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Vice Capital Markets Integrates Fannie Mae Mission Score API Into Trading Portal

Mortgage hedge advisory firm Vice Capital Markets has integrated the Fannie Mae’s Mission Score application programming interface (API) into its trading portal, allowing current...

Purchase Lock Volume Fell Again in June

Mortgage purchase locks fell 1% month-over-month and 8% year-over-year in June, according to Optimal Blue. That’s following a 4% year-over-year drop in purchase locks in...

Fannie Mae Transfers Risk on $8.2 Billion of Single-Family Loans

Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans. The Credit Insurance Risk Transfer (CIRT)...

MCT: Mortgage Lock Volume Dropped Nearly 8 Percent in June

Mortgage lock volume decreased 7.84% in June compared with May, according to Mortgage Capital Trading, Inc. The decline follows a brief uptick in volume at...

FHFA, CFPB Update Loan Level Data For Public Use

The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...

Housing Policy Council Taps Michael Drayne as SVP of Capital Markets

Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...

MCT Adds New Integrations with Fannie Mae Mission Score API

Mortgage Capital Trading (MCT) has launched new integrations with Fannie Mae's Mission Score application programming interface (API) and Mission Score 2 and 3 product...

Optimal Blue Helps Lenders Optimize Margins with Competitive Loan Pricing Data

Optimal Blue has introduced Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more...

The Amherst Group Taps Paul Nicholson as Deputy Chief Investment Officer

Paul Nicholson has joined The Amherst Group, a real estate investment, development and operating platform specializing in residential assets, as deputy chief investment officer. Nicholson...

FHFA Grants Conditional Approval for Freddie Mac to Purchase Second Mortgages

The Federal Housing Finance Agency (FHFA) has granted conditional approval for Freddie Mac to purchase certain single-family closed-end second mortgages as a pilot program. This...

MCT MSR Valuation Grids Now Integrated With Lender Price PPE

Mortgage Capital Trading (MCT) and Lender Price have partnered to provide mortgage lenders using the Lender Price product and pricing engine (PPE) with loan-level...

Fed Holds Rates Flat Confirming its ‘Higher-For-Longer’ Position

Citing that jobs gains have remained strong, the unemployment rate has remained low and inflation remains high, the Federal Open Market Committee voted Wednesday...

Rate-and-Term Refinance Activity Spiked 25.6 Percent in May

Rate-and-term refinance activity spiked 25.6% in May compared with April, as borrowers reacted to a dip in rates, according to Optimal Blue’s Market Advantage...

Guaranteed Rate Re-Enters Securitization Market with Prime Jumbo RMBS Deal

Guaranteed Rate is launching its first residential mortgage-backed securities (RMBS) deal of 2024, making it the first 100% retail non-bank lender to re-enter the...

FHFA Seeks Public Input on the GSEs’ Underserved Markets Plans

The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac...

Optimal Blue Names Joe Tyrrell CEO

Joe Tyrrell is the new CEO of Optimal Blue, a provider of secondary marketing software. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent...

Mortgage Rate Lock Volume Increased 6.78 Percent in May

Mortgage rate lock volume increased 6.78% in May compared with April, according to Mortgage Capital Trading Inc. (MCT), which offers mortgage capital markets technology. As...

Starwood Capital Group Hires Matt Smith as a Managing Director

Matt Smith has joined Starwood Capital Group, a global private investment firm with a primary focus on real estate, as managing director, head of...

New York Community Bancorp Appoints Joseph M. Otting Chairman

Joseph M. Otting has been appointed to the additional role of executive chairman of the board of New York Community Bancorp, parent company of...

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...