Optimal Blue, Plano, Texas, released its March 2024 Originations Market Monitor report, finding that the average homebuyer credit score–at 737–is the highest since the firm began tracking the data in 2018.
Tag: Optimal Blue
Industry Briefs, April 12, 2024
Industry news from MIAC Analytics, Power Forward Communities, Vesta, Optimal Blue and Merchants Bank.
Optimal Blue’s Melissa Leidy: Discretion or Discrimination? Lenders Face Tight Scrutiny on Pricing Concessions
A 2015 survey by Garrett, McAuley found that roughly half of respondents were monitoring fair lending compliance of their pricing concessions as expected by regulators. While the mortgage market has shifted since 2015, challenges in navigating the waters of pricing concessions and fair lending persist and could present more risk than you think.
People in the News, April 1, 2024
Industry personnel news from Freddie Mac, Optimal Blue, AmeriHome Mortgage and Planet Home Lending.
Industry Briefs, March 25, 2024
Industry news from Clearwater Analytics, Floify, Built, Seroka Marketing, Optimal Blue, Cornerstone Servicing, Bizzy Labs, Verus Mortgage Capital and NotaryCam.
Optimal Blue: Spring Homebuying Season Kicks Off With Increase in Origination Activity
Optimal Blue, Plano, Texas, released its February 2024 Originations Market Monitor report, finding an increase in monthly purchase mortgage locks. That propelled a net increase in origination activity despite the interest rate environment.
Optimal Blue: Lock Volume Rises 36% Month-Over-Month in January
Optimal Blue, Plano, Texas, said mortgage lock volume rose 36% month-over-month in January as rates eased.
Industry Briefs, Jan. 24, 2024
Industry news from Dark Matter, NRL Mortgage, Calque, Optimal Blue, Ncontracts, BluePoint Mortgage, OptifiNow and Ginnie Mae.
Industry Briefs, Jan. 23, 2024
Industry news from Dark Matter, NRL Mortgage, Calque, Optimal Blue, Ncontracts, BluePoint Mortgage, OptifiNow and Ginnie Mae.
Optimal Blue: December Brought Significant Growth in Rate/Term Refinance Volume
Interest rate drops in late 2023 spurred big changes, including a 43% increase in rate/term refinance volume between November and December, according to Optimal Blue, Plano, Texas.