National Mortgage News

"It also simulates the most accurate potential FICO Score impacts resulting from simulated changes in credit report data," said the company's vice president and general manager of B2B scores, Julie May.

A new Scenario Optimizer in Optimal Blue’s product, pricing and eligibility engine is available for ICE Encompass users via Encompass Partner Connect.

“Looking ahead, we will continue to monitor the macro environment and are positioning our portfolio for further rate cuts. In the near term, that means continuing to deploy capital into agency RMBS,” Cherry Hill President and CEO Jay Lown said.

"For 2025, we expect the decline in rates to boost refinance origination volumes. This, coupled with expected increase in purchase originations due to a modest growth in home sales and home prices, should improve the mortgage market," Freddie Mac economists said.

"With this funding and the collaboration of our investment partners, we're confident we can establish [verification of title] as a standard verification service across all transactions," Flueid CEO Peter Bowman declared.

“With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently,” said Joel Kan, deputy chief economist at the Mortgage Bankers Association.

However, Pennymac Financial Services, in an earnings conference call last month, reported $1 billion in jumbo locks for the third quarter, compared to a paltry $22 million in the same period a year ago.

The Austin, Texas metro area added the most new homes in 2023, with 37.0 new housing units authorized per 1k existing homes. Read more about the large cities building the most and least new homes.

"Steve Mnuchin is using his private equity firm to suck the value out of NYCB and leave its customers — including low-income homeowners — hanging out to dry," Sen. Elizabeth Warren said.