ACES Announces Two Key Promotions in Compliance
Amanda Phillips has been named general counsel and executive vice president of compliance for ACES Quality Management, while Savannah Prout has been elevated to...
Pulte Directs GSEs to Consider Crypto as an Asset for Mortgage, But What Are...
Bill Pulte, director of the Federal Housing Finance Agency, recently announced on X that he has ordered government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
Rithm Capital Closes $504 Million Non-QM Loan Securitization
Rithm Capital Corp. recently closed a $504 million securitization backed by a pool of non-qualified residential mortgage (non-QM) loans serviced by Rithm’s subsidiary, Newrez.
The...
Optimal Blue: Total Mortgage Lock Volume Fell 5.87 Percent in May
Total mortgage rate lock volume decreased 5.87% in May compared with April, as mortgage rates remained stubbornly high, according to Optimal Blue’s Market Advantage...
Planet Financial Group Closes $125 Million Senior Unsecured Notes Add-On Deal
Planet Financial Group reports that it has successfully closed an offering of $125 million add-on to its existing $475 million 10.5% senior unsecured notes...
New Lead Generation Tool Launched by Optimal Blue
Optimal Blue has launched a new lead generation tool that helps originators efficiently track and identify refinance opportunities so they can reengage borrowers with...
Optimal Blue’s AI-Powered Assistant, Ask Obi, Now Generally Available
Secondary marketing software firm Optimal Blue reports that its AI assistant, Ask Obi, is now generally available to all product & pricing engine (PPE)...
Rocktop Technologies Acquiring Incenter Capital Advisors
In a move that will expand its MSR market reach and deepen its data-driven capital markets capabilities, Rocktop Technologies, a technology and AI-enabled solutions-as-a-service...
A&D Mortgage Closes Second Major Non-QM Securitization This Year
A&D Mortgage has completed its second major non-QM securitization of the year - a $426.67 million transaction backed by 1,136 loans originated by the...
ACES: Rate of Critical Defects in Mortgage Loans Hit Near-Record Low in Q4 2024
The rate of critical defects in mortgage loans post-closing was about 1.16% as of the end of the fourth quarter, reflecting a 23.18% decrease...
Mortgage Technology Firm Novaprime Adds David Nielsen as CRO
David Nielsen has joined mortgage technology company Novaprime as chief revenue officer.
Nielsen has 20 years of sales experience at leading mortgage companies. He joins...
Optimal Blue: Purchase Lock Volume Increased in April, as Refi Activity Fell Off
Total mortgage lock volume increased 3.2% in April compared with March, driven mainly by an uptick in FHA loans, according to Optimal Blue's April...
Optimal Blue Announces General Availability of New AI Assistant
Optimal Blue has announced general availability of Originator Assistant, a new addition to the Optimal Blue PPE that uses generative AI to eliminate human...
MIAC Analytics Facilitating Sale of MSR Portfolio With Estimated UPB of $5.16 Billion
MIAC Analytics is handling the sale of a Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights (MSR) portfolio with unpaid principle balance...
Lisa Pendergast: Tariff Uncertainty Unnerves CRE Finance Market
While the issuance of securities backed by commercial property debt got off to a strong start in the first quarter of this year, uncertainty...
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...