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...
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...