Give A Hand Announces Relief Effort for Victims of 2024 Kenya Floods
FRESNO, Calif., Oct. 8, 2024 (SEND2PRESS NEWSWIRE) -- In the wake of destructive flooding in Kenya and parts of Tanzania, East Africa this spring, nonprofit organization Give A Hand has issued a call for an intensive relief effort to aid impacted families. Give A Hand executives said that while a minimal amount of aid is trickling through, hundreds of thousands of flood victims remain in need.
MCT Expands MSR Valuation Options with AD&Co Prepayment Model
SAN DIEGO, Calif., Oct. 8, 2024 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the integration of the LoanDynamics Model (LDM) from Andrew Davidson & Co. (AD&Co) into their mortgage servicing rights (MSR) valuation software. LDM is a well-respected prepayment model for residential mortgages that will complement MCT's proprietary prepayment model in MSRlive!
NJ Coalition Fights Destructive Impact of Atlantic Shores Offshore Wind South Project
BEACH HAVEN, N.J., Oct. 8, 2024 (SEND2PRESS NEWSWIRE) -- Save Long Beach Island (Save LBI), a New Jersey citizens group working to protect the ocean and local shore communities from the destructive impact of the Atlantic Shores Offshore Wind South project, has notified federal agencies of its intent to sue Atlantic Shores under the Endangered Species Act and Outer Continental Shelf Act (OCSLA).
Informative Research Adds Consumer-Permissioned Verification of Employment/Income via AccountChek to its Verification Platform
GARDEN GROVE, Calif., Oct. 8, 2024 (SEND2PRESS NEWSWIRE) -- Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, announced the addition of AccountChek to the list of integrated verification providers available within the IR Verification Platform. This latest enhancement empowers lenders to optimize their verification processes using IR's Verification Waterfall, offering a more cost-effective and efficient alternative to traditional verification of employment/income (VOE/I) methods.
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.
