Tag: PLANO, Texas
Optimal Blue’s December 2024 Market Advantage report highlights annual mortgage production gains and record low conforming loan share
PLANO, Texas /Massachusetts Newswire: -- Optimal Blue today released its December 2024 Market Advantage mortgage data report, showcasing year-over-year (YoY) growth in mortgage activity, even as seasonal trends led to a month-over-month (MoM) decline in rate lock volumes. Overall, December mortgage lock volume was up 26% YoY, driven by an 18% increase in purchase locks, a 43% rise in cash-out refinances, and an 82% jump in rate-and-term refinances.
Driving Soccer Forward in 2025 New Mexico Youth Soccer Association Renews Longstanding Partnership with Sports Connect
PLANO, Texas /Massachusetts Newswire: -- New Mexico Youth Soccer Association (NMYSA), the governing body for US Youth Soccer in New Mexico, is proud to announce an extended multi-year partnership with Sports Connect powered by Stack Sports. As the Exclusive Technology, Online Registration, and League Management Provider, Sports Connect will continue delivering innovative solutions for NMYSA, affiliated clubs, and leagues, empowering administrators, coaches, families, and players to thrive on and off the field.
To Drive the Sport of Flag Football Forward, Stack Sports and Gridiron Football ‘Team Up’
PLANO, Texas /Massachusetts Newswire: -- Stack Sports, the leading provider of sports management solutions, is excited to announce its renewed partnership with Gridiron Football, a national leader in youth non-contact football. As part of our partnership, Sports Connect will continue to serve as a preferred registration and website provider of Gridiron Football leagues across the United States.
Optimal Blue’s November 2024 Market Advantage mortgage data report finds overall rate lock volume down 25% month over month
PLANO, Texas /Massachusetts Newswire: -- Optimal Blue today released its November 2024 Market Advantage mortgage data report, highlighting a 25% decrease in month-over-month (MoM) lock volume as interest rates hit their highest levels since early July, creating headwinds for affordability.
Optimal Blue Announces Tony Hawk, Housing Industry Leaders to Headline Inaugural User Conference 2025
PLANO, Texas /Massachusetts Newswire: -- Optimal Blue today announced the speaker lineup for its inaugural user conference, the Optimal Blue Summit 2025. Legendary skateboarder and entrepreneur Tony Hawk will headline the event. The conference will also feature sessions led by Mortgage Bankers Association (MBA) Chief Economist and Senior Vice President of Research and Business Development Michael Fratantoni, Ph.D., MBA Associate Vice President of Secondary and Capital Markets Sasha Hewlett, AMP, HousingWire Editor in Chief Sarah Wheeler, and representatives from Microsoft.
October Mortgage Lock Data Shows Cracks in the Mortgage Market as Interest Rates Tick up 65 Basis Points
PLANO, Texas /Massachusetts Newswire: -- Optimal Blue today released its October 2024 Market Advantage mortgage data report, highlighting resilient purchase activity in the face of rising interest rates and affordability challenges. Despite a 65-basis-point (bps) increase in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, purchase lock volume grew by 12% month over month (MoM), signaling strong demand among homebuyers.
Erin Wester and Mike Vough Promoted to New Executive Roles at Optimal Blue
PLANO, Texas /Massachusetts Newswire: -- Optimal Blue today announced two key executive promotions that will position the company to deliver innovation faster across the company's entire capital markets platform, and to further expand the company's network of partners. Erin Wester has been promoted to chief product officer and Mike Vough has been promoted to head of corporate strategy.
Optimal Blue Announces Three Major Product Releases, Continuing Streak of Product Innovation and New No-Cost Features | US National News
PLANO, Texas /Massachusetts Newswire: -- Optimal Blue today announced three major product releases: the expansion of its AI assistant suite, the introduction of Scenario Optimizer, and the free availability of Investor Pricing Insight to investor clients. These product updates build on the company's commitment to rapidly delivering high-impact solutions that tackle real-world challenges while helping clients maximize profitability.
Rate-and-Term Refinance Locks Surge 700% Over Previous Year Following the FOMC’s September Interest Rate Reduction
PLANO, Texas, Oct. 8, 2024 (SEND2PRESS NEWSWIRE) -- 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.
Optimal Blue Expands Expertise, Market Leadership With Launch of Two In-House Podcasts
PLANO, Texas, Oct. 1, 2024 (SEND2PRESS NEWSWIRE) -- 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.
Pavaso’s Vice President of Partner Strategies and Government Affairs Elected to Co-Chair MISMO Workgroup
PLANO, Texas, Feb. 25, 2016 (SEND2PRESS NEWSWIRE) -- Nancy G. Pratt, vice president of Partner Strategies and Government Affairs at real estate technology company Pavaso, was elected to serve as co-chair of the Mortgage Industry Standards Maintenance Organization (MISMO) eMortgage Workgroup at the organization's Winter Summit in January.