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...
Optimal Blue Taps Sara Holtz as Chief Marketing Officer
Mortgage industry veteran Sara Holtz has joined secondary marketing software firm Optimal Blue as chief marketing officer.
As a seasoned marketing and communications leader, Holtz...
Optimal Blue: Lock Volume Increased 5 Percent in February, Driven by Surge in Purchase...
Mortgage lock volume increased 5% in February compared with January due to an 8.3% increase in purchase activity during the month, according to Optimal...
MCT: Despite Rising Rates Mortgage Lock Volume Increased 20.9 Percent in February
Mortgage lock volume increased 20.9% in February compared with January as buyer sentiment turned more positive, according to advisory firm Mortgage Capital Trading.
However, it’s...
RegCheck Now Delivers Enhanced TRID Capabilities
Asurity Technologies’ RegCheck compliance solution now delivers enhanced TILA-RESPA Integrated Disclosure (TRID) capabilities.
The Consumer Financial Protection Bureau's TRID rules reshaped the mortgage lending landscape,...
Optimal Blue: Mortgage Lock Volume Rose in January on Lower Rates
Mortgage lock volume increased 36% in January compared with December, in response to lower mortgage rates, according to the Optimal Blue Originations Market Monitor.
"The...
Freddie Mac Announces Two New VPs of Seller Engagement
Eric Wilson and Jonathan Kunkle have each been named vice president of seller engagement for Freddie Mac’s single-family division.
Wilson, who will handle the East...
MCT: Mortgage Lock Volume Increased 14 Percent in January
Mortgage lock volume increased 13.96% in January compared with December, according to Mortgage Capital Trading (MCT).
It was the first time since June 2023 that...
Samuel Bjelac Returns to Carrington Mortgage Services as SVP, National Sales, TPO
Non-QM industry veteran Samuel Bjelac has returned to Carrington Mortgage Services as SVP, national sales, TPO (third-party origination).
Bjelac is a respected, well-seasoned leader, with...
Mortgage Capital Markets Technology Provider Polly Hires Troy Coggiola as COO
Troy Coggiola has joined Polly, a provider of mortgage capital markets technology, as chief operating officer (COO).
Coggiola has more than 25 years of mortgage...
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...