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...
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,...
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 January
Mortgage lock volume increased 13.96% in January compared with December, 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...