November mortgage lock data driven by strong refinance activity
November’s mortgage rate-lock activity slowed but posted the strongest results in four years, driven by a surge in refinances.
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Optimal Blue announces new CFO and CRO
Optimal Blue promotes Lanny Rogers III to chief financial officer and Jeremy Moreno to chief revenue officer, signaling strategic growth.
Optimal Blue comes out swinging on price-fixing lawsuit
Optimal Blue CEO Joe Tyrrell responds to a class action lawsuit alleging mortgage price-fixing, calling the claims baseless and absurd.
Optimal Blue: Rate-and-term refis soar 70% in August
Borrowers rushed to refinance in August as mortgage rates eased, pushing rate-and-term lock volume up 70% from July, according to Optimal Blue’s Mortgage Market Advantage report.
Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities
Key news this week includes comments on “AI fear,” Zillow Rentals adding conversational AI and Optimal Blue revealing a new refinance tool.
Conforming mortgage share hit record low in December
At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December.