Mortgage Industry News

News: Mortgage Interest Rate Sensitivity Triggers 25% Spike in May Rate-and-Term Refinance Activity

Mortgage and Finance News: (PLANO, Texas) Optimal Blue today released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.

News: MCT Reports A 7% Mortgage Lock Volume Increase In Latest Indices Report

Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 6.78% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

News: Optimal Blue Names Joe Tyrrell Chief Executive Officer

Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent company, Constellation Software Inc. Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue.

News: CapitalW Collective: Educating, Elevating, and Empowering Women in Mortgage Capital Markets

Mortgage and Finance News: (SAN DIEGO, Calif.) CapitalW Collective (CapitalW), the glass shattering non-profit benefiting women and their allies in mortgage capital markets, today announced its successful debut within the mortgage industry. Officially launched on May 1, 2024, CapitalW made its first appearance at the Mortgage Bankers Association Secondary and Capital Markets Conference in New York May 19-21.

News: Argyle CEO Shmulik Fishman honored as a 2024 Tech All-Star by Mortgage Bankers Association

Mortgage and Finance News: (NEW YORK CITY, N.Y.) Argyle, a platform providing real-time income and employment verifications for some of the largest lenders in the United States, today announced its CEO Shmulik Fishman has been named a 2024 Tech All-Star by MBA NewsLink, a publication of the Mortgage Bankers Association (MBA). The award celebrates mortgage industry leaders who have made outstanding contributions to mortgage technology.

Finance Industry News

News: Klingenstein Fields Advisors Adds Senior Planner to its Team

Mortgage and Finance News: (NEW YORK, N.Y.) Klingenstein Fields Advisors (KF Advisors) is pleased to welcome Andrew Vrachimis as a Managing Director. Andrew will join the Wealth Planning team, helping individuals and multi-generational families grow and protect their wealth and accomplish their estate planning and charitable goals. With a practical approach to personalized wealth planning, Andrew will guide clients through the many critical decisions surrounding their complex balance sheets, cash flow needs, legacy and philanthropic goals, and other planning considerations.

News: Matrix Advises Land O’Sun Management on its Sale to Anabi/Rebel

Mortgage and Finance News: (RICHMOND, Va.) Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Land O'Sun Management Corporation d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development, LLC and its affiliates d/b/a Anabi/Rebel. Headquartered in Gainesville, Florida, Fast Track is a leading petroleum marketing, convenience retail and QSR company, operating 17 convenience stores, 10 co-located QSRs, and two stand-alone QSRs in Northern Florida.

News: Attorney Bryan Greenberg Speaks On Litigation Strategies At Florida Workers’ Advocates Conference

Mortgage and Finance News: (ORLANDO, Fla.) Board Certified Workers' Compensation Attorney Bryan Greenberg of All Injuries Law Firm has given a presentation on litigation strategies during the Florida Workers' Advocates 34th Annual Educational Conference. Titled "Case Law Deep Dive Strategy," Mr. Greenberg lectured attendees on advanced litigation strategies to effectively represent injured workers.

News: Avenu Insights & Analytics Unveils Groundbreaking Short-Term Rental Compliance Solution: Avenu | STR

Mortgage and Finance News: (CENTREVILLE, Va.) Avenu Insights & Analytics, a leading provider of revenue recovery and software solutions for state and local governments, proudly announces the launch of Avenu | STR, an innovative SaaS solution designed to streamline short-term rental (STR) compliance and enhance local government revenue management.

News: Garden Studios Bills Tenants and Identifies Energy Waste with EnergyCAP

Mortgage and Finance News: (STATE COLLEGE, Pa.) Garden Studios, an innovative film studio based in London, has transformed its utility management and billing processes by implementing EnergyCAP's leading energy management platform. This move aligns with Garden Studio's commitment to sustainability as a certified B Corporation, dedicated to responsible business practices.