Montgomery serves as Assistant Secretary for Housing and Commissioner of the Federal Housing Administration (FHA), a position that he held from 2005 to 2009 in George W. Bush’s administration. If confirmed by the full Senate, he would replace Pam Patenaude, who resigned last December.AI governance in mortgage servicing after the GSE mandates
Artificial intelligence is no longer an emerging technology in mortgage servicing. For many servicers, it has already become part of their day-to-day operations. AI-assisted tools summarize servicing calls, automate document review, classify borrower communications, and supp...
June purchase locks climbed 14% year over year while non-conforming and Non-QM lending continued gaining market share, according to Optimal Blue
The U.S. mortgage market continues to generate more purchase business, but where that business is being written is changing.New data from Optimal Blue's June 2026 Market Advantage report shows purchase rate-lock volume increased 10% from May and 14% from a year earlier, acco...
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