and Jonathan Kunkle have each been named vice president of seller engagement for Freddie Mac’s single-family division. Wilson, who will handle the East...

MCT: Mortgage Lock Volume Increased 14 Percent in December

Mortgage lock volume increased 13.96% in December compared with November, according to Mortgage Capital Trading (MCT). It was the first time since June 2023 that...

Samuel Bjelac Returns to Carrington Mortgage Services as SVP, National Sales, TPO 

Non-QM industry veteran Samuel Bjelac has returned to Carrington Mortgage Services as SVP, national sales, TPO (third-party origination). Bjelac is a respected, well-seasoned leader, with...

Mortgage Capital Markets Technology Provider Polly Hires Troy Coggiola as COO

Troy Coggiola has joined Polly, a provider of mortgage capital markets technology, as chief operating officer (COO). Coggiola has more than 25 years of mortgage...

ACES Reports Record Growth in 2023 Despite Challenging Market Conditions

Mortgage QC software provider ACES Quality Management (ACES) reports that despite challenging market conditions, the company maintained a record growth during the last few...

MCT: Rate Lock Volume Fell in December Despite Lower Rates

Mortgage rate lock volume decreased 13.71% in December compared with November, according to Mortgage Capital Trading Inc. The decrease comes despite a recent drop in...

Drop in Rates Caused Rate/Term Refi Volume to Surge in December

Refinance volume increased 43% in December compared with November due largely to a material uptick in VA Interest Rate Reduction Refinance Loans (IRRRLs) that...

MIAC Analytics Offering $964.57 Million Mortgage Servicing Rights Portfolio

MIAC Analytics is handling the sale of an agency and government mortgage servicing rights portfolio valued at around $964.57 million. The portfolio of Fannie Mae,...

Enterprise Community Partners Names Downes President of Housing Credit Investments Business

Kari Downes has been named president of Enterprise Community Partners’ housing credit investments business, among the nation’s top low-income housing tax credit syndicators.  Downes, who...

Consolidation Results in Mortgage Credit Availability Falling to Lowest Level Since 2012

Mortgage credit availability decreased in December, falling 4.6% compared with November to a score of 92.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...

MCT: Rate Lock Volume Dropped 10.7 Percent in November

Mortgage rate lock volume fell 10.7% in November compared with October, despite lower mortgage rates, according to Mortgage Capital Trading’s (MCT) monthly Lock Volume...

Optimal Blue: Rate Lock Volume Fell in November Despite Improving Rate Environment

Despite the improving rate environment, mortgage rate lock volume dropped 10% in November, with purchase locks falling 12%, cash-out refis remaining flat and rate/term...

Rice Park Capital Forms New Advisory Board for Strategic Equity Investing

Rice Park Capital Management, a private investment firm, has formed an advisory board for its strategic equity investing strategy to help with market insight...

First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets

Jeff Pancer has been tapped to fill the new position of executive vice president, capital markets, at First Community Mortgage (FCM). With a distinguished career...

FHFA Sets New Loan Limits For 2024

Come January 1, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and...

Optimal Blue: Mortgage Rate Lock Volume Was Flat in October

Rate lock volume in October was flat compared with September; however, when adjusting for the extra business day, volume was down 4%, according to...

Cloudvirga Completes Final Certification for Full Integration with Optimal Blue

Cloudvirga, a provider of digital mortgage point-of-sale platforms, reports that it has completed final certification for full API integration with the Optimal Blue product,...

Fannie Mae Sells Pool of NPLs to RCAF Loan Acquisition

RCAF Loan Acquisition, LP is the winning bidder on a pool of non-performing loans recently auctioned by Fannie Mae, including 1,473 loans totaling $208.8...

FOMC Opts to Keep Fed Funds Rate Flat For Now

Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...