Author Archives: Mortgage Capital Trading Inc.

Collaboration Between MCT and Fannie Mae Improves Pricing for Mortgage Sellers on Select Loans

Unique Bid Tape Pricing API to Deliver More Granular Pricing Alongside Cash Window

SAN DIEGO, Calif., March 13, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced their integration with Fannie Mae’s new Loan Pricing API. By combining various price factors and utilizing a broader set of data found in bid tapes, the new API provides greater price transparency on certain loans. This is the latest in a series of recent collaborations between MCT and Fannie Mae intended to provide additional benefit and value to mortgage secondary market participants. This new API will provide greater transparency into the granular level pricing Fannie Mae provides to sellers on MCT Marketplace – the largest mortgage asset exchange for the U.S. secondary market.

Image caption: MCT – Mortgage Capital Trading.

“As the needs of borrowers and those who serve them evolve, Fannie Mae remains committed to investing in and delivering value through the products and services it offers,” said Pete Skarnulis, Single-Family Business Account Management Solutions – Vice President at Fannie Mae. “The new Loan Pricing API offers comprehensive pricing and a more streamlined process for obtaining the most up-to-date pricing information that creates a better experience for our industry partners.”

For mutual clients, pricing from the new API is integrated seamlessly into execution analysis, commitment, and delivery processes in MCT Marketplace. Fannie Mae sellers will retain access to the other execution options they had previously, such as the Cash Window and Servicing Marketplace®.

“Through our strong collaboration with Fannie Mae over the years, we have made it a top priority to push the secondary market forward through technology for the benefit of mutual clients,” stated Phil Rasori, COO at MCT. “We’re proud to have jointly deployed Fannie Mae’s new Loan Pricing API.”

Learn more about the features, benefits, volume, and performance of MCT and Fannie Mae technology collaborations for mortgage lenders. MCT and Fannie Mae will be available and sharing more information about their efforts for mutual client benefit at the upcoming MCT Exchange conference in San Diego held March 27-28, 2025, including the keynote presentation by Olga Gorodetsky, Director of Capital Markets at Fannie Mae.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MCT Media Contact:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
pr@mctrade.net
619-543-5111

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NEWS SOURCE: Mortgage Capital Trading Inc.

This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/collaboration-between-mct-and-fannie-mae-improves-pricing-for-mortgage-sellers-on-select-loans/

MCT Reports 28% Increase in Mortgage Lock Volume Heading into Spring Season

SAN DIEGO, Calif., March 11, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced a 27.91% increase in mortgage lock volume compared to the previous month. Industry professionals and stakeholders are encouraged to download the full report for a detailed analysis.

Image caption: MCT Reports 28% Increase in Mortgage Lock Volume Heading into Spring Season.

The increase in volume follows the typical seasonal pattern, rebounding from the December and January winter lull. As the housing market transitions into the Spring homebuying season, this positive movement suggests improving market activity. However, recent trends indicate that total volume may rise further in March and April before tapering off as early-season buyers finalize their purchases, leading to decreased demand in the deeper summer months.

External economic factors also remain a key area of focus. The potential impact of tariffs and possible retaliatory trade measures could introduce volatility into the broader economy, which may, in turn, affect mortgage rates. Market participants are watching these developments closely as they navigate lending and investment decisions.

Andrew Rhodes, Senior Director and Head of Trading at MCT, shared his perspective on the current financial landscape: “The expectation is that the Federal Reserve will likely hold the line on rates in March and May, with markets anticipating a likely rate cut in June. Economic performance given impending tariffs, Nonfarm Payroll, and the Consumer Price Index (CPI) will continue to be the biggest factors influencing rate decisions as we move into the summer months.”

As mortgage lenders and capital markets participants prepare for evolving conditions, MCT remains committed to delivering expert guidance and data-driven insights. For a more in-depth look at market dynamics, industry professionals can access the full report on MCT’s website.

Press release: https://mct-trading.com/press-release/mct-reports-28-increase-in-mortgage-lock-volume-heading-into-spring-season/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/contact or call (619) 543-5111.

IMAGE link for media: https://mct-trading.com/wp-content/uploads/2025/03/mct-lock-volume-indices-46.png

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-28-increase-in-mortgage-lock-volume-heading-into-spring-season/

MCT Introduces Atlas: Generative AI Advisor for Mortgage Capital Markets

SAN DIEGO, Calif., Feb. 27, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of Atlas, an artificial intelligence (AI) advisor now available within the MCTlive! platform. Atlas serves as a virtual capital markets expert and high-quality educational resource for MCT’s mortgage lender clients. With this launch, effective February 10, 2025, MCT continues its tradition of innovation in secondary marketing technology, offering clients instant access to expert knowledge and paving the way for future AI-driven workflows that will save clients time and improve their financial performance.

Image caption: MCTlive! Press Release.

“We’re proud to be the first mortgage capital markets platform to put AI in the hands of every client,” said Phil Rasori, COO of MCT and architect of Atlas. “AI has the potential to improve performance and act as a force multiplier for capital markets professionals, but only if it is deployed responsibly and transparently with careful protections for client data ownership and privacy.”

Atlas is built to the highest standards of data security and privacy after a year of careful planning, development, and testing by internal teams:

No client data has been exchanged with or used to train Atlas.
Atlas was trained on proprietary educational material, which is continually expanded as new innovations and subjects are covered.
The large language model supporting Atlas follows a strict escrow process that warrants its isolation from both developers and user data.
Retrieval augmented generation keeps the knowledge base stored in MCT’s private cloud environment.
Limited context “chunks” and function calling are used to further reduce external data transfer.

“Leadership through industry expertise and exceptional client service have been enduring core values at MCT,” said Curtis Richins, CEO. “Now we are extending that capability through Atlas, providing the collective knowledge of our experts on-demand. Whether clients are looking for instructions on platform processes or explanations of key calculations, they can now get answers with unprecedented speed and transparency.”

Atlas is currently designed for expertise distribution, effectively providing instant access to the combined knowledge base of MCT. Atlas will soon expand to include agentic report summarization and the ability to conduct core processes, which will be debuted at the MCT Exchange client conference to be held in San Diego next month. As these functions are made available, an opt-in will be provided that defines the limited client data that will be required to enable these and future capabilities.

Mortgage lenders interested in the benefits Atlas can provide their secondary marketing operations are encouraged to contact MCT.

Press release: https://mct-trading.com/press-release/atlas-generative-ai/

About MCT:

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Image Link for Media: https://mct-trading.com/wp-content/uploads/2025/02/atlas-generative-ai.png

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-introduces-atlas-generative-ai-advisor-for-mortgage-capital-markets/

Mortgage Lock Volume Stays Flat in Latest MCT February Indices

SAN DIEGO, Calif., Feb. 6, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 0.12% decrease in mortgage lock volume compared to the previous month. Industry professionals and market enthusiasts are encouraged to download the complete report for a deeper understanding of the latest market trends and dynamics.

Image caption: Mortgage Lock Volume Stays Flat in Latest MCT February Indices.

Despite the drop in refinance volume, purchase volume has remained steady, resulting in relatively no change in overall production volume month-over-month. The stability in purchase volume continues to support market activity while the industry awaits potential shifts in interest rates.

MCT’s data did show an increase in refinance production in the latter half of January. However, this uptick is likely attributable to the seasonal lull of the holiday period when compared to the end of December.

The outlook for the upcoming Federal Reserve meeting remains uncertain, as additional data is required to refine market predictions. “Tariffs, if or when implemented, may have an impact on inflation which will have influence over the next Fed decision,” said Andrew Rhodes, Senior Director and Head of Trading at MCT. “This, along with upcoming Nonfarm payroll and Consumer Price Index (CPI) reports, will help determine the outlook for mortgage rates heading into the Spring season.”

MCT’s latest report offers an in-depth analysis of these factors, providing valuable insights to lenders, investors, and industry stakeholders as they navigate the shifting mortgage landscape. To access the full report and learn more about MCT’s innovative solutions, visit MCT’s website.

MCT’s Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT’s national footprint.

Download the report: https://mct-trading.com/press-release/mortgage-lock-volume-flat-latest-february-indices/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

IMAGE link for media: https://mct-trading.com/wp-content/uploads/2025/02/mct-lock-volume-indices-43.png

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mortgage-lock-volume-stays-flat-in-latest-mct-february-indices/

Mortgage Capital Trading (MCT) Unveils MSRlive! 4.0 – Offering Ground-Breaking Enhancements to MSR Reporting and Transparency

SAN DIEGO, Calif., Jan. 16, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading (MCT), the de facto leader in innovative mortgage capital markets technology, today announced the release of MSRlive! 4.0, a groundbreaking enhancement to its mortgage servicing rights (MSR) valuation platform. The latest version offers mortgage servicers an unprecedented level of transparency and business intelligence, equipping portfolio managers with powerful new tools to assess and optimize their portfolios.

Image caption: Mortgage Capital Trading (MCT) Unveils MSRlive! 4.0.

With MSRlive! 4.0, portfolio managers gain direct insight into the key drivers behind valuation changes over time. The enhanced reporting offers a clear, intuitive view of risk exposure, allowing managers to identify and address potential vulnerabilities with ease. These advancements are a major leap forward for the industry, which has long sought more precise, accessible, and actionable analytics.

“We have listened to our clients and successfully built the reporting they need to analyze their portfolios with confidence,” said Bill Shirreffs, Head of MSR Services at MCT. “The essential elements are incorporated into the analytical reporting, with the ability to pull back the hood and see exactly what’s driving the valuation results.”

The enhanced reporting delivers a behind-the-scenes perspective of mortgage servicing portfolios, offering in-depth analysis that includes factors such as:

Valuation Assumptions
Breakeven Analysis
Duration and Convexity
Rate of Return on Investment
Cash Flow Summary Analysis

This added transparency enables portfolio managers to better understand portfolio performance and valuation drivers. The advanced summary reporting provides comprehensive, digestible insights, allowing for more confident decision-making and faster response to various market changes.

The launch of MSRlive! 4.0 solidifies MCT’s position as the industry leader in mortgage capital markets technology. Its innovative combination of enhanced data access and user-friendly analytics raises the bar for portfolio transparency, allowing users to quickly assess performance and valuation shifts at both a macro and granular level.

Shirreffs added, “Our clients now have a reporting system that’s not just powerful but also transparent. For the first time, they have the tools to make sense of the drivers behind period over period valuation changes — in a way that no other MSR portfolio management platform in the industry can offer.”

The industry’s growing need for deeper analytical insight and control is met head-on by MSRlive! 4.0. As portfolio managers strive to optimize their strategies in a rapidly shifting market, this release offers a decisive advantage with its enhanced precision, actionable intelligence, and ease of use.

To learn more about MSRlive! 4.0 or schedule a demo, contact MCT.

Read the press release: https://mct-trading.com/press-release/mct-unveils-msrlive-4/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

IMAGE URL: https://mct-trading.com/wp-content/uploads/2025/01/msrlive-4.0-pr.png

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mortgage-capital-trading-mct-unveils-msrlive-4-0-offering-ground-breaking-enhancements-to-msr-reporting-and-transparency/

MCT Reports 16% Decrease in Mortgage Lock Volume Amid Market Dynamics

SAN DIEGO, Calif., Jan. 14, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 16.7% decrease in mortgage lock volume compared to the previous month. Industry professionals and market enthusiasts are encouraged to download the complete report to gain comprehensive insights into the evolving market dynamics.

Image caption: Lock Volume for December by Transaction Type.

December’s mortgage activity saw a slight uptick in refinance production. However, this increase was not enough to significantly impact overall production levels. The majority of December’s mortgage activity stemmed from purchase volume, reflecting a consistent trend in the current housing market.

“The Fed is expected to hold rates steady for longer as we continue to see a strong jobs market coupled with lowering inflation,” stated Andrew Rhodes, Senior Director and Head of Trading at MCT. “As we move into 2025, nonfarm payroll and the Consumer Price Index (CPI) will continue to be critical data points providing insight into any potential rate cuts. However, the more immediate focus is on the incoming administration policy changes and their effect on the market.”

The market is currently pricing in an expectation of higher mortgage rates for a longer period, influenced by stronger-than-expected nonfarm payroll numbers and the conservative nature of the Federal Reserve’s dot plot projections.

MCT’s latest report offers an in-depth analysis of these factors, providing valuable insights to lenders, investors, and industry stakeholders as they navigate the shifting mortgage landscape.

Report: https://mct-trading.com/press-release/mct-reports-16-decrease-in-mortgage-lock-volume-amid-market-dynamics/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

IMAGE LINK for media: https://mct-trading.com/wp-content/uploads/2025/01/mct-lock-volume-indices-39.png

Image caption: Lock Volume for December by Transaction Type.

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-16-decrease-in-mortgage-lock-volume-amid-market-dynamics/

MCT Reports a 15% Decrease in Mortgage Lock Volume Amid Higher Rates

SAN DIEGO, Calif., Dec. 11, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has announced a 15.12% decrease in mortgage lock volume compared to the previous month. The data, reflecting current market dynamics, is available in MCT’s latest report, which offers in-depth analysis and insights for industry professionals and stakeholders.

Image caption: Image Caption: Lock Volume for November by Transaction Type.

While the market exhibited relative stability post-election, a clear downtrend in refinance activity was observed as interest rates settled. Heading into the winter months and with a new presidential administration taking office in January, volatility concerns remain a focal point for the industry. Current expectations suggest that mortgage volume will stay low through the early months of the year.

Andrew Rhodes, Senior Director and Head of Trading at MCT, commented on the outlook: “Most lenders have already priced in at least one rate cut in either December or January. Barring unforeseen events, mortgage rates are predicted to remain relatively steady through the winter months.”

Industry forecasts indicate that rates are likely to hold or increase slightly, further dampening refinance activity. With the evolving market landscape, industry professionals are encouraged to stay informed of potential shifts in the coming months.

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Download report at: https://mct-trading.com/press-release/mct-reports-15-decrease-in-mortgage-lock-volume-amid-higher-rates/

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

IMAGE link for media: https://www.Send2Press.com/300dpi/24-1211-s2p-mct-lock-volume-300dpi.jpg

Image Caption: Lock Volume for November by Transaction Type

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-a-15-decrease-in-mortgage-lock-volume-amid-higher-rates/

MCT Announces 2.5% Increase in Mortgage Lock Volume Despite October Market Volatility

SAN DIEGO, Calif., Nov. 15, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, reported a 2.5% increase in mortgage lock volume compared to the previous month. Mortgage market professionals and industry enthusiasts are invited to download MCT’s comprehensive report to gain deeper insights into the current market dynamics.

Image caption: MCT Mortgage Lock Volume Indices Oct 2024.

October proved to be a dynamic month for the mortgage market. An increase in mortgage rates, spurred by election volatility, led to a reversal of the refinancing uptick observed in September. However, a rise in purchase volume during the month managed to counterbalance the decline in refinancing, resulting in overall month-over-month lock volume remaining relatively flat.

The uncertainty surrounding the elections caused temporary market disruptions and a downturn in markets, which has now eased following the decisive election results. This change has brought a level of stability and clarity to the market.

Andrew Rhodes, Senior Director and Head of Trading at MCT, stated, “With the election and last Thursday’s Federal Reserve meeting behind us, we anticipate markets will stabilize with the new focus on November jobs and CPI data points.”

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

About MCT:

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-announces-2-5-increase-in-mortgage-lock-volume-despite-october-market-volatility/

MCT Empowers Mortgage Hedging Performance with Customized Spec Durations

SAN DIEGO, Calif., Oct. 24, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an improvement to functionality through customizable duration analysis for specified loan products. Mortgage lenders using the comprehensive capital markets platform MCTlive! now have the ability to increase, review, and refine the granularity of their spec durations, leading to more precise hedging and reduced basis risk. The new specified loan durations functionality, customized to the given lender’s execution, puts the formerly back-end modeling directly in the hands of mortgage capital markets professionals.

Image caption: MCT Empowers Mortgage Hedging Performance with Customized Spec Durations.

“Pricing granularity in the secondary mortgage market has steadily increased for nearly a decade. We feel it is essential to give clients transparency and customized control around spec durations,” said Phil Rasori, COO of MCT. “As evidenced by the Mission Score programs and the latest low loan balance specified pool tranches, a rising share of production can be expected to be spec eligible in the future. With this release, our clients are prepared to reap the benefits of that trend while maintaining the strongest possible hedge performance.”

Specified loan products available to be sold to the agency cash windows or Ginnie Mae securitizations yield better pricing for mortgage lenders, but their durations vary compared to non-spec production, which, if not properly accounted for, exposes hedged mortgage pipelines to basis risk and underperformance. Many lenders choose to adjust for the spec duration variance by estimating off an average of their pipeline expected to be spec eligible, but this approach leaves them vulnerable to changes in the makeup of their pipeline.

MCT’s superior approach runs an analysis of each execution of each spec program to calculate and set spec durations. These executions include product-level cash window, dealer pay-up survey and, most importantly, MCTlive! platform specified pool executions. Spec durations are now available for review and customization by clients. This new functionality is designed for seasoned capital markets professionals to get involved in the process themselves rather than having it managed by MCT experts. Lenders interested in a refresher are encouraged to read Duration & Convexity in Mortgage Pipeline Hedging.

“Giving our clients and traders the ability to match their loan durations to their spec executions provides them a critical edge in the industry-wide progression towards higher pricing granularity,” said Andrew Rhodes, Senior Director, Head of Trading at MCT. “For lenders delivering significant specified loan production, increasing duration granularity can bring about a meaningful improvement in their hedge performance.”

Mortgage lenders interested in learning more about how granular spec durations may increase their hedge performance are encouraged to schedule a consultation with MCT for the upcoming MBA Annual Convention and Expo.

About MCT:

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

View the MCT newsroom at: https://mct-trading.com/newsroom/press-releases/

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

LOGO link for media: https://www.Send2Press.com/300dpi/22-0311-s2p-mcttrad-300dpi.jpg

MCT Expands MSR Valuation Options with AD&Co Prepayment Model

Addition of Internationally Recognized Model Enhances Scenario Testing, Precision, and Confidence for MSR Managers

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! This integration allows MSR portfolio managers to leverage and compare both models, increasing confidence in the precision of their valuations and scenario testing.

Image caption: MCT – Mortgage Capital Trading.

“MCT’s MSRlive! platform is one of the most extensively adopted and customizable MSR valuation models in the industry,” said Bill Shirreffs, Senior Director, Head of MSR Services and Sales Operations at MCT. “We’re proud to work with AD&Co to add their internationally recognized LDM prepayment model alongside the customization and flexibility clients appreciate about our proprietary model.”

Because the MSR may be sold or retained independently of residential mortgage loans, MSR valuation and portfolio management is a critical function for U.S. mortgage lenders. Central to the value of any MSR is a forecast of its prepayment speed, which is dependent on a wide array of assumptions and heavily influenced by macroeconomic developments. MCT and AD&Co are both highly regarded providers of this prepayment modeling, and through their new alliance, they combine the best of both models for the benefit of capital markets professionals.

“AD&Co’s flagship LoanDynamics Model is a perfect complement to MCT’s MSRlive!,” said Michelle Stepien Breier, Business Development Manager at AD&Co. “AD&Co’s industry leading prepayment and credit models, coupled with MCT’s MSRlive!, provide a best-of-breed joint solution to MSR portfolio managers.”

The integration allows MSRlive! users who have an existing license or plan to license AD&Co’s LDM the opportunity to apply greater fine-tuning parameters to prepayment forecasting in accordance with the needs of the individual user and their portfolio.

MSR portfolio managers interested in a consultation on their valuation and retention strategy are encouraged to schedule a meeting with MCT and AD&Co for the upcoming MBA Annual Convention here: https://mct-trading.com/contact/

Read the full press release: https://mct-trading.com/press-release/mct-expands-msr-valuation-options-with-adco-prepayment-model/

About MCT:

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About Andrew Davidson & Co., Inc.:

Andrew Davidson & Co., Inc. develops and licenses prepayment and credit models, as well as risk measurement tools used as benchmark analytics by top mortgage and commercial banks, insurance companies, mortgage insurers, reinsurers, credit unions, broker-dealers, and investment management firms. Since its inception, the firm has provided clients with high-quality models, applications, consulting services, research, and thought leadership, all aimed at yielding advanced, quantitative solutions for an array of financial and investment management needs.

For more products and services information, visit www.ad-co.com and for direct inquiries contact support@ad-co.com. For media inquiries, contact Ashlea Bonds at ashlea@ad-co.com.

MEDIA CONTACT (MCT):
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

LOGO link for media: https://www.Send2Press.com/300dpi/22-0311-s2p-mcttrad-300dpi.jpg

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-expands-msr-valuation-options-with-adco-prepayment-model/

MCT Reports 3% Increase in Mortgage Lock Volume, Refinance Activity Buoys Market

SAN DIEGO, Calif., Oct. 3, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.17% increase in mortgage lock volume compared to the previous month. The report highlights key market dynamics, offering industry professionals valuable insights. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

Image caption: MCT Reports 3% Increase in Mortgage Lock Volume, Refinance Activity Buoys Market.

August and September have seen a continued slowdown in purchase lock volume, as is typical following the summer buying season. However, refinance activity has shown a steady increase, strong enough to offset the usual decline in overall lock volume from August to September. This increase in refinance activity has contributed to maintaining total lock volume production.

“This data signals a potential shift in strategy for loan officers, who are increasingly targeting borrowers looking to refinance after securing mortgages at higher peak rates,” said Andrew Rhodes, Senior Director and Head of Trading at MCT. “However, for a more significant rise in refinance activity, mortgage rates will need to drop much further. Currently, many borrowers remain locked into historically low rates, making the potential for increased refinance volume contingent on further rate reductions outside of market expectations.”

Rhodes also pointed to the significance of upcoming economic indicators. “With the expected Fed rate cuts already factored in, the market is now turning its attention to Friday’s Nonfarm Payroll report and the next Consumer Price Index release for signs of where rates are headed,” he added.

As the industry navigates these evolving market conditions, MCT continues to provide critical insights and cutting-edge solutions for mortgage professionals.

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

For a deeper analysis of these trends, download MCT’s full report: https://mct-trading.com/press-release/mct-reports-a-3-increase-in-mortgage-lock-volume-buoyed-by-refinance-activity/

About MCT:

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

IMAGE link for media: https://mct-trading.com/wp-content/uploads/2024/10/mct-lock-volume-indices-31.png

NEWS SOURCE: Mortgage Capital Trading Inc.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-3-increase-in-mortgage-lock-volume-refinance-activity-buoys-market/

MCT Reports a 3% Increase in Mortgage Lock Volume Backed by Increasing Refinance Activity

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.

A recent quarter-point drop in conventional 30-year and government 30-year mortgage rates has triggered an increase of 103.19% in refinance activity compared to the previous month. This surge has helped stabilize overall production levels as total volume remains low, especially when compared to 2020 and 2021. Notably, the year-over-year comparison shows a moderate increase of about 21% in total volume, also driven by a dramatic rise in refinances over the previous year.

Industry experts suggest that many lenders may be pricing in the potential rate cuts expected during the upcoming Federal Reserve meeting.

Andrew Rhodes, Senior Director and Head of Trading at MCT, offered insights into the current market landscape: "We could see additional short-term market volatility as the Fed considers a 25 or 50 basis point rate cut. Friday's Nonfarm Payroll Report will provide further clarity on that decision."

Industry professionals and market enthusiasts are encouraged to download the full report from MCT for a comprehensive analysis of these market dynamics.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

For a deeper analysis of these trends, download MCT's full report: https://mct-trading.com/press-release/mct-reports-3-percent-mortgage-lock-volume-increased-refinance-activity/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.

Related link: https://mct-trading.com/

Patented Technology Allows Mortgage Buyers to Transact with Any Seller on MCT Marketplace

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced that the company has been awarded a patent for the security spread commitment used in the industry's largest mortgage asset exchange: MCT Marketplace. The security spread commitment transforms loan auctions, turning shadow bids into executable prices. Loan buyers and sellers use the security spread commitment to transact before counterparty approval, vastly increasing liquidity while giving sellers confidence in the price execution of new buyers.

"For decades industry players have imagined a time when buying a loan would be as easy as buying an item on eBay," said Phil Rasori, MCT COO and architect of the security spread commitment. "Arduous counterparty approval processes always blocked the way - but no longer. By committing to a price spread against the underlying security, buyers and sellers can confidently transact before undertaking mutual approvals. We're tremendously proud this innovation has been recognized by the U.S. Patent Office."

Through security spread commitments, any interested buyer on MCT Marketplace can make an executable bid on any mortgage loan up for auction. In the case of a buyer winning an auction from a new counterparty, the price is converted to a security spread against a mutually agreed security price. The price of this security continues to move with the market while mutual approvals are completed, routinely expediting the process from months to an average of five days. Following approval, the security spread is converted back to a fixed price and the transaction is completed. Through tools like the security spread commitment and MCT's AutoBid bid tape pricer, investors are efficiently bidding more loan collateral than ever before, and sellers are finding best execution and liquidity that would otherwise be missed.

"Gone are the days of a finite set of approved investors, not knowing who has an axe and incomplete information on who may offer the best price," said Curtis Richins, president and CEO at MCT. "MCT Marketplace is the only loan exchange where sellers can receive executable bids from unapproved buyers. Through our patented security spread commitment, MCT firmly holds its position as the gold standard in best execution and moves one step closer to the ultimate goal - when every loan can be priced by every investor."

Use cases for this groundbreaking methodology extend beyond standard whole loan trades. Security spread commitments can also be leveraged to facilitate transactions on open loans that are still being hedged in a lender's pipeline. Buyers with specific collateral targets to fulfill, such as CRA, AMI, and other specified pool obligations, can make early offers on loans in a lender's pipeline via security spread commitments.

Mortgage market participants interested in learning more about the impact that innovative loan sale practices may have on their business are encouraged to read the whitepaper, "Why Your Loan Sale Process is Holding You Back" - https://mct-trading.com/whitepaper/why-your-loan-sale-process-is-holding-you-back/.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Related Links:

https://mct-trading.com/software/marketplace/

https://mct-trading.com/investor-services/#autobid

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced that the company has been awarded a patent for the security spread commitment used in the industry's largest mortgage asset exchange: MCT Marketplace. The security spread commitment transforms loan auctions, turning shadow bids into executable prices.

Related link: https://mct-trading.com/

MCT Reports a 6% Mortgage Lock Volume Decrease in Latest Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a decrease of 5.67% in mortgage lock volume compared to the previous month. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

Mortgage lock volume over the past eight weeks has continued to trend downward. This trend is consistent with a decrease in supply as we progress through the summer.

Looking ahead, the trend is expected to continue into the next month. Even as rates gradually decrease, many potential buyers may be holding off in anticipation of potentially better rates later in the year.

Additionally, a potential September rate cut has already been priced into the market, suggesting that if the Federal Reserve does cut rates in their September meeting, it may have little effect on mortgage rates.

Andrew Rhodes, Senior Director, Head of Trading at MCT, states, "Today's Nonfarm payroll report came in below expectations along with a higher than expected unemployment rate. If this trend continues, it is looking very likely the Federal Reserve will cut rates in their September meetings."

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Download the Complete Report at: https://mct-trading.com/press-release/mct-reports-a-6-percent-mortgage-lock-volume-decrease-in-latest-indices-report/

MULTIMEDIA:

IMAGE link for media: https://www.Send2Press.com/300dpi/24-0802-s2p-mct-chart-300dpi.jpg

Image caption: Lock Volume for July by Transaction Type.

MCT Media Contact:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a decrease of 5.67% in mortgage lock volume compared to the previous month. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.

Related link: https://mct-trading.com/

MCT Integrates with Fannie Mae’s Mission Score API and New Product Grids to Empower Originators to Take Advantage of Market Incentives for Mission-oriented Lending

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced the launch of new integrations with Fannie Mae's Mission Score application programming interface (API) and Mission Score 2 and 3 product grids that provide better transparency and pricing for mortgages aligned with Fannie Mae's mission objectives.

The Mission Score API and product grids provide a loan-level Mission Score and associated pricing to mortgage originators, who may improve margins or pass through better borrower pricing using MCT technology. MCT, the first to integrate with the API, has a long history of empowering mortgage market participants to optimize their business, and these latest integrations increase the granularity of pricing that Fannie Mae provides sellers on MCT Marketplace - the largest mortgage asset exchange for the U.S. secondary market.

"Fannie Mae changed the market back in 2016 by bringing spec programs to the cash window, putting lenders in a position where they could take the pay-ups and push them through as more competitive pricing for the borrower," said Phil Rasori, COO of MCT. "Now, Fannie Mae has done it again by pushing forward the Mission Score pay-ups available on the securitization side toward front-end borrower pricing."

For mutual clients, pricing from the new API and product grids are integrated seamlessly into the best execution analysis, commitment, and delivery processes in MCT Marketplace. Lenders using the new MCT Base Rate Generator can leverage the Mission Score products to directly inform and generate their front-end borrower pricing.

"The Mission Score API and Mission Score product girds are Fannie Mae's latest solutions intended to support affordable homeownership opportunities and promote mission-based financing to qualified borrowers," said Pete Skarnulis, Single-Family Business Account Management Solutions - Vice President at Fannie Mae. "Through close partnership and collaboration with our industry partners, we're able to introduce innovative solutions to the market at scale, helping to promote positive change across the mortgage industry."

Lenders are encouraged to register for the upcoming industry webinar hosted by MCT, and featuring Fannie Mae, to learn more about the features and benefits of the Mission Score API and product grids for mortgage originators and their borrowers. Learn more: https://mct-trading.com/webinar/mct-fannie-mae-mission-score-webinar/.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced the launch of new integrations with Fannie Mae's Mission Score application programming interface (API) and Mission Score 2 and 3 product grids that provide better transparency and pricing for mortgages aligned with Fannie Mae's mission objectives.

Related link: https://mct-trading.com/

MCT and Lender Price Join Forces to Improve Mortgage Pricing with Loan-Level MSR Values

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), the de facto leader in innovative mortgage capital markets technology, and Lender Price, the first cloud-native provider of mortgage pricing technology, have partnered to provide mortgage lenders using the Lender Price product and pricing engine (PPE) with loan-level MCT MSR values. MCT's industry-leading mortgage servicing rights (MSR) grids allow Lender Price PPE clients to be more granular, profitable, and efficient when generating their front-end borrower pricing and managing their MSR portfolio.

"Our collaboration with MCT marks a significant milestone in our mission to provide lenders with innovative tools to streamline their operations and maximize profitability," said Dawar Alimi, CEO and Co-Founder of Lender Price. "Integrating MCT's MSR valuation grids into our PPE allows our clients to manage their pricing more effectively and stay ahead of market conditions. Together with MCT, we're committed to delivering exceptional value to our clients and continuously driving innovation in mortgage capital markets technology."

Alongside the mortgage, valuing MSRs is the next largest component of generating front-end borrower pricing. This first-of-its-kind integration puts live, loan-level MSR values in the hands of capital markets professionals when they need it most, during the daily process of pricing loans using their PPE. Mortgage lenders will save time and money through faster and more strategic best execution decisions, dynamic margin management, and stronger pricing analytics, all in one enterprise pricing engine.

"Lender Price has shown a commitment to providing the top-performing pricing experience for mortgage lenders by integrating the industry's most granular MSR values," said Curtis Richins, president and CEO of MCT. "We're proud that Dawar and his team selected MCT for this groundbreaking partnership."

Mortgage lenders can expect exciting future developments from this new partnership. Interested organizations can reach out to MCT or Lender Price for more detail about leveraging loan-level MSR values to create stronger mortgage pricing.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About Lender Price:

Lender Price delivers superior cloud-native pricing technology to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, our solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies. Lender Price's advanced technology, combined with its deep understanding of the lending landscape, sets it apart from the competition. By leveraging artificial intelligence, machine learning, and data-driven insights, Lender Price equips lenders with the knowledge and resources to make informed decisions and drive growth. Recognized by top industry publications, our award-winning pricing, product and eligibility (PPE) platform continues to lead the industry in advancing capital markets and mortgage pricing technology. Visit us at https://lenderprice.com/ for more information.

Mortgage Capital Trading (MCT®), the de facto leader in innovative mortgage capital markets technology, and Lender Price, the first cloud-native provider of mortgage pricing technology, have partnered to provide mortgage lenders using the Lender Price product and pricing engine (PPE) with loan-level MCT MSR values. MCT's industry-leading mortgage servicing rights (MSR) grids allow Lender Price PPE clients to be more granular, profitable, and efficient when generating their front-end borrower pricing and managing their MSR portfolio.

Related link: https://mct-trading.com/

MCT Reports A 7% Mortgage Lock Volume Increase In Latest Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 6.78% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

As mortgage lock volume edges upward during the buying season, the mortgage industry continues to monitor economic indicators that will factor into the Federal Reserve's decision on how long to hold rates.

Early May economic indicators present a mixed bag, which could give the Federal Reserve reason to hold rates longer. While April's Consumer Price Index (CPI) aligned with predictions, the May Nonfarm Payroll report far exceeded forecasts with an additional 272,000 jobs.

The combination of the May Nonfarm Payroll and upcoming CPI report could suggest that the Federal Reserve will hold rates longer as they seek more consistent economic indicators pointing toward their goal of two percent inflation.

Andrew Rhodes, Senior Director and Head of Trading at MCT, stated, "The next couple of months will be key from a data standpoint as the Federal Reserve looks for a trend of inflation heading towards the goal of two percent. Considering the Nonfarm Payroll number that just came out, setting a trend is going to take more time. We're looking ahead to the May CPI print to see how the Fed is going to interpret both data points. Even with CPI coming in around expectation, the jobs number could likely push the FED to further delay their rate cuts."

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report: https://mct-trading.com/press-release/mct-reports-a-7-percent-lock-volume-increase-in-latest-indices-report/.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MULTIMEDIA:

Image link for media: https://mct-trading.com/wp-content/uploads/2024/06/mct-lock-volume-indices-20.png

Image Caption: Lock Volume for May by Transaction Type

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 6.78% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

New Solution Connects API-Driven Back-End Execution to Front-End Pricing with Industry-First Features

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of the Base Rate Generator, an industry-changing solution that allows mortgage lenders to directly inform their front-end rate sheet pricing with their back-end capital markets executions. By combining live agency API connections, co-issue executions, aggregator pricing, and custom TBA indications, the MCT Base Rate Generator allows mortgage lenders to improve margin management and competitive performance.

"The Base Rate Generator has helped us to put out a better rate sheet to our loan officers and third parties," shared Brian Gilpin, CFO and Head of Capital Markets at Embrace Home Loans. "It has helped us to be more exact in our pricing which, as a result, has generated more business for us."

Generating custom front-end borrower pricing - either through a base rate upload to a Product and Pricing Engine (PPE) or through a formatted traditional rate sheet - is a constant challenge for mortgage lenders, particularly in the face of rapidly shifting market dynamics. Based on live pricing connections to the agencies and an ever-growing network of broker-dealers and correspondent aggregators, MCT is uniquely positioned to architect a more accurate, granular, and efficient system for producing front-end pricing.

The Base Rate Generator was developed with direct input from clients of all sizes and includes industry-first features that satisfy lenders whether they securitize, deliver to the cash window, or prefer working exclusively with aggregators. Custom TBA indications on illiquid coupons can be incorporated directly, along with float carry and specified settlement calculations. Lenders can use the spec margin holdback feature to systematically withhold or pass-through the associated pay ups increasingly prevalent across the investor pricing spectrum. Best execution blending functionality supports selecting the second or third best execution as the pricing basis, or an average of the top several, to smooth out and protect against margin-killing outliers that may not be available for delivery on the back end.

"The recent past has presented many challenges for our lender community - market volatility, illiquid coupons, and higher interest rates to name a few," said Phil Rasori, COO at MCT. "We're proud of our on-going collaboration with clients to develop the best solutions to combat these challenges and preserve margins. The Base Rate Generator brings needed granularity and transparency to pricing in a way that has never been seen in our sector."

MCT offers the Base Rate Generator as an add-on service for clients using its suite of capital markets solutions or as a stand-alone service.

Mortgage lenders interested in learning more about the industry-first features included in Base Rate Generator should register for the upcoming webinar on June 4, 2024. Learn more: https://mct-trading.com/webinar/preserve-margins-and-improve-pricing-with-base-rate-generator/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of the Base Rate Generator, an industry-changing solution that allows mortgage lenders to directly inform their front-end rate sheet pricing with their back-end capital markets executions. By combining live agency API connections, co-issue executions, aggregator pricing, and custom TBA indications, the MCT Base Rate Generator allows mortgage lenders to improve margin management and competitive performance.

Related link: https://mct-trading.com/

MCT Reports A 2% Lock Volume Increase Despite Rising Rates

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today reported a 1.87% increase in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Amidst an environment of increasing rates, the increase in mortgage lock volume over the previous month illustrates a possible shift in public perception. Potential homebuyers appear to be adapting to the 7% interest rate, viewing it as a new normal. This increase is further supported by the seasonal uptick in real estate activity.

The persistence of housing demand, coupled with a stable market for home values, is instilling confidence among buyers who believe acquiring home equity will compensate for the higher rates.

Andrew Rhodes, Senior Director and Head of Trading at MCT, commented on recent market movements: "The market has rallied a point on the UM30 6's following the Federal Reserve's decision to stay the course with interest rates. While the outlook for the summer remains positive, it's closely tied to forthcoming economic reports. With April nonfarm payroll coming in lower than expected the Federal Reserve is waiting to see if this will become a trend or is just an outlier in terms of strength in jobs. The May CPI report, coming out on the 15th, will be particularly pivotal in determining the market's expectations in rate cuts sooner or later with some already pricing in cuts in September."

Download MCT May Indices Report:

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report - https://mct-trading.com/press-release/mct-reports-a-2-percent-lock-volume-increase-despite-rising-rates/

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today reported a 1.87% increase in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

MCT Launches Complete Best Execution, Now Including Fully Integrated Retain vs. Release MSR Decisioning

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, proudly introduces a game-changing advancement: a Best Ex for Released and Retained all in one platform!

With this groundbreaking development, MCT's Enhanced Best Execution (EBX) solution emerges as a real-time bridge between MCTlive! (live whole loan/SRP execution) and MSRlive! (loan level MSR valuation), revolutionizing the landscape of best execution strategies in the mortgage industry. With this technology, MCT clients have accurate insight into how loans are trading and what investors are paying along with the intrinsic servicing value to enhance the retained vs. released decisioning process. What was once a manual and time-consuming exercise is now completely automated with EBX, making all of the essential execution data elements accessible with the click of a button.

"MCT is the only company in the pipeline hedge and MSR space to effectively put all the essential execution pieces together successfully in a single platform," says Bill Shirreffs, Senior Director, Head of MSR Services and Sales Operations at MCT. "By leveraging "live" best ex trade information from MCTlive!, in addition to loan level servicing valuation information from MSRlive!, clients gain on-demand access to detailed guidance relative to which loans to retain vs. release based on key economic factors", Shirreffs explains.

MCT will also be holding a webinar introducing this new technology which will explain the new enhancements further. In this webinar, MCT's MSR team will review the current state of the MSR market and discuss more comprehensive retain vs. release strategies, in addition to our recently introduced fully integrated Enhanced Best Execution (EBX) solution.

Register for the upcoming webinar here: https://mct-trading.com/webinar/complete-best-ex-webinar/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, proudly introduces a game-changing advancement: a Best Ex for Released and Retained all in one platform!

Related link: https://mct-trading.com/

MCT Reports A 15% Lock Volume Increase Heading Into Buying Season

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 15.36% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Despite facing headwinds of increasing rates, mortgage lock volume continues its upward trajectory as we enter the buying season. Although rates currently stand at 7%, historically high compared to recent years, they are expected to decline, enticing buyers to make purchases now with the anticipation of refinancing when rates begin to drop.

While the recent months have witnessed a steady rise in lock volume, it's important to note that volumes remain on the lower end of the scale, resulting in perceived significant month-over-month increases. The lock volume indices reveal an 8% year-over-year increase, predominantly fueled by a 44% surge in refinances compared to this time last year.

Andrew Rhodes, Senior Director and Head of Trading at MCT, remarked, "Even amidst the challenges posed by higher rates, we continue to witness incremental increases in lock volume. Market expectations indicate a 50% chance for a rate cut in June. However, robust economic data in the coming months may delay rate cuts until July or September, potentially resulting in sideways or even lower production."

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report - https://mct-trading.com/press-release/lock-volume-increase-15-percent-into-buying-season/.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

High-res image of chart: https://mct-trading.com/wp-content/uploads/2024/04/mct-lock-volume-indices-12.png

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 15.36% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

MCT Reports a 20.9% Increase In Mortgage Lock Volume Amidst Rising Rates

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has reported a 20.9% increase in mortgage lock volume in February compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

This month's increase comes against a backdrop of rising interest rates, a robust jobs market, and a stronger-than-predicted CPI report. Despite the prevailing market conditions, the twenty percent increase in mortgage lock volume showcases positive buyer sentiment within the industry. However, it's important to note that this month-over-month uptick represents a relative change, reflective of the traditionally slower winter buying season.

Looking ahead, the Federal Reserve will closely monitor forthcoming non-farm payroll and inflation reports to inform decisions regarding potential rate adjustments. Andrew Rhodes, Senior Director and Head of Trading at MCT, emphasized the significance of these impending reports, stating, "The upcoming non-farm payroll and CPI reports will have a significant impact on the decision for the upcoming Fed meeting in terms of forward guidance. If we continue to see higher than anticipated job and inflation reports, we could see market expectations start to push rate cuts out to Q3 or later which could act to depress mortgage volume."\Bottom of Form

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report - https://mct-trading.com/press-release/20-percent-increase-mortgage-lock-volume-amidst-rising-rates/.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has reported a 20.9% increase in mortgage lock volume in February compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

MCT Releases Custom TBA Indications to Provide Price Discovery for Illiquid Coupons

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of pricing indications for the to-be-announced mortgage-backed securities (TBAs) used by mortgage lenders to hedge their open mortgage pipelines. TBA indications improve transparency in illiquid market segments and act as a key reference point on lenders' unique executions - critical data for generating accurate front-end borrower pricing.

"TBA indications can now be electronically requested ad hoc by mortgage lenders from multiple approved broker-dealers," said Phil Rasori, COO at MCT. "For the first time, lenders have a custom reference point to their own TBA execution rather than working solely from market-wide pricing that may not be applicable to them."

TBAs are the forward contracts on mortgage-backed securities used across the industry to hedge open mortgage pipelines against changes in interest rates during the origination process. With this latest development, MCT clients are able to make timely, on-demand pricing indication requests for specific coupons in the TBA market. This new price discovery is a significant benefit to mortgage lenders, since traditionally only the most liquid coupons are visible on standard market pricing reference tools.

"I needed pricing visibility on the GNMA 7.5% coupon, but there was no screen pricing available," said Nick LaClair, Pricing Strategy and Analytics Manager, AVP at Embrace Home Loans. "Being able to electronically request and receive these indications enabled me to navigate the illiquid segments of the market and produce more accurate pricing, allowing us to offer more pricing options to our customers in a very challenging environment."

MCT is proud to offer this new pricing service that is made possible through a technology licensing arrangement with leading fintech Agile Trading Technologies. Agile operates a request for quote (RFQ) platform that connects mortgage lenders with broker-dealers of all sizes.

Please contact MCT to learn more about how TBA indications help improve secondary market performance, at: https://mct-trading.com/contact/.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

RELATED LINKS:

https://trade-agile.com/

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of pricing indications for the to-be-announced mortgage-backed securities (TBAs) used by mortgage lenders to hedge their open mortgage pipelines. TBA indications improve transparency in illiquid market segments and act as a key reference point on lenders' unique executions - critical data for generating accurate front-end borrower pricing.

Related link: https://mct-trading.com/

MCT Awarded HW Tech100 Mortgage Award for the 5th Consecutive Year

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, was announced as a 2024 HousingWire Tech100 Mortgage Winner for the 5th consecutive year. For more than a decade, HousingWire's Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries.

The Tech100 Mortgage Award spotlights the most innovative and impactful organizations that are making the housing economy better and more sustainable by increasing efficiency, improving borrower experience, and bringing elasticity to mortgage origination and servicing processes.

MCT has redefined secondary marketing through MCT Marketplace, where buyers and sellers can connect regardless of counterparty approval status. It facilitates optimal execution in every scenario by removing barriers across various execution types and counterparties. MCT Marketplace also offers a greater variety of execution types with enhanced transparency and superior automation compared to alternative exchanges. Distinguishing itself as the sole platform featuring live bids from unapproved counterparties, MCT introduces its patent-pending Security Spread Commitment, converting shadow bidding into real-time executions.

"At MCT, we strive for innovation to simplify capital markets. The MCT Marketplace is reshaping the buy/sell process, and we are proud that its technological advancements are acknowledged for their significant market impact," said Curtis Richins, President and CEO of MCT. "This recognition reflects the dedication of our entire team, highlighting their hard work and invaluable contributions. We are grateful for HousingWire's recognition of innovation within the capital markets sector and are privileged to be among such esteemed organizations on this prestigious list."

Since it's inception, MCT Marketplace has averaged around 4,300 commitments per month for $3b a month in cash window commitments and facilitated an average of 1.5B+ in AOT's every month. Those interested in learning more about the features and benefits of MCT's award-winning technology and services are encouraged to contact MCT for more information.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

RELATED LINKS:
https://mct-trading.com/software/marketplace/

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, was announced as a 2024 HousingWire Tech100 Mortgage Winner for the 5th consecutive year. For more than a decade, HousingWire's Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries.

Related link: https://mct-trading.com/

Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 13.96% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

For the first time since June 2023, MCT® has observed month-over-month growth in total volume, purchase volume, rate/term refinances, and cash-out refinances. These figures come as the Federal Reserve has decided to maintain interest rates at their current level, with indications that a March rate cut may be unlikely as they persist in their pursuit of achieving 2% inflation.

While the rise in monthly volume across the board is a notable trend, the year-over-year comparison reveals relatively stable total volume. Phil Rasori, Chief Operating Officer at MCT, commented on the current landscape, stating, "The recent decrease in mortgage rates and increase in refinance volume hasn't yet made a meaningful impact compared to a year ago. However, we anticipate a shift in this scenario as we approach a potential Fed rate cut, unlocking the potential for increased refinance and total volume."

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report - https://mct-trading.com/press-release/monthly-mortgage-volume-increases-13-96-in-latest-mct-indices-report/.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MULTIMEDIA:

Image link for media: https://mct-trading.com/wp-content/uploads/2024/02/mct-lock-volume-indices-7.png

Caption: Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 13.96% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

Seasonal Lows Contribute to 13.71% Drop In Mortgage Volume

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, revealed today a 13.71% decline in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report at: https://mct-trading.com/press-release/seasonal-lows-contribute-to-13-71-drop-in-mortgage-volume/.

Despite a recent drop in mortgage rates, refinances have witnessed only a modest uptick, falling short of making a significant impact on overall mortgage volume. Seasonal trends, coupled with challenges in the purchase market, have eclipsed the potential benefits of a full percentage point decrease in rates.

Phil Rasori, Chief Operating Officer at MCT, commented on the current landscape, stating, "Softening purchase prices, paired with a further drop in rates, could boost purchases and refinances. However, we anticipate that seasonal lows in the purchase market will persist through Q1."

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, revealed today a 13.71% decline in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

Monthly Mortgage Volume Decreases 10.7% In Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, today announced a 10.7% decrease in mortgage lock volume in November compared to the previous month. This revelation comes as part of MCT's monthly Lock Volume Indices report, offering valuable insights into the dynamic landscape of the residential mortgage industry.

The data indicates a nuanced pattern, with a slight uptick in lock volume early in the month attributed to a marginal drop in mortgage rates and increased activity from a Mortgage-Backed Securities (MBS) rally. However, this surge was short-lived as volume plateaued and subsequently decreased throughout the remainder of the month, with the Thanksgiving holiday potentially contributing to this trend.

Against the backdrop of these market dynamics, the mortgage industry is hoping for reprieve as The Federal Reserve indicated we may have reached the terminal federal funds rate. Andrew Rhodes, Senior Director and Head of Trading at MCT, commented on the current scenario, saying, "While we've seen a decrease in mortgage rates from the highs which would alleviate the seasonal dip, we are still struggling with low supply and see that as a continued trend through the beginning of 2024."

To access the comprehensive insights provided by MCT's Lock Volume Indices, interested parties are encouraged to download the full report at: https://mct-trading.com/press-release/monthly-mortgage-volume-decreases-10-7-indices-report/.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, today announced a 10.7% decrease in mortgage lock volume in November compared to the previous month. This revelation comes as part of MCT's monthly Lock Volume Indices report, offering valuable insights into the dynamic landscape of the residential mortgage industry.

Related link: https://mct-trading.com/

Mortgage Volume Continues Downward Trend in Latest MCT November 2023 Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a drop of 17.76% in mortgage lock volume over the prior month.

Complete the form to download the full report: https://mct-trading.com/press-release/mortgage-volume-continues-downward-trend-in-latest-mct-november-indices-report/

Loan originations for October continued to dip as mortgage rates hovered around 8% and lack of housing supply continues to slow origination volume. While overall mortgage lock volume dropped more than 17% in October, cash out refinances did see a boost.

"Cash out refinances jumped more than 11% in October from the previous month," said Andrew Rhodes, Senior Director, Head of Trading at MCT. "However, given that cash out refinances are already at notable lows, I don't believe it to be statistically significant."

This trend is expected to play out through 2023 as the Fed paused rates at their November 1st meeting and indicated the potential for another rate hike before the end of the year.

"Multiple factors such as an 8% mortgage rate, the Fed's continued fight against inflation, and the industry's cyclical winter lull, shows we'll likely continue to see low origination volume heading into the new year," said Mr. Rhodes.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a drop of 17.76% in mortgage lock volume over the prior month.

Related link: https://mct-trading.com/

High Rates and Low Supply Drag Down Mortgage Volume in MCT October Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a significant dip of 13.29% in mortgage lock volume over the prior month.

Following the last month-over-month 4.76% drop, this downward trend in mortgage lock volume is attributed to an increase in mortgage rates throughout the last month to high sixes and low sevens as the primary culprit, and lack of supply and unattractive housing values being secondary reasons. "We are hopeful that we will get some better sentiment from the Fed in either its November or December meeting which would allow for some relief for rates," said Andrew Rhodes, Senior Director, Head of Trading at MCT, "But without that, high-interest rates will continue to be the prevailing force weighing on the market."

Eyes in the coming winter months will be on any shift in CPI and non-farm payroll, two indicators the Fed will look to as it makes its decisions for the rest of the winter and into Q1. "As long as those numbers continue to stay strong or in line with the consensus, I believe the rates are going to stay where they are. If we see a strong shift in either direction for CPI or non-farm payroll, that could mean we will either see an increase in rates or we will get more verbiage on pausing and it being close to terminal." states Mr. Rhodes.

Download the full MCT October Indices Report for further information, including year-over-year charts and data. MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

RELATED LINKS:

https://mct-trading.com/press-release/mortgage-lock-volume-dips-rising-rates-mct-indices/

https://mct-trading.com/press-release/high-rates-low-supply-drag-down-mortgage-volume-in-mct-october-indices-report/

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a significant dip of 13.29% in mortgage lock volume over the prior month.

Related link: https://mct-trading.com/

Mortgage Capital Trading Named Best Place To Work 2023 By SDBJ

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced that it has been named one of the Best Places to Work 2023 by the San Diego Business Journal (SDBJ) in the medium-sized company category (50 - 249 U.S. employees). This award is designed to identify, recognize, and honor the best places of employment in San Diego that benefit the county's economy, workforce, and local businesses.

MCT has been headquartered in downtown San Diego for nearly two decades, and during that time, the firm has evolved its "team member first" mindset - focusing on wellbeing and intentional work/life balance. Throughout the pandemic and segueing into the volatile mortgage market the entire industry is currently facing, MCT leadership has continued to prioritize team member needs.

"We are honored to be named the Best Place to Work in San Diego year after year," said Chad Campora, Head of Human Resources. "It's humbling to know that MCT team members feel respected, rewarded, and empowered to bring their best selves to work each day. The tenure among many of our key people is definitely a point of pride."

The SDBJ puts companies that applied for the award through an extensive evaluation process that includes a detailed analysis of company workplace policies and practices along with a comprehensive employee survey. The combined scores determine the top companies and the final rankings. The winning companies were honored at an awards ceremony hosted by the SDBJ in August.

More information on the SDBJ's Best Places to Work in San Diego program can be found at https://www.sdbj.com/.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced that it has been named one of the Best Places to Work 2023 by the San Diego Business Journal (SDBJ) in the medium-sized company category (50 - 249 U.S. employees).

Related link: https://mct-trading.com/

Mortgage Lock Volume Dips Slightly in Response to Rising Rates in September MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT(R)), a leading mortgage hedge advisory and secondary marketing software firm, reported today a slight 4.76% decline in mortgage lock volume over the prior month.

Download the complete report: https://mct-trading.com/press-release/mortgage-lock-volume-dips-rising-rates-mct-indices/

The slight dip in mortgage lock volume is likely attributed to an increase in mortgage rates through the last month.

"The summer buying season may have provided a nice backstop to prevent lock volume from dropping further this month," said Andrew Rhodes, Senior Director, Head of Trading at MCT. "If we continue into this restrictive territory through the winter buying season, we could see additional contraction through the rest of 2023."

The Fed's July decision to raise the Federal Funds Rate has contributed to a one-year high for mortgage rates. Friday's Nonfarm payroll report also came in slightly higher than expected, while other indicators, like the unemployment rate, unexpectedly ticked up from 3.5% to 3.8%. This mixed bag of indicators may give the Fed enough ammo for additional rate hikes in 2023.

As we move into the mortgage industry's natural winter slowdown, eyes will be on the Fed for communication that we've reached the terminal Federal Funds Rate.

"Any indication from the Fed that we've reached the terminal rate will trigger a reprieve in rates," said Mr. Rhodes. "In turn, market participants will begin to step back in and provide stability."

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship.

MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

SAN DIEGO, Calif., Sept. 5, 2023 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a slight 4.76% decline in mortgage lock volume over the prior month. The slight dip in mortgage lock volume is likely attributed to an increase in mortgage rates through the last month.

Related link: https://mct-trading.com/

MCT Appoints Steve Pawlowski Head of Technology Solutions to Continue Industry-Changing Innovation

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the appointment of Steve Pawlowski as Managing Director, Head of Technology Solutions. Mr. Pawlowski will be responsible for expanding upon MCT's proven record of driving efficiency and liquidity in the secondary market. He will report directly to MCT's COO, Phil Rasori.

"Steve's technology leadership while at Fannie Mae heralded a new era of capital markets transparency to the lender," said Phil Rasori. "MCT is building on that effort in numerous ways, including initiatives to bring back-end pricing closer to the front-end pricing that mortgage borrowers receive. We're proud Steve will be applying his vision and expertise to MCT Marketplace and other best-in-class software solutions."

MCT Marketplace users include 30% of all correspondent sellers and over 90% of active correspondent buyers, making it the largest whole loan exchange by number of participants in the U.S. market. In addition to whole loans, MCT's software solutions are leading venues for flow servicing, bulk MSR, and TBA transactions.

"MCT was the fastest and most comprehensive technology partner I worked with on API development while at Fannie Mae," said Steve Pawlowski, Managing Director, Head of Technology Solutions at MCT. "I couldn't be more excited to apply my institutional expertise to this agile and committed technology development team."

Mr. Pawlowski will provide leadership on all MCT technology development. He brings extensive industry experience to MCT, including 30+ years with Fannie Mae's Capital Markets and Single-Family Digital Products and Services organizations. Mr. Pawlowski and his team were instrumental in developing Fannie Mae's Servicing Marketplace and the original, first-of-their-kind pricing and commitment APIs.

Contact MCT to learn more about improving profitability and efficiency, whether you are a mortgage lender or buy-side mortgage asset investor: https://mct-trading.com/contact/.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the appointment of Steve Pawlowski as Managing Director, Head of Technology Solutions. Mr. Pawlowski will be responsible for expanding upon MCT's proven record of driving efficiency and liquidity in the secondary market. He will report directly to MCT's COO, Phil Rasori.

Related link: https://mct-trading.com/

July’s Mortgage Lock Volume Flat Amongst Rising Rates in Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a relatively flat .44% increase in mortgage lock volume over the prior month. Visit MCT's site to download the full report.

The relatively flat change in volume is likely attributed to seasonal momentum through Summer. "While July's mortgage lock volume remained relatively flat, mortgage rates continued to climb through July," said MCT's COO, Phil Rasori. "If rates continue to hold or climb from these new levels established in the first week of August, we can expect volume to drop."

The Fed's July decision to raise the Federal Funds Rate has contributed to an eight-month high for mortgage rates. This, coupled with the highest 10-year treasury yield in years and Fitch's recent decision to downgrade the U.S. credit rating, could spell rough seas ahead for the mortgage industry.

This month's MCT Indices also shows a roughly 13% drop in total lock volume from this time last year. However, this morning's August Nonfarm payroll report could be offering signs of hope. "If this morning's indications of a slightly cooling labor market were to persist into the future, this would provide more cover for the Fed to continue to pause and eventually cut rates," said Mr. Rasori.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

Download the full report at: https://mct-trading.com/press-release/july-mortgage-lock-volume-flat-rising-rates-indices-report/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship.

MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MULTIMEDIA:

IMAGE link for media: https://www.Send2Press.com/300dpi/23-0804-s2p-mctaug-300dpi.jpg

Caption: The relatively flat change in volume is likely attributed to seasonal momentum through summer.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a relatively flat .44% increase in mortgage lock volume over the prior month. Visit MCT's site to download the full report.

Related link: https://mct-trading.com/

Monthly Lock Volume Increases 31% in Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a 31% increase in lock volume in June. Visit MCT's website to download the full report.

The increase in June's lock volume activity, which is based on actual locked loans, comes after a 15% drop in May's total lock production.

"We saw originations towards the end of May slow down, so this is likely a summertime pickup in originations," said Andrew Rhodes, Senior Director and Head of Trading at MCT. "Rates, housing supply, and affordability will continue to be the forces behind the lack of new originations."

While the meeting minutes from June's decision to pause hikes show some disagreement, additional rate hikes are expected and may continue to keep origination volume at a new normal.

"The current commentary coming from the Fed puts the market on its heels as there is a potential for another two rate hikes this year," said Rhodes. "With this new narrative, rates will continue to push higher especially if we see another strong labor market read coming out on Friday."

This month's MCT Indices also shows a nearly 8% drop in total lock volume from this time last year. After hitting lows at the beginning of the year for purchase, rate/term refinance, and cash out refinance, each production type continues to creep slowly upward.

As we look into the future, economic reports will continue to have a big impact on the Fed's decision making and market movements.

"If labor markets cool off, that could give the Fed a reason not to raise rates in July," Rhodes continued. "This would provide a nice bounce in the markets, but I'm not holding my breath."

MCT's Rate Lock Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from our national footprint.

Download report at: https://mct-trading.com/press-release/july-mct-lock-volume-indices-report/

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Healdsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a 31% increase in lock volume in June. Visit MCT's website to download the full report. The increase in June's lock volume activity, which is based on actual locked loans, comes after a 15% drop in May's total lock production.

Related link: https://mct-trading.com/

MCTlive! Lock Volume Indices: May 2023 Data

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for May 2023. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The May MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

May MCTlive! Lock Volume Indices shows that overall lock volume had a stronger downturn in May, compared to the lighter downturn in April. Purchase lock activity was down 15.20% compared to April. Rate/term refinance volume was down 21.88%, and cash-out refinance volume was down 21.77%. Lock activity in total was down 15.87% in total compared to April.

In general, May had a stronger downward trend compared to April, but we should see lock activity begin to climb as the Fed decides if they've reached their terminal Fed funds rate and we move into the Spring. As it stands, total lock activity is down 29.09% from last year. Purchase lock activity sits 23.23% lower than at the same point last year. Rate and term refinance volume is down 41.85% from one year ago, and cash-out refinance volume is down 71.83% over that same period.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

* Index values to end May as a percentage benchmarked to the start of the month

Category: Month-Over-Month Index Value Change
Total: -15.87%
Purchase: -15.20%
Rate/Term Refinance: -21.88%
Cash Out Refinance: -21.77%

* Index value change year-over-year

Category: Month-Over-Month Index Value Change
Total: -29.09%
Purchase: -23.23%
Rate/Term Refinance: -41.85%
Cash Out Refinance: -71.83%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) ® has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales.

MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/.

Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for May 2023. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

Related link: https://mct-trading.com/