CHLA Requests Ginnie Mae to Allow Loan-Level Pooling
Due to increasing concern that Ginnie Mae issuers cannot transfer loans within a pool to transact a full loan mortgage servicing right (MSR) sale,...
Snapdocs Report Shows E-Closing Technology is a Game Changer for Mortgage Lenders
E-closing technology is a game-changer for mortgage lenders in optimizing their secondary market strategies, a research report from Snapdocs shows.
The report, conducted in partnership...
Sam Valverde Steps Down as Acting President of Ginnie Mae, Gregory Keith to Assume...
Sam Valverde, acting president of Ginnie Mae, will step down effective November 30.
Valverde has served as acting president of Ginnie Mae since May. He...
MCT: Mortgage Lock Volume Increased 2.5 Percent in October
Despite market volatility, mortgage lock volume increased 2.5% in October compared with September, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets...
Optimal Blue Promotes Two Industry Experts to Executive Roles
Erin Wester has been promoted to chief product officer while Mike Vough has been promoted to head of corporate strategy at secondary marketing software...
Fannie Mae Closes Sale of 8,678 Reperforming Loans With $1.42B in UPB
Fannie Mae recently auctioned 8,678 reperforming mortgage loans with about $1.42 billion in unpaid principal balance (UPB), offered in three pools.
The winning bidder for...
A&D Mortgage Announces $390.6 Million Securitization of Non-QM Loans
Non-QM lender A&D Mortgage has issued its latest securitization, valued at $390.6 million.
The securitization is backed by a pool of 1,171 mostly newly originated...
GSEs Expand Eligibility for Appraisal Waivers on Purchase Loans, Among Other Policy Updates
The Federal Housing Finance Agency (FHFA) has announced updates to several Fannie Mae and Freddie Mac policies including expanding eligibility for appraisal waivers on...
Optimal Blue Adds New Features to its Platform
Optimal Blue has added an expanded AI assistant suite and a new Scenario Optimizer to its PPE, and has also announced free availability of...
MCT Adds Customized Spec Durations to MCTlive!
Mortgage Capital Trading says it has improved the functionality of its mortgage hedging software with customized spec durations.
Mortgage lenders using MCT’s capital markets platform...
Kiavi Announces Second Rated Securitization Transaction for the Year
Kiavi, a private lender to residential real estate investors, has closed its second rated securitization of residential transition loans this year.
This time, Kiavi closes...
Agile Launches Launches Limit Orders, a New Quote Request Type for the TBA Market
Agile, which offers technology that brings mortgage lenders and broker-dealers onto a single platform, has launched limit orders, a new quote request type for...
Fannie Mae Announces Winning Bidder on Pool of Non-Performing Mortgage Loans
VWH Capital Management, a minority and women-owned business, is the winning bidder on a pool of non-performing mortgage loans recently auctioned by Fannie Mae.
This...
Optimal Blue: Fed Rate Cut Led to a Surge of Rate-and-Term Refinance Activity
The Fed's recent rate cut drove a 50% month-over-month increase in rate-and-term refinance activity in September, according to OptimalBlue’s Market Advantage data report.
What’s more,...
LoanDepot Closes $300M Mortgage Notes Transaction
loanDepot recently closed a $300 million transaction through an offering of notes by Mello Warehouse Securitization Trust 2024-1, marking the lender’s tenth successful transaction...
Mortgage Lock Volume Increased 3 Percent in September, Driven by Refinance Activity
Mortgage lock volume increased 3.17% in September compared with August, driven mainly by a surge in refinance activity that resulted from the Fed’s rate...
iEmergent Downwardly Revises its Forecast After Weak Purchase Volume in 2024
Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two...
Rice Park Capital Closes Ventures Fund II, to Invest in Mortgage Technology Companies
Private investment firm Rice Park Capital Management reports that its strategic equity investing team has closed RPC Ventures Fund II LP.
The committed capital allows...
Optimal Blue Adding New AI-Driven Capabilities Across its Platform
Optimal Blue is adding new features to its platform including side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a...
Freddie Mac Taps Diana Reid as its Next CEO
Real estate and financial services industry veteran Diana Reid is the new CEO of Freddie Mac, effective immediately.
Reid also will serve as a member...