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Optimal Blue CEO Joe Tyrrell Joins MBA Board for 2027 Membership Year

Optimal Blue CEO Joe Tyrrell Joins MBA Board for 2027 Membership Year

by John G. Stevens | Oct 12, 2026 | Current News & Events, Industry Updates, Mortgage Information

Joe Tyrrell, chief executive of mortgage technology provider Optimal Blue, has joined the Mortgage Bankers Association’s board of directors for the association’s 2027 membership year. Optimal Blue announced the appointment October 11 and said Tyrrell was...
Cleveland Fed’s Hammack Backs Restrictive Rates as Inflation Pressures Persist

Cleveland Fed’s Hammack Backs Restrictive Rates as Inflation Pressures Persist

by John G. Stevens | Oct 12, 2026 | Current News & Events, Mortgage Information

Cleveland Federal Reserve President Beth Hammack said Monday that monetary policy needs to remain restrictive to bring inflation back to the central bank’s 2% target, arguing that smaller adjustments made relatively quickly may be preferable to waiting until larger...
Mizuho Cuts Fannie Mae, Freddie Mac Targets as Conservatorship Exit Hopes Fade

Mizuho Cuts Fannie Mae, Freddie Mac Targets as Conservatorship Exit Hopes Fade

by John G. Stevens | Oct 12, 2026 | Current News & Events, Industry Updates, Mortgage Information

Mizuho downgraded Fannie Mae and Freddie Mac on Monday, cutting its price targets roughly in half as the investment bank lowered its expectations that the two mortgage-finance companies will emerge from federal conservatorship by 2028.Analyst Dan Dolev and colleagues...
Pending Home Sales Hit Lowest Level Since 2014 as Contract Cancellations Surge

Pending Home Sales Hit Lowest Level Since 2014 as Contract Cancellations Surge

by John G. Stevens | Oct 12, 2026 | Current News & Events

U.S. pending home sales fell 4% in September from August, their steepest monthly decline in more than three years, according to new figures released Monday by Redfin. The brokerage said the number of homes going under contract was the lowest for any month since spring...
FirstClose and Cotality Target Seven-Day Home Equity Closings With Integrated Platform

FirstClose and Cotality Target Seven-Day Home Equity Closings With Integrated Platform

by John G. Stevens | Oct 12, 2026 | Mortgage Information

FirstClose and property-data company Cotality are expanding their home-equity lending partnership with an integrated platform that they say can support closings in as little as seven days. The companies announced the arrangement Monday, October 12, at a time when...
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