ACES Reports Record Growth in 2023 Despite Challenging Market Conditions
Mortgage QC software provider ACES Quality Management (ACES) reports that despite challenging market conditions, the company maintained a record growth during the last few...
MCT: Rate Lock Volume Fell in December Despite Lower Rates
Mortgage rate lock volume decreased 13.71% in December compared with November, according to Mortgage Capital Trading Inc.
The decrease comes despite a recent drop in...
Drop in Rates Caused Rate/Term Refi Volume to Surge in December
Refinance volume increased 43% in December compared with November due largely to a material uptick in VA Interest Rate Reduction Refinance Loans (IRRRLs) that...
MIAC Analytics Offering $964.57 Million Mortgage Servicing Rights Portfolio
MIAC Analytics is handling the sale of an agency and government mortgage servicing rights portfolio valued at around $964.57 million.
The portfolio of Fannie Mae,...
Enterprise Community Partners Names Downes President of Housing Credit Investments Business
Kari Downes has been named president of Enterprise Community Partners’ housing credit investments business, among the nation’s top low-income housing tax credit syndicators.
Downes, who...
Consolidation Results in Mortgage Credit Availability Falling to Lowest Level Since 2012
Mortgage credit availability decreased in December, falling 4.6% compared with November to a score of 92.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
MCT: Rate Lock Volume Dropped 10.7 Percent in November
Mortgage rate lock volume fell 10.7% in November compared with October, despite lower mortgage rates, according to Mortgage Capital Trading’s (MCT) monthly Lock Volume...
Optimal Blue: Rate Lock Volume Fell in November Despite Improving Rate Environment
Despite the improving rate environment, mortgage rate lock volume dropped 10% in November, with purchase locks falling 12%, cash-out refis remaining flat and rate/term...
Rice Park Capital Forms New Advisory Board for Strategic Equity Investing
Rice Park Capital Management, a private investment firm, has formed an advisory board for its strategic equity investing strategy to help with market insight...
First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets
Jeff Pancer has been tapped to fill the new position of executive vice president, capital markets, at First Community Mortgage (FCM).
With a distinguished career...
FHFA Sets New Loan Limits For 2024
Come January 1, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and...
Optimal Blue: Mortgage Rate Lock Volume Was Flat in October
Rate lock volume in October was flat compared with September; however, when adjusting for the extra business day, volume was down 4%, according to...
Cloudvirga Completes Final Certification for Full Integration with Optimal Blue
Cloudvirga, a provider of digital mortgage point-of-sale platforms, reports that it has completed final certification for full API integration with the Optimal Blue product,...
Fannie Mae Sells Pool of NPLs to RCAF Loan Acquisition
RCAF Loan Acquisition, LP is the winning bidder on a pool of non-performing loans recently auctioned by Fannie Mae, including 1,473 loans totaling $208.8...
FOMC Opts to Keep Fed Funds Rate Flat For Now
Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...
Agile Adds HilltopSecurities to its Broker-Dealer Network
HilltopSecurities, a full-service investment bank and wealth advisory firm, has joined Agile’s broker-dealer network.
Agile clients already approved with HilltopSecurities will automatically see the firm...
FHFA Takes Further Steps to Reduce Loan Repurchase Requests
The Federal Housing Finance Agency (FHFA) is taking further action to reduce repurchase requests from Fannie Mae and Freddie Mac, which spiked in 2022...
Mortgage Industry Veteran Steve Thomas Launches New Correspondent Lender, FutureWave
Steve Thomas, former senior managing director, mortgage capital markets, for the Federal Home Loan Bank of Chicago, has launched FutureWave, a new minority-owned national...
BSI Financial Services Selected as Backup Asset Manager for First Rated Securitization of HEAs
Mortgage servicer BSI Financial Services has been selected by Unlock Technologies as the backup asset manager for the recently closed Unlock HEA Trust 2023-1...
Optimal Blue: Mortgage Rate Lock Volume Plummeted 20 Percent in September
Headwinds from a seasonal decline in purchase activity and rising interest rates led to a 20% decline in rate lock volumes in September compared...