Finance
Housing Finance Strategies Announces ZillowHousing24
WASHINGTON, D.C. — Housing Finance Strategies Founder & CEO Faith Schwartz today announced ZillowHousing24 (tag: #ZillowHousing24), a virtual housing event broadcast in partnership with Zillow Home Loans and presented by Housing Finance Strategies on December 3, 2024….
MCT Expands MSR Valuation Options with AD&Co Prepayment Model
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the integration of the LoanDynamics Model (LDM) from Andrew Davidson & Co. (AD&Co) into their mortgage servicing rights (MSR) valuation software. LDM is a well-respected prepayment model for residential mortgages that will complement MCT’s proprietary prepayment model in MSRlive!…
Informative Research Adds Consumer-Permissioned Verification of Employment/Income via AccountChek to its Verification Platform
GARDEN GROVE, Calif — Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, announced the addition of AccountChek to the list of integrated verification providers available within the IR Verification Platform. This latest enhancement empowers lenders to optimize their verification processes using IR’s Verification Waterfall, offering a more cost-effective and efficient alternative to traditional verification of employment/income (VOE/I) methods….
Rate-and-Term Refinance Locks Surge 700% Over Previous Year Following the FOMC’s September Interest Rate Reduction
PLANO, Texas — Optimal Blue today released its September 2024 Market Advantage mortgage data report, which found a 50% month-over-month (MoM) increase in rate-and-term refinance activity as people who purchased homes in recent years jumped at the opportunity to lower their interest rates and mortgage payments. While the Federal Open Market Committee (FOMC) lowered its target federal funds rate by 50 bps on Sept. 18, the market had already priced in a portion of the rate reduction, leading to a full month of increased refinance activity in September….
JPMorgan Chase Awards $25,000 Grant to Black Chamber of Arizona to Boost Entrepreneurial Growth and Economic Empowerment
PHOENIX, Ariz. — The Black Chamber of Arizona (BCAZ) is excited to announce that it has received a $25,000 seed funding grant from JPMorganChase. This generous contribution will fuel the Chamber’s mission to strengthen Black businesses and produce new economic buying power throughout Arizona. The funds will support key programs aimed at empowering Black entrepreneurs, providing pathways to financial growth, and fostering greater economic inclusion….
MCT Reports 3% Increase in Mortgage Lock Volume, Refinance Activity Buoys Market
SAN DIEGO, Calif. — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.17% increase in mortgage lock volume compared to the previous month. The report highlights key market dynamics, offering industry professionals valuable insights. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics….
Optimal Blue Expands Expertise, Market Leadership With Launch of Two In-House Podcasts
PLANO, Texas — Optimal Blue announced the release of two in-house podcasts that extend the reach of the company’s capital markets experience and expertise built over its decades as the technology leader in its space. The Optimal Insights podcast and video, which will be released weekly, will provide timely analyses of market factors impacting loan originators and capital markets professionals….
Brimma Tech Unveils Advanced AUS Sandbox Solution for Enhanced Mortgage Underwriting
WAKE FOREST, N.C. — Brimma Tech, a pioneering software development company specializing in AI-driven solutions for the mortgage industry, proudly announces the latest release of its Vallia AUS Sandbox. This innovative tool is designed to streamline the mortgage underwriting process, offering simultaneous risk and eligibility assessment capabilities with both Fannie Mae’s Desktop Underwriter® (DU®) and Freddie Mac’s Loan Product Advisor® (LPA℠)….
iEmergent revises 2024-2026 U.S. Mortgage Origination Forecast downward
DES MOINES, Iowa — iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced downward revision of its 2024-2026 U.S. Mortgage Origination Forecast. Updated to reflect ongoing economic conditions, iEmergent now expects lower-than-anticipated growth for the next two years, particularly in the purchase mortgage market, while refinance volumes are projected to rise due to a gradual decline in mortgage interest rates….
M2 Lending Solutions Taps LenderLogix to Provide Automated, Digital-First Borrower Experience
BUFFALO, N.Y. — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, recently announced the addition of M2 Lending to its roster of clients utilizing LiteSpeed, QuickQual and Milestone Text Updates….