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...
Angel Oak Announces Fourth Securitization for the Year
Angel Oak Capital recently announced its fourth securitization of 2024, bringing its total issuance for the year to approximately $1.4 billion.
The four securitizations have...
Alanna McCargo Stepping Down as Ginnie Mae President
Alanna McCargo has resigned from her post as president of Ginnie Mae, effective May 3.
Sam Valverde, principal executive vice president, will serve as acting...
Ginnie Mae Now Includes Pool Level Data in HMBS Program
Ginnie Mae has further expanded its low-to-moderate income (LMI) disclosure initiative to include pool-level data for its home equity conversion mortgage (HECM) mortgage-backed securities...
FHFA Names Tracy Stephan Chief Artificial Intelligence Officer
Tracy Stephan has been named chief artificial intelligence officer (CAIO) of the Federal Housing Finance Agency (FHFA).
Stephan will continue in her role leading the...
Optimal Blue Promotes Rick Allen to Chief Operating Officer
Rick Allen has been promoted to chief operating officer (COO) at Optimal Blue, a provider a secondary marketing software.
Allen most recently served as chief...
MCT: Mortgage Rate Lock Volume Increased 15 Percent Heading Into Home Buying Season
Mortgage rate lock volume increased 15.36% during March, according to Mortgage Capital Trading (MCT), a provider of mortgage capital markets technology.
The increase comes despite...
Optimal Blue: Average Homebuyer Credit Score Hit 737 in March
The average homebuyer credit score reached 737 in March, according to Optimal Blue's Originations Market Monitor report.
That’s an all-time high for the report, which...
ACES: Mortgage Defect Rate Continued to Fall in Q3
The rate of defects in mortgages post-closing fell to 1.67% in the third quarter of 2023, according to ACES’ Q3 2023 Mortgage QC Trends...
Freddie Mac Appoints Michael T. Hutchins as Interim CEO
Michael T. Hutchins will serve as the interim CEO for Freddie Mac as the company continues its search for a permanent CEO.
Hutchins also will...