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PIMCO is Winning Bidder on Three Pools of Reperforming Loans Auctioned by Fannie Mae

Pacific Investment Management Company LLC (PIMCO) is the winning bidder on three pools of reperforming mortgage loans recently auctioned by Fannie Mae. Reperforming loans are...

FHFA Announces New CIO, CFO

Luis Campudoni has been named chief information officer for the Federal Housing Finance Agency (FHFA) while Mary Peterman has been named chief financial officer. Campudoni...

Mortgage Rate Lock Volume Increased 8.7 Percent in April

Mortgage rate lock volume increased 8.7% in April compared with March and was up 5% compared with April 2022, according to Optimal Blue’s Originations...

MCT Base Rate Generator Lets Lenders Share Better Rate Sheets with Their LOs

Mortgage Capital Trading (MCT) has introduced Base Rate Generator, a new solution that allows mortgage lenders to directly inform their front-end rate sheet pricing...

ACES Announces Partnership with Document Processing Firm Infrrd

ACES Quality Management is partnering with Infrrd to provide AI-powered intelligent mortgage document processing to clients. When used in conjunction with ACES Quality Management &...

MCT: Mortgage Lock Volume Increased 2 Percent in April Despite Rising Rates

Mortgage lock volume increased 1.87% in April compared with March, according to Mortgage Capital Trading, which offers mortgage capital markets technology. Amidst an environment of...

Agile Launches Electronic Bidding for the Fourth Month in TBA MBS Market

In a move that marks a significant leap forward in the trading landscape of off-screen securities, Agile, which brings mortgage lenders and broker-dealers onto...

Angel Oak Announces Fourth Securitization for the Year

Angel Oak Capital recently announced its fourth securitization of 2024, bringing its total issuance for the year to approximately $1.4 billion. The four securitizations have...

Alanna McCargo Stepping Down as Ginnie Mae President 

Alanna McCargo has resigned from her post as president of Ginnie Mae, effective May 3. Sam Valverde, principal executive vice president, will serve as acting...
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Ginnie Mae Now Includes Pool Level Data in HMBS Program

Ginnie Mae has further expanded its low-to-moderate income (LMI) disclosure initiative to include pool-level data for its home equity conversion mortgage (HECM) mortgage-backed securities...

FHFA Names Tracy Stephan Chief Artificial Intelligence Officer

Tracy Stephan has been named chief artificial intelligence officer (CAIO) of the Federal Housing Finance Agency (FHFA). Stephan will continue in her role leading the...

Optimal Blue Promotes Rick Allen to Chief Operating Officer

Rick Allen has been promoted to chief operating officer (COO) at Optimal Blue, a provider a secondary marketing software. Allen most recently served as chief...

MCT: Mortgage Rate Lock Volume Increased 15 Percent Heading Into Home Buying Season

Mortgage rate lock volume increased 15.36% during March, according to Mortgage Capital Trading (MCT), a provider of mortgage capital markets technology. The increase comes despite...

Optimal Blue: Average Homebuyer Credit Score Hit 737 in March

The average homebuyer credit score reached 737 in March, according to Optimal Blue's Originations Market Monitor report. That’s an all-time high for the report, which...

ACES: Mortgage Defect Rate Continued to Fall in Q3

The rate of defects in mortgages post-closing fell to 1.67% in the third quarter of 2023, according to ACES’ Q3 2023 Mortgage QC Trends...

Freddie Mac Appoints Michael T. Hutchins as Interim CEO

Michael T. Hutchins will serve as the interim CEO for Freddie Mac as the company continues its search for a permanent CEO.  Hutchins also will...

Optimal Blue Taps Sara Holtz as Chief Marketing Officer

Mortgage industry veteran Sara Holtz has joined secondary marketing software firm Optimal Blue as chief marketing officer. As a seasoned marketing and communications leader, Holtz...

Optimal Blue: Lock Volume Increased 5 Percent in February, Driven by Surge in Purchase...

Mortgage lock volume increased 5% in February compared with January due to an 8.3% increase in purchase activity during the month, according to Optimal...

MCT: Despite Rising Rates Mortgage Lock Volume Increased 20.9 Percent in February

Mortgage lock volume increased 20.9% in February compared with January as buyer sentiment turned more positive, according to advisory firm Mortgage Capital Trading. However, it’s...

RegCheck Now Delivers Enhanced TRID Capabilities

Asurity Technologies’ RegCheck compliance solution now delivers enhanced TILA-RESPA Integrated Disclosure (TRID) capabilities. The Consumer Financial Protection Bureau's TRID rules reshaped the mortgage lending landscape,...