Ginnie Mae Appoints Joseph Gormley as EVP and COO
Joseph M. Gormley is the new executive vice president (EVP) and chief operating officer (COO) at Ginnie Mae.
Gormley has extensive experience in housing policy...
More Than 100 Fannie Mae Employees Fired for ‘Unethical Conduct,’ Some Accused of Fraud
More than 100 employees have been fired for unethical conduct at government-sponsored enterprise Fannie Mae over the past few weeks, some of them accused...
OptimalBlue: Mortgage Lock Volume Increased 24 Percent in March
A 52% surge in rate-and-term refi locks during March drove a 24% overall increase in mortgage lock volume as early spring buyers returned to...
Cotality to Offer Optimal Blue’s Direct-Source Origination Data
Optimal Blue reports that it has formed a strategic alliance with Cotality - formerly known as CoreLogic - under which Cotality will offer Optimal Blue’s...
FHFA Director Pulte Rescinds Series of Biden-Era Orders, But Won’t Change Conforming Loan Limits
Bill Pulte, director of the Federal Housing Finance Agency (FHFA), on Tuesday rescinded a series of advisory bulletins and directives implemented by the Biden...
Fed Holds Rates Steady For Now
Citing that the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid, the Federal Open Market...
William Pulte Confirmed as the New Director of FHFA
William Pulte has been confirmed as the new director of the Federal Housing Finance Agency, regulator of government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
MCT Integrates With Fannie Mae Loan Pricing API
Mortgage Capital Trading (MCT) is now integrated with Fannie Mae's new Loan Pricing API.
By combining various price factors and utilizing a broader set of...
MCT: Mortgage Lock Volume Increased 28 Percent Heading into Spring Season
Mortgage Capital Trading reports that it witnessed a 28% increase in mortgage lock volume across its trading platform software in February compared with January.
In...
Vice Capital Markets Integrates Fannie Mae’s Loan Pricing API Into its Trading Portal
As liquidity challenges, shifting investor appetites and evolving pricing strategies continue to dominate mortgage capital markets, efficiency in loan pricing and execution has never...
OptimalBlue: Slightly Lower Mortgage Rates in February Yielded a Surge in Refinance Lock Volume
Mortgage lock volume increased 7% in February compared with January, driven primarily by a surge in refinance activity, according to Optimal Blue's Market Advantage...
Fannie Mae Selling Pool of 3,141 Reperforming Loans With UPB of About $559.8 Million
Fannie Mae is auctioning a pool of approximately 3,141 reperforming mortgage loans as part of its ongoing effort to reduce the size of its...
A&D Mortgage Securitizes Pool of 1,290 Loans
A&D Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), is has launched its latest securitization, a $458.93 million transaction backed by a...
MCT Introduces Generative AI Advisor for Mortgage Capital Markets
Mortgage Capital Trading (MCT) has released a new AI adviser for mortgage capital markets called Atlas.
Now available within the MCTlive! platform, Atlas serves as...
Optimal Blue: Refinance Activity Surged 20 Percent Year-Over-Year in January
Purchase lock volume increased 16% in January compared with December but was down 6% compared with January 2024, according to Optimal Blue’s latest Market...
MCT: Mortgage Lock Volume Was Basically Flat in January
Mortgage lock volume dipped 0.12% in January compared with December, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets technology.
Despite a drop...
Optimal Blue Introduces AI Assistant Designed for Mortgage Lending Executives
Secondary marketing software firm Optimal Blue has introduced a new AI assistant that uses conversational generative AI to provide easy-to-understand, interactive insights and graphical...
NAHB Urges Trump to Exempt Tariffs on Home Building Materials
The National Association of Home Builders is urging President Trump to exempt building materials from the proposed tariffs on Canada and Mexico because of...
Fannie Mae Multifamily Closed 2024 With More Than $55 Billion in Volume
Fannie Mae provided more than $55 billion in financing to support the U.S. multifamily market in 2024, the firm reports.
That includes more than $6.3...
Trump Administration Directs Federal Agencies to Lower the Cost of Housing
The Trump Administration on Monday issued a broad order to all federal agencies to develop and implement strategies that will “restore purchasing power to...