Author Archives: Mortgage Capital Trading Inc.

MCTlive! Lock Volume Indices: April 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 April 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 April MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

April MCTlive! Lock Volume Indices shows that after an upward trend in March, lock volume decreased slightly across the board for the month. Purchase lock activity was down 3% compared to March, rate/term refinance volume was down 2%, and cash-out refinance volume was down 3.6%. Lock activity in total was down 3% versus March. While there was a slight downturn in April, we should see lock activity begin to trend upward as the Fed reaches the terminal Fed funds rate and we begin to move into the Spring. As it stands, total lock activity is still down 29.75% from a year ago. That is primarily due to a drop off in refinance demand, as purchase lock activity sits 24.6% lower than at the same point last year. Rate and term refinance volume is down 56.87% from one year ago, and cash-out refinance volume is down 65% 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 APRIL AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total -3.07%

Purchase -3.04%

Rate/Term Refinance -2.04%

Cash Out Refinance -3.69%

:: INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total -29.75%

Purchase -24.60%

Rate/Term Refinance -56.87%

Cash Out Refinance -65.07%

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 April 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/

MCT AOT Automation Improves Mortgage Lender Profitability and Investor Efficiency

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has automated the process of digital TBA trade assignment during the loan sale process for both mortgage lenders and participating correspondent investors. This automation makes assignment of trade loan sales (AOTs) faster, more convenient, and easier for investors to offer, and is expected to further expand on the $19.5 million in cumulative savings experienced by MCT's lender clients as a result of AOTs in 2022.

"During a time of extreme pressure on profit margins industry-wide, we're proud of the impact AOT automation has had for our lender and investor clients," shared Justin Grant, Senior Director, Head of Investor Services at MCT. "Based on our conversations with investors who offer AOTs, we estimate MCT lenders represent around ninety percent of AOT executions in the market today."

AOTs are an increasingly popular industry practice that involves three counterparties - mortgage originator, mortgage investor, and broker dealer - transferring loan collateral and hedge positions to a mortgage investor and executing a tri-party agreement. While the AOT process has been automated for MCT mortgage originators for several years, recent improvements to the functionality have automated the process for participating correspondent investors with support from an integration with Agile's TBA platform.

"As a mortgage investor, Village Capital is always looking for ways to integrate technology to improve the price and efficiency for our approved lenders," said Brandon Knudson, VP of National Correspondent Sales at Village Capital. "Full automation of the AOT process allows us to pass along improved execution to our customers as well as improve the efficiency of processing the AOTs. Since everyone is using the same database of record, it greatly reduces any potential errors and speeds up the process of acceptance."

AOTs enable mortgage lenders to save the bid-offer spread on the to-be-announced mortgage-backed securities (TBAs) used to hedge their open mortgage pipeline. Due to market volatility these bid-offer spreads have been historically wide, averaging 11.3 basis points in 2022. Participating MCT lenders saved an average of $97,538 each through AOTs in 2022.

MCT's Investor Services division offers a comprehensive suite of tools for correspondent investors, including AOT automation and support developing new AOT delivery channels. MCT's AutoBid bid tape pricer automates the process of pricing bid tapes and accepting commitments, while Investor Analytics features unique reporting and visualizations designed to optimize investor pricing and build market share. More AOT channels and sharper investor pricing directly benefits MCT's lender clients and allows investors to improve their market share without lowering margins. Contact MCT to learn more about AOT strategy for lenders and investors.

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, announced that it has automated the process of digital TBA trade assignment during the loan sale process for both mortgage lenders and participating correspondent investors. This automation makes assignment of trade loan sales (AOTs) faster, more convenient, and easier for investors to offer.

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

MCTlive! Lock Volume Indices: March 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 March 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 March MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

March MCTlive! Lock Volume Indices show that after a downward trend in February, lock volume increased across the board for the month. Purchase lock activity was up 23% compared to February, rate/term refinance volume was up 39%, and cash-out refinance volume was up 28%. Lock activity in total was up 24% versus February. The fall of Silicon Valley Bank and the expectation of the fed to ease rate hikes resulted in a modest drop in mortgage rates in March. As the fed reaches for its terminal fed funds rate and we begin moving into the spring, we should see the affect on purchase activity. As it stands, total lock activity is still down 32% from a year ago. That is primarily due to a drop off in refinance demand, as purchase lock activity sits 21% lower than at the same point last year. Rate and term refinance volume is down 63% from one year ago, and cash-out refinance volume is down 75% 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 March as a percentage benchmarked to the start of the month

Category | Month-Over-Month Index Value Change

Total: 24.12%

Purchase: 23.49%

Rate/Term Refinance: 39.17%

Cash Out Refinance: 28.30%

* INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -31.95%

Purchase: -21.19%

Rate/Term Refinance: -63.06%

Cash Out Refinance: -74.99%

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 March 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/

BSI Financial Joins MCT’s Co-Issue Marketplace

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that BSI Financial Services (BSI) has become the latest investor to join BAMCO, MCT's new marketplace for co-issue loan sales. BAMCO brings co-issue transactions directly into MCT's whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

"We're very excited about having BSI on BAMCO as we move toward realizing MCT's vision of every loan being priced to every investor," said Justin Grant, Senior Director, Head of Investor Services at MCT. "Historically, lenders have had far more whole loan outlets than co-issue outlets - we're seeking to change that with BAMCO. BSI aids in that goal while bringing their respected process and excellent team."

Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSR to a separate third party, such as BSI Financial. BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers.

While co-issue executions via agency integrations have always been and will continue to be included in lenders' loan sale best execution analysis, BAMCO provides a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.

Larry Goldstone, President of BSI Financial Services said, "BSI is pleased to partner with MCT to further enhance the value that they provide to their clients. Co-issue flow servicing is a very powerful component of the loan sale market, and BSI is pleased to be able to provide servicing sale opportunities to BAMCO clients via its participation in all three co-issue platforms, Fannie Mae SMP, Freddie Mac's CIX and Ginnie Mae PIIT. Co-issue servicing sales greatly simplify the loan sale process directly to the three agencies, thereby simplifying and streamlining the loan sale process. Along with our participation on all three MSR exchanges, BSI stands ready to assist MCT's clients with setting up and participating in the co-issue market. We have dealt with many small to mid-size originators, and pride ourselves on the technology, client and borrower experience that we bring to this market."

BAMCO is a new set of executions within BAM Marketplace, the industry's largest loan exchange which serves MCT's mortgage lender clients. Those seeking more information should contact MCT.

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, announced that BSI Financial Services (BSI) has become the latest investor to join BAMCO, MCT's new marketplace for co-issue loan sales. BAMCO brings co-issue transactions directly into MCT's whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

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

MCTlive! Lock Volume Indices: February 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 February 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 February MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

February MCTlive! Lock Volume Indices show that after an uptick in January, lock volume decreased across the board for the month. Purchase lock activity was down 13% compared to January, rate/term refinance volume was 42%, and cash-out refinance volume was down 25%. Lock activity in total was down 15% versus January. The news may be disappointing, but as the Fed reaches its terminal fed funds rate for this cycle, we should see downward pressure on mortgage rates, which will only help increase origination activity. For added context, total lock activity is still down 54% from one year ago. That is mostly due to a drop off in refinance demand, as purchase lock activity sits 41% lower than at the same point last year. Rate and term refinance volume is down 86% from one year ago, and cash-out refinance volume is down 87% 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 February as a percentage benchmarked to the start of the month

Category | Month-Over-Month Index Value Change

Total: -15.19%

Purchase: -13.51%

Rate/Term Refinance: -42.28%

Cash Out Refinance: -25.40%

* INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -53.71%

Purchase: -40.60%

Rate/Term Refinance: -85.70%

Cash Out Refinance: -87.04%

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 February 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/

MCTlive! Lock Volume Indices: January 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 January 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 January MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

January MCTlive! Lock Volume Indices show that lock volume increased across the board for the month. Purchase lock activity was up nearly 110% compared to December, rate/term refinance volume was up 124%, and cash-out refinance volume was up 93%. Lock activity in total was up 109% versus December. Though December lock activity is traditionally low, with many people focused on the holidays during the final week of the month, the lock figures for January clearly show some positive rate elasticity. As the Fed reaches its terminal fed funds rate for this cycle, we should see downward pressure on mortgage rates, which will only help increase origination activity. For added context, total lock activity is still down 54% from one year ago. That is mostly due to a drop off in refinance demand, as purchase lock activity sits 36% lower than at the same point last year. Rate and term refinance volume is down 84% from one year ago, and cash-out refinance volume is down 86% over that same period. Please note that, for the first time, MCT is including composite volume across lock type. Purchase locks accounted for 88% of total lock volume for the month, cash-out refinances comprised 8%, and rate/term refinances continue to display dismal volume, registering at 4% of total locks.

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 January as a percentage benchmarked to the start of the month

Category | Month-Over-Month Index Value Change

Total: +108.99%

Purchase: +109.75%

Rate/Term Refinance: +109.75%

Cash Out Refinance: +92.60%

:: INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -53.85%

Purchase: -35.89%

Rate/Term Refinance: -83.86%

Cash Out Refinance: -86.48%

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, Calif., 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 January 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/

MCT First to Integrate with Freddie Mac’s Income Limits API

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, is pleased to announce it is the first secondary marketing platform to integrate with Freddie Mac's Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Income Limits allows for the accurate pricing of Credit Fee in Price (Exhibit 19, or "Credit Fees") waivers. This is the latest in a series of successful API integrations between MCT and Freddie Mac, and helps promote both pricing transparency and housing affordability.

The API, a critical technological advancement for AMI-based pricing, allows the connecting party (either a lender or Secondary Markets Advisor (SMA)) to send income information and the property address through the API to return an answer on whether the borrower qualifies for the Credit Fees waiver. The API provides a more accurate confirmation than can be derived with a ZIP code estimation. The Credit Fees waiver is based on borrower income being less than 100% of AMI, and the API can also confirm whether the subject property is in a high-cost county, which allows for 120% of AMI. Other Duty to Serve elements are supported in this API, including rural and high needs rural areas.

"Freddie Mac continues to be incredibly responsive from a service standpoint for lenders and vendors, as well as from a capital markets technology standpoint," said MCT COO, Phil Rasori. "Freddie Mac values relationships and rapid innovation, both of which have become more critical with affordability issues, due to high interest rates and home prices plaguing the mortgage industry despite the robust credit profiles of potential borrowers."

As a refresher, a borrower's annual qualifying income must be less than or equal to 80% of the AMI for the location of the mortgaged premises for the loan to be eligible under Freddie Mac Home Possible®, Freddie Mac's flagship mortgage product. For Freddie Mac Refi PossibleSM mortgages, the borrower's annual qualifying income must be less than or equal to 100% of the AMI for the location of the mortgaged premises for the loan to be eligible. The Federal Housing Finance Agency (FHFA) directive included a key piece on Credit Fees waivers for first-time home buyers in cases where borrower income was less than or equal to 100% of AMI in the subject property census tract or 120% of AMI for high-cost areas.

Previously, price differences and best execution were difficult and tedious to calculate for lenders, as the MSA census tract (which goes within the ZIP code) for the given property address had to be geocoded into the loan file. The AMI API returns eligibility automatically from Freddie Mac's database after the subject property address and borrower income are entered, enabling lenders to accurately price Credit Fees waivers. This API is the latest in a series of enhancements to pricing, benefitting and incentivizing borrowers at a time when affordability in the housing market has waned.

MCT thanks Freddie Mac for bringing the Income Limits API to market in its Developer Portal, enabling MCT to be the first secondary market platform to put this API into production. As the most active user of the API, MCT is happy to offer this technology to clients, allowing for more accurate and transparent pricing which ultimately passes through to the borrower.

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.

Media Contact:

mct@fullyvested.com

RELATED LINKS:

https://guide.freddiemac.com/app/guide/exhibit/19

https://mct-trading.com/software/freddie-mac-integrations-for-mutual-clients/

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, is pleased to announce it is the first secondary marketing platform to integrate with Freddie Mac's Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Income Limits allows for the accurate pricing of Credit Fee in Price (Exhibit 19, or "Credit Fees") waivers.

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

MCTlive! Lock Volume Indices: December 2022 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 December 2022. 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 December MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

December MCTlive! Lock Volume Indices show that year-over-year total lock volume (-67.5 percent) continues to drop, as expected, when compared to activity in 2021. Both the month-over-month rate/term refinance lock figure and purchase index decreased for the third consecutive month. Total mortgage rate locks by dollar volume decreased 19.8 percent month-over-month in December. Cash out refinances are down 23.5 percent month-over-month and from one year ago volume is down 90.0 percent, while rate/term refinance volume has dropped 93.3 percent from 2021. Please note that loan sizes were up more than 8 percent over the past year, with the average loan amount increasing from to $320k.

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 DECEMBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -19.81%

Purchase: -19.69%

Rate/Term Refinance: -17.01%

Cash Out Refinance: -23.46%

* INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -67.45%

Purchase: -50.10%

Rate/Term Refinance: -93.28%

Cash Out Refinance: -90.04%

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.

To find the December report, please visit: https://mct-trading.com/mctlive-lock-volume-indices-december-2022-data/

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 December 2022. 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/

MCTlive! Lock Volume Indices: November 2022 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 November 2022. 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 November MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

November MCTlive! Lock Volume Indices show that year-over-year total lock volume (-60.9 percent) continues to drop, as expected, when compared to activity in 2021. Both the month-over-month rate/term refinance lock figure and purchase index decreased for the second consecutive month. Total mortgage rate locks by dollar volume decreased 28.6 percent month-over-month in November. Cash out refinances are down 24.4 percent month-over-month and from one year ago volume is down 86.8 percent, while rate/term refinance volume has dropped 92.0 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

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 NOVEMBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -28.62%

Purchase: -29.28%

Rate/Term Refinance: -16.76%

Cash Out Refinance: -24.43%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -60.88%

Purchase: -44.38%

Rate/Term Refinance: -91.96%

Cash Out Refinance: -86.79%

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 November 2022. 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/

MCT Launches BAMCO: Co-issue Loan Sale Marketplace for Shadow Pricing and Unique Executions

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party. BAMCO brings co-issue transactions directly into MCT's whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

"BAMCO is the latest step toward realizing MCT's vision of every loan being priced to every investor, supporting true best execution for sellers and a more efficient market for borrowers," said Justin Grant, Senior Director, Head of Investor Services at MCT. "Historically, lenders have had far more whole loan outlets than co-issue outlets - we're seeking to change that with BAMCO."

BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers.While co-issue executions via agency integrations have always been and will continue to be included in lenders' loan sale best execution analysis, BAMCO brings in a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.

In recent years, both Fannie Mae and Freddie Mac have pushed the market for co-issue loan sales forward with new servicing exchanges.This has supported the growth of co-issue transactions to represent 16% of all loan sales by MCT's lender client base in 2022. BAMCO supports and expands upon the functionality provided by the agencies to facilitate live shadow pricing, more granular MSR bids, and expanded outlets over time. BAMCO serves agency sellers within the MCT hedge client base, particularly those not currently taking advantage of co-issue executions, while offering an opportunity for co-issue buyers to attract more sellers and provide more granular pricing.

BAMCO is a new set of executions within BAM Marketplace, the industry's largest loan exchange which serves MCT's three hundred mortgage lender clients. BAMCO is the latest in a series of groundbreaking innovations from MCT, from their original focus on best execution analysis to more recent rollouts such as electronic TBA trading and automation for Assignment-of-Trade (AOT) transactions.

"Given the advancement of BAMCO technology, MCT brings incredible selling efficiencies and pricing resources to the industry," shared Chris King, SVP of Business Development at Mr. Cooper. "Mr. Cooper is excited to be a first adopter of BAMCO and we look forward to working with our clients, MCT, and the agencies to further the expansion of co-issue sales."

There is no additional cost for MCT hedging clients to use BAMCO, which was released as part of their normal best execution loan sales process earlier this week.

Interested parties can register to attend MCT's upcoming BAMCO webinar to be held December 7, 2022: https://mct-trading.com/webinar-bamco-coissue-marketplace/

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, announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party.

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

MCT Expands Investor Services Team by Appointing Jennifer Kennelly as Senior Director

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales, and centralized lock desk services, announced today that Jennifer Kennelly has been appointed as the new Senior Director of MCT's quickly expanding Investor Services team. Jennifer will leverage her unique background to grow MCT's Bid Auction Manager (BAM) Marketplace™, the nation's first open mortgage loan exchange where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform.

Jennifer's 25 years of experience in diverse roles within the mortgage industry, including Freddie Mac, Compass Analytics, and LoanCare, will help grow MCT's extensive network of buyers and sellers. Having worked through various market conditions since the late 1990s, she is highly familiar with market volatility, industry disruptors, technology advancements, and evolving innovation that will prove helpful in today's current market environment. She has gained hands-on skills from working directly and indirectly in all aspects of the mortgage industry, with her primary focus being capital markets.

At MCT, Jennifer joins the Investor Services group to help investors expand their reach with sellers in a more efficient way than what has been traditionally possible, while eliminating barriers to entry and optimizing execution options. Her experience and contacts will help to further increase the liquidity sellers on MCT's BAM Marketplace™ platform have enjoyed both by broadening the scope of traditional buyers as well as sourcing novel buyers.

"We're extremely excited to have Jennifer join our Investor Services team and bring her skills to the table to continue the growth of BAM Marketplace," shared Justin Grant, Senior Director, Head of Investor Services at MCT. "Already the only exchange of its kind, we have a great vision of what we know BAM Marketplace can be for buyers and sellers in the secondary market and Jennifer is uniquely qualified in bringing that to fruition."

MCT initially launched BAM Marketplace™ in 2020 to support sellers during the pandemic. Now, this innovative product is revolutionizing the marketplace and creating boundless opportunities for buyers and sellers experiencing limited liquidity and slow turn times for pricing. Jennifer will unlock potential by helping traditional, and nontraditional buyers of whole loans to leverage MCT's technology for increased market share and revenue.

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/.

Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales, and centralized lock desk services, announced today that Jennifer Kennelly has been appointed as the new Senior Director of MCT's quickly expanding Investor Services team.

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

MCTlive! Lock Volume Indices: October 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- 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 October 2022. 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 October MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

October MCTlive! Lock Volume Indices show that year-over-year total lock volume (-60.4 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. While last month saw both the month-over-month rate/term refinance lock figure and purchase index increase, those figures were down 28.9 percent and 15.8 percent, respectively. Total mortgage rate locks by dollar volume decreased 17.1 percent month-over-month in October. Cash out refinances are down 27.6 percent month-over-month and from one year ago volume is down 87.2 percent, while rate/term refinance volume has dropped 93.2 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

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 OCTOBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -17.08%

Purchase: -15.84%

Rate/Term Refinance: -28.92%

Cash Out Refinance: -27.57%

:: INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -60.36%

Purchase: -42.19%

Rate/Term Refinance: -93.20%

Cash Out Refinance: -87.21%

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/.

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 October 2022. 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/

San Diego Business Journal Again Names MCT® As Best Places To Work 2022

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), an industry-leading capital markets advisory firm, announced that it has been named Best Places to Work 2022 by the San Diego Business Journal (SDBJ). MCT was ranked number seven 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.

Founded in 2001 and headquartered in downtown San Diego, MCT has grown from a pipeline hedging services specialist into a fully-integrated provider of capital markets services and software. MCT employs over 100 people and has continued to grow despite the pandemic. The company's leadership group has made it a point of pride to always go beyond the call of duty to take care of all staff needs.

"We are excited to announce that MCT has once again earned this award and climbed the ranks as one of San Diego's Best Places to Work," said Chad Campora, Head of Human Resources. "This year we feel extremely grateful to join all the other great companies in San Diego to achieve this feat as we tackle one of the toughest years in the history of mortgage markets.

"We take great pride in the respect, trust and commitment each MCT team member shows every day. We want work to be an enjoyable and purposeful part of life with a focus on wellness, connection, and ultimately nurturing a culture of our mission and values."

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 a virtual 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/events/2022_best_places/

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/.

Mortgage Capital Trading, Inc. (MCT®), an industry-leading capital markets advisory firm, announced that it has been named Best Places to Work 2022 by the San Diego Business Journal (SDBJ). MCT was ranked number seven 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.

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

MCTlive! Lock Volume Indices: September 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- 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 September 2022. 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 September MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

September MCTlive! Lock Volume Indices show that year-over-year total lock volume (-48.5 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. However, both the month-over-month rate/term refinance lock figure (up 33.0 percent) and purchase index (up 6.3 percent) increased in September. Total mortgage rate locks by dollar volume decreased 5.4 percent month-over-month in September. Cash out refinances are down 10.7 percent month-over-month and from one year ago volume is down 80.6 percent, while rate/term refinance volume has dropped 92.9 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

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 SEPTEMBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: +5.44%

Purchase: +6.31%

Rate/Term Refinance: +32.98%

Cash Out Refinance: -10.66%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -48.48%

Purchase: -20.5%

Rate/Term Refinance: -92.89%

Cash Out Refinance: -80.56%

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/.

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 September 2022. 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/

MCTlive! Lock Volume Indices: August 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- 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 August 2022. 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 August MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

August MCTlive! Lock Volume Indices show that year-over-year total lock volume (-53.0 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. After the month-over-month rate/term refinance lock figure increased 11 percent in August due to a slight drop in mortgage rates, the index was down 46 percent in August. Total mortgage rate locks by dollar volume decreased 28.5 percent in August, with purchase locks declining 27.8 percent month-over-month and 23.4 percent from a year ago. Cash-out refinances are down 5.3 percent month-over-month. From one year ago, cash-out refinance volume is down 80.0 percent, while rate/term refinance volume has dropped 95.2 percent. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

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 AUGUST AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -28.45%

Purchase: -27.82%

Rate/Term Refinance: -28.38%

Cash Out Refinance: -46.01%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -53.02%

Purchase: -23.36%

Rate/Term Refinance: -95.16%

Cash Out Refinance: -79.99%

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/ or call (619) 543-5111.

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 August 2022. 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/

INC. 5000 Ranks MCT® On Its 2022 Fastest Growing Private Companies List For 11th Time

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Inc. 5000 named MCT to its 2022 list of winners for the nation's fastest-growing private companies. MCT ranked number 4713 with three-year sales growth of 90% percent. This is the second year in a row that MCT made Inc. 5000's list and the company's 11th year making the list since its inception.

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

"MCT is delighted to be recognized, once again, as one of the most successful independent, small, and midsized businesses in America," said Curtis Richins, President and CEO of MCT. "It is our 11th time winning this prestigious award in nearly as many years, and all the credit should be attributed to our dedicated, intelligent, and caring team members who go above-and-beyond each day for our clients. They embody MCT's tag line as 'your trusted capital markets partner.' We are also grateful that mortgage lenders of all sizes and an ever-growing cohort of investors have selected MCT as their secondary partner."

"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "We're thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."

Not only have the companies on the 2022 Inc. 5000 been highly competitive within their respective markets, but this year's list also proved especially resilient and flexible given the unprecedented challenges these past few years. Among the 5,000 companies honored in 2022, the average median three-year growth rate was 230%, and the total revenue was $317.6 billion. Together, those companies added more than 1,179,282 jobs over the past three years.

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.

Inc. 5000 Methodology:

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Inc. 5000 named MCT to its 2022 list of winners for the nation's fastest-growing private companies. MCT ranked number 4713 with three-year sales growth of 90% percent. This is the second year in a row that MCT made Inc. 5000's list and the company's 11th year making the list since its inception.

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

MCTlive! Capital Markets Platform Becomes First to Integrate with Freddie Mac’s Whole Loan Purchase Advice Seller API

SAN DIEGO, Calif. /ScoopCloud/ -- MCT's award-winning capital markets platform, MCTlive!, is the first to integrate with Freddie Mac's Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Freddie Mac purchase data directly, instead of waiting to run reports through a Loan Origination System (LOS).

By removing manual data entry into the LOS the connection to this API will provide more accurate and timelier 'Held For Sale' reporting. The integration also allows MCTlive's Loan Commitment Tracker to automatically draw down outstanding commitments as loans are purchased by Freddie Mac.

"We really appreciate Freddie Mac on their continued drive to improve the efficiency in which data is communicated back to lenders," said Paul Yarbrough, Senior Director of MCT's Client Success Group. "With Freddie's new Cash Settlement Purchase Statement API, MCT clients are now able to automatically pull in any purchase advice statements posted by Freddie Mac. Subsequently, MCT clients can utilize our state-of-the-art data writeback to update the LOS quicker and more accurately saving the valuable time of critical staff at the lender."

As a top purchaser of whole loans from the MCT lender client base, integrating with the Freddie Mac Whole Loan Purchase Advice Seller API completes a large step in MCT's roadmap for automating and independently verifying performance reporting. MCT is in the process of working with many whole loan buyers to automate the delivery of their purchase advices into MCTlive! Please contact MCT today to start the process of automating the delivery of purchase advices for whole loan buyers and sellers.

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.

MCT's award-winning capital markets platform, MCTlive!, is the first to integrate with Freddie Mac's Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Freddie Mac purchase data directly, instead of waiting to run reports through a Loan Origination System (LOS).

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

Mortgage Women Magazine Names Natalie Arshakian as a 2022 Mortgage Star

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that National Mortgage Professional's Mortgage Women Magazine selected Natalie Arshakian, Senior Director and Head of Lock Desk Operations at MCT, to its annual 2022 Mortgage Star Awards.

This year's award recognizes 31 women who rise above the rest to do more for their clients, serve as better mentors, and are committed to making the industry more welcoming through both traditional and creative ways. Mortgage Women Magazine selected this year's Mortgage Stars by analyzing each individual's accomplishments, their philosophies, the way they support those around them, and how they inspire others to better themselves.

The class of women listed as 2022's Mortgage Stars shared their personal stories of their successes, experiences, advice, and solutions via the July 2022 Issue of Mortgage Women. Many of them started in entry-level positions and rose to prominent leadership roles, including Natalie Arshakian.

In a conversation with Mortgage Women Magazine, Arshakian shared that she hopes to lead by example, "so that women know that there is a spot for them at the table." Arshakian believes female mentors are critical to success, as they are "living proof that being a successful woman is achievable and that those who are driven should aim high."

Arshakian believes that initiative and self-motivation are the two most significant contributors to her success and encouraged women starting their careers in the mortgage industry to "find someone successful that you admire and ask how they got their start and what they did to become successful." Arshakian further emphasized that the significant change she'd like to see in the mortgage industry is more collaboration among secondary mortgage market leaders, investors, and technology platforms to enhance the user experience and offer more efficient processes industrywide.

Arshakian has over ten years of experience working in financial services and holds a B.A. in Political Science from UCLA. Arshakian's expertise lies in the areas of locking, pricing, data analysis, team leadership, mentoring, pipeline building, internal process creation, risk management, and auditing. Currently, she leads and mentors a team of over 40 analysts who provide services to over 65 clients that lock over $7 billion a month.

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.

About National Mortgage Professional:

National Mortgage Professional focuses exclusively on the mortgage industry. From daily news feeds to specialty newsletters, from magazines to webinars, from in-person events to Facebook Live interactions, National Mortgage Professional dominates the market for mortgage insight. Their publications - NMP, Mortgage Banker and Mortgage Women - have been must-read magazines for decades.

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that National Mortgage Professional's Mortgage Women Magazine selected Natalie Arshakian, Senior Director and Head of Lock Desk Operations at MCT, to its annual 2022 Mortgage Star Awards.

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

Mortgage Professional America Magazine Names Natalie Arshakian to List of Elite Women For 2022

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Natalie Arshakian has been selected to Mortgage Professional America (MPA) magazine's list of Elite Women in Mortgage for 2022. The annual awards, now in their sixth year, celebrate 67 successful women who are taking on gender inequality in leadership by continuously challenging societal expectations. These women don't let unconscious biases prevent them from breaking the mold as they rewrite the rules and work to make the mortgage industry more inclusive for all people, no matter their gender identity.

Natalie Arshakian, Senior Director of LockCentral at MCT, is an exceptional female leader working in a role that beneficially impacts the mortgage industry. Arshakian started as an entry-level analyst at MCT, and within five years, she was promoted six times to her current position. She has over seven years of experience working in financial services and holds a foundational B.A in Political Science from UCLA. Arshakian's expertise lies in the areas of locking, pricing, data analysis, team leadership, mentoring, pipeline building, internal process creation, risk management and auditing.

Arshakian leads and mentors a team of 35 analysts who provide services to over 65 clients that lock over $7 billion a month. Arshakian's Lock Desk employee training program, commonly called Secondary Boot Camp, has provided a foundation of knowledge that has led to numerous growth opportunities within the secondary mortgage market. Her training and mentorship have enabled dozens of analysts to move from the Lock Desk into Trading, MSR, Programming, and Sales divisions at MCT. She has been instrumental in building the largest outsourced lock desk service provider in the nation.

MPA's Elite Women program is now in its sixth year. Nominators were asked to describe the nominee's standout professional achievements over the past 12 months, along with their contributions to diversity and inclusion in the industry and how they've given back through volunteer roles and charity work. After a thorough review of all the nominations, the MPA team narrowed down the list to the final 67 Elite Women who have made their mark on the industry.

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.

About Mortgage Professional America:

Mortgage Professional America (MPA) is the mortgage & finance industry's trusted source of news, opinion and analysis. MPA provides a real-time web service that keeps time-poor mortgage & finance professionals up to date with the latest breaking news, cutting-edge opinion, and expert analysis affecting both their business, and their industry as a whole.

RELATED LINKS:

https://mct-trading.com/solutions/mortgage-hedging/

https://www.mpamag.com/us/best-in-mortgage/elite-women-2022/411498

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Natalie Arshakian has been selected to Mortgage Professional America (MPA) magazine's list of Elite Women in Mortgage for 2022. The annual awards, now in their sixth year, celebrate 67 successful women who are taking on gender inequality in leadership by continuously challenging societal expectations.

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

MCTlive! Lock Volume Indices: July 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- 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 July 2022. 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 July MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

July MCTlive! Lock Volume Indices show that year-over-year total lock volume (-46.5 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. However, the month-over-month rate/term refinance lock figure is up 11 percent versus June 2022 due to the recent bond market rally. Total mortgage rate locks by dollar volume decreased 1.5 percent in July, with purchase locks also declining 1.5 percent month-over-month and 8.9 percent from a year ago. Rate/term refinances are down 11.4 percent and cash out refinances are down 5.3 percent month-over-month. From one year ago, cash out refinance volume is down 77.9 percent, while rate/term refinance volume has dropped 94.2 percent. Given rate/term refinance volume was already down 90 percent year-over-year in the June MCTlive! Lock Volume Indices, this month's drop does not change the total much. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

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 JULY AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -1.50%

Purchase: -1.50%

Rate/Term Refinance: 11.36%

Cash Out Refinance: -5.28%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -46.53%

Purchase: -8.94%

Rate/Term Refinance: -94.17%

Cash Out Refinance: -77.87%

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/ or call (619) 543-5111.

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 July 2022. 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/

Mortgage Banker Magazine Names Curtis Richins on Legends of Lending List

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Curtis Richins, President of MCT, has been selected to Mortgage Banker Magazine's inaugural "Legends of Lending" list. The magazine's inaugural class was compiled to highlight the most talented, ambitious, and legendary individuals who are achieving excellence and making a difference in the mortgage industry.

As part of the selection, Mr. Richins was asked to share what he views as his most "legendary" value, which he described as being a "learn-it-all" rather than a know-it-all. "I am constantly seeking input and advice from the people around me to gather all the facts before coming to a decision," he continued. "I value a team-oriented approach rather than an individual one when it comes to matters both at work and in my personal life," stated Richins. This approach is what inspires him to continually seek out new ideas that will push MCT forward.

Mr. Richins was also asked to offer his thoughts on the main problems facing the mortgage industry today and how he hopes to address them, which he identified as bouts of illiquidity and price dislocation that can have a dramatic and negative impact on market participants.

"In response to this market dislocation, MCT created a digital whole loan marketplace to connect buyer and seller regardless of approval status, creating an important new pool of liquidity for sellers," he explained. "Out of the crisis, BAM Marketplace was born and has now become the largest digital whole loan marketplace with more than $1 billion in whole loans auctioned on the platform."

"The mortgage industry continues to make huge strides in automating and digitizing all aspects of the mortgage value change," explained Richins. When asked for his thoughts on the future of the industry, he hopes the same innovation will translate to the secondary market in the coming years. Those interested in learning more about the features and benefits of MCT's award-winning technology, services, and leadership team are encouraged to contact MCT for more information.

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.

RELATED LINKS:

https://mct-trading.com/bam-marketplace-loan-exchange/

https://nationalmortgageprofessional.com/magazine/mortgage-banker-magazine/legends-lending/digital-edition

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Curtis Richins, President of MCT, has been selected to Mortgage Banker Magazine's inaugural "Legends of Lending" list. The magazine's inaugural class was compiled to highlight the most talented, ambitious, and legendary individuals who are achieving excellence and making a difference in the mortgage industry.

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

MCTlive! Lock Volume Indices: June 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- 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 June 2022. 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 June MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

June MCTlive! Lock Volume Indices show that that total mortgage rate locks by dollar volume decreased 3.8 percent in June, and total lock volume is down 32.0 percent from a year ago as purchases continue to make up most originator volume. Purchase locks declined 1.63 percent month-over-month, but a mere 4.6 percent from a year ago. The increase in mortgage rates is also evident as refinance volume continues to fall. Rate/term refinances are down 12.4 percent and cash out refinances are down 18.7 percent month-over-month. From one year ago, cash out refinance volume is down 64.5 percent, while rate/term refinance volume has dropped 90.4 percent. Given rate/term refinance volume was already down 90 percent year-over-year in the May MCTlive! Lock Volume Indices, this month's drop does not change the total much. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

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: -3.83%
Purchase: -1.63%
Rate/Term Refinance: -12.43%
Cash Out Refinance: -18.74%

INDEX VALUE CHANGE YEAR-OVER-YEAR
Category | Year-Over-Year Index Value Change
Total: -32.03%
Purchase: -4.63%
Rate/Term Refinance: -90.39%
Cash Out Refinance: -64.47%

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/ or call (619) 543-5111.

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 June 2022.

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

New MSR Technology Empowers MSR Buyers with Live Loan-Level Pricing

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, has announced today a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT's state-of-the-art MSR valuation platform to clients' systems for more precise and accurate loan-level pricing in real time.

Especially in a volatile climate, every basis point counts. MCT's objective is to ensure that its software additions drive more profitability and increase efficiencies. With MCT's new API, users can effectively develop a pricing strategy that includes key loan-level characteristics, such as property location, FICO, loan-to-value (LTV), and much more in real-time to evaluate a comprehensive set of data that contributes to a winning pricing strategy.

The key takeaway of this new functionality is how it informs users and helps servicing buyers avoid over-paying for potentially underperforming assets. The software provides a more prudent, thoughtful, and strategic approach achieved by leveraging a granular set of data which will result in fewer missteps. The system's functionality provides insight for the servicing buyers to ensure that the pricing levels on a loan-by-loan basis are appropriate and justified.

"The competitive landscape has exposed the challenges with applying static multiples across all LTVs and FICOs and has heightened the importance of a more strategic pricing strategy," shared Bill Shirreffs, Head of MSR Services and Sales Operations at MCT. "MCT's MSRlive! API is specifically designed to provide granular, loan-level, MSR pricing based on your cost assumptions and return expectations. Ultimately, giving you more confidence."

This technology is available to MSR buyers that want to receive more granular pricing for their MSR bidding today. Connect with MCT to start securing company profitability with a wide array of software systems and expert consultants.

Learn more: https://mct-trading.com/contact/

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/ or call (619) 543-5111.

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, has announced today a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT's state-of-the-art MSR valuation platform to clients' systems for more precise and accurate loan-level pricing in real time.

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

MCTlive! Lock Volume Indices: May 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- 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 2022.

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, which include an adjustment for the Memorial Day Holiday, show that that total mortgage rate locks by dollar volume decreased 10.6 percent in May, and total lock volume is down 29.5 percent from a year ago as purchases now make up most of the volume. Rapid rises in rates have kept would-be borrowers on the sidelines in 2022, and we saw declines in all three lock categories.

Purchase locks are now on the decline, down 1.78 percent month-over-month and 10.1 percent from a year ago. The increase in mortgage rates is also evident as refinance volume continues to fall. Rate/term refinances are down 29.6 percent and cash out refinances are down 9.0 percent month-over-month. From one year ago, cash out refinance volume is down 57.5 percent, while rate/term refinance volume has dropped 90.0 percent. Given rate/term refinance volume was already down 88 percent year-over-year in the April MCTlive! Lock Volume Indices, this month's drop does not change the total much.

Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

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: -10.65%

Purchase: -10.11%

Rate/Term Refinance: -29.57%

Cash Out Refinance: -8.99%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -29.54%

Purchase: -1.78%

Rate/Term Refinance: -90.03%

Cash Out Refinance: -57.52%

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/ or call (619) 543-5111.

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 2022.

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

MCTlive! Lock Volume Indices: April 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leading pipeline hedge advisory in the residential mortgage industry, is pleased to announce the introduction of new MCTlive! Mortgage Lock Volume Indices to help all industry participants better understand key trends in the mortgage industry. As the company serving more lenders with hedging and pipeline management solutions than any other single provider, MCT is uniquely positioned to capture data and understand macro trends in the industry. MCT-collected statistics are also unique to the industry given the diversity in lender size across its client base.

This data represents a broad and balanced cross section of several hundred lenders of various sizes and business models in the mortgage industry across retail, correspondent, wholesale, and consumer direct channels. Taking this broad based, diverse, and representative view of entire market, it provides a more accurate picture of what is happening in mortgage originations than indices are influenced by mega lenders. MCT will be publishing the MCTlive! Mortgage Lock Volume Indices on a monthly basis, intended to serve as an enduring data tool for industry participants, analysts, and watchers.

MCTlive! Mortgage Lock Volume Indices are based on actual dollar volume of locked loans, not numbers of applications, therefore providing a much more accurate picture of industry lock activity than other surveys or application data. The data is also broken out by transaction type: purchase, rate/term refinance, and cash out refinance. Especially in a tight purchase market, applications are a less reliable metric for the mortgage industry as there is a higher likelihood of having multiple applications per funded loan. 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.

Covering the period from April 1 through April 30, 2022, this inaugural MCTlive! Lock Volume Indices shows that total mortgage rate locks by dollar volume decreased 5.0 percent in April, and lock volume is down 25.4 percent from a year ago. Purchase locks are up 2.2 percent over the course of the month and 7.55 percent from one year ago, a bright spot even as mortgage rates have increased rapidly in 2022. That increase in mortgage rates is evident in the refinance figures, as rate/term refinances are down 36.4 percent and cash out refinances are down 31.1 percent month-over-month. From one year ago, cash out refinance volume is down 51.7 percent, while rate/term refinance volume has dropped 89.2 percent.

INDEX VALUES TO END APRIL AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH:

Category | Month-Over-Month Index Value Change

Total: -5.00%

Purchase: 2.22%

Rate/Term Refinance: -36.35%

Cash Out Refinance: -31.10%

INDEX VALUES YEAR-OVER-YEAR:

Category | Year-Over-Year Index Value Change

Total: -25.39%

Purchase: 7.55%

Rate/Term Refinance: -89.23%

Cash Out Refinance: -51.70%

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, Santa Rosa, Los Angeles, and Dallas. 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.

MCT®, the leading pipeline hedge advisory in the residential mortgage industry, is pleased to announce the introduction of new MCTlive! Mortgage Lock Volume Indices to help all industry participants better understand key trends in the mortgage industry.

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

2022 HousingWire Tech100 Mortgage Award Announces MCT As Leader In Innovation

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, was announced as a 2022 HousingWire Tech100 Mortgage Winner. The Tech100 Mortgage Award spotlights innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes. MCT achieved several company milestones throughout the past year by launching and enhancing several technology solutions and services which helped the company earn a spot on the latest Tech100 list.

MCT was measured on the company's key technology, quantifiable metrics and client impact. It's increasingly clear that the winners in today's housing economy have latched onto the concept of sustaining innovation. MCT is listed as one of the companies and solutions demonstrating a new era of innovators that understand the dynamics of the housing industry.

MCT continues to facilitate whole loan liquidity between sellers and buyers of mortgage loans with a new program released in 2020 called BAM Marketplace, a platform within MCTlive!®. It is a truly open loan exchange where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform. Leveraging MCT's patent-pending Security Spread Commitment, BAM Marketplace facilitates bids between unapproved counterparties, which ensures sellers receive more bids and better execution for their loans than anywhere else in the industry. This functionality is providing sellers unique access to a larger group of buyers and resulting in average pickups of almost 23 BPS over cover bids. This technology is resulting in a revolutionary new era of maximized liquidity, eliminated barriers and optimized execution.

"We are thrilled and delighted to be recognized once again by HousingWire for our contributions to the technological advancement of the mortgage industry," said Curtis Richins, President and CEO of MCT. "It wouldn't have been possible without the dedication and intelligence of our outstanding team members, who are committed to supporting clients in the best ways possible, always striving to push the ball of what a trusted capital markets partner can offer. This award is a testament to the hard work and dedication of all our employees."

This feature has 200+ sellers transacting in the marketplace and $7 billion transacted between marketplace buyers and sellers to date. Sellers on BAM Marketplace are experiencing an average pickup of 36 bps on government production, 26 bps on conventional production, 52 bps on government with FICO under 660, 41 bps with a low loan amount (under $200k) and 59 bps on MFG.

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:

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/ or call (619) 543-5111.

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, was announced as a 2022 HousingWire Tech100 Mortgage Winner. The Tech100 Mortgage Award spotlights innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes.

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

Ben Itkin Assumes Sales Leadership Position at MCT

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales and centralized lock desk services, announced today that Ben Itkin has been appointed the new National Sales Director. Mr. Itkin will leverage his hands-on experience from his previous senior role as Managing Director to now lead a larger overall investment in the MCT sales team.

Mr. Itkin assumes an important leadership position that ensures MCT will continue to grow its "in the field" presence and continue to provide industry-leading client experience to over 300 lenders. The appointment is part and parcel of bigger investment in the sales team, which has more than doubled from six Sales Directors, to a team of 13 with the addition of four Capital Markets Technology Advisors and three Regional Account Executives.

"With Tom Farmer's promotion to Chief Investment in Corporate Development Officer overseeing third party collaborations, Ben will assume the leadership of our sales team," said Curtis Richins, President and CEO of MCT. "Ben in this role is exciting because he is widely known and widely respected throughout the industry. He is charismatic, insightful, solutions focused, and people enjoy doing business with him."

The expanded sales team Mr. Itkin now leads is part of MCT's ongoing commitment to client engagement and delivering the best client experience. His objectives are to grow MCT's core business and accelerate adoption of non-hedge products and services. He is also tasked with growing newer offerings including MSRlive!, participation in BAM Marketplace, investor services, and MCTlive!, MCT's award-winning best execution and loan pipeline management software.

"Even though we are coming into a much softer market than we have seen the last three years, success is still the expectation and I look forward to continuing that upward trajectory," said Itkin. "We have a talented, young sales team and I am excited about helping mentor and assist each of them to develop and flourish, ultimately maximizing their potential."

Mr. Itkin brings nearly 30 years of experience in the mortgage industry and 13 years of experience at MCT as a resource in helping sales and organizational initiatives to his new role. He is highly regarded in the mortgage industry, and holds deep knowledge in secondary marketing, loan pricing, and pipeline hedging. He has been instrumental in expanding and working closely with MCT's team of trading analysts to provide hands-on service to clients as well as being instrumental as a sales resource including scratch and dent bidding efforts. Mr. Itkin holds an MBA from California State University, Northridge and is an active member of the Mortgage Bankers Association.

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, Santa Rosa, Los Angeles and Dallas. 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.

RELATED LINKS:
https://mct-trading.com/about/team/ben-itkin/
https://mct-trading.com/solutions/msr-valuation/
https://mct-trading.com/bam-marketplace-loan-exchange/
https://mct-trading.com/solutions/mortgage-hedging/mctlive/

Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales and centralized lock desk services, announced today that Ben Itkin has been appointed the new National Sales Director.

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

MCT Integrates with the Fannie Mae Connect Whole Loan Purchase Advice Seller API

SAN DIEGO, Calif. /ScoopCloud/ -- MCT's award-winning capital markets platform, MCTlive!, is now integrated with the Fannie Mae Connect™ Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Fannie Mae purchase data instantly, instead of waiting to run reports through a Loan Origination System (LOS). The integration also allows MCTlive's Loan Commitment Tracker to automatically draw down outstanding commitments as loans are purchased by Fannie Mae.

"We thank Fannie Mae for again providing leadership in API system to system communication in capital markets. As the largest purchaser of whole loans in the MCT lender client base, integrating to the Fannie Mae Connect Whole Loan Purchase Advice Seller API completes a large step in MCT's roadmap for automating and independently verifying performance reporting," said Phil Rasori, COO of MCT. "By removing manual data entry into the LOS the connection to this API will provide more accurate and timely 'Held For Sale' reporting."

MCT is in the process of working with many whole loan buyers to automate the delivery of their purchase advices into MCTlive! MCT can be contacted to start the process of automating purchase advices for whole loan buyers or sellers.

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, Santa Rosa, Los Angeles and Dallas. 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.

RELATED LINKS:

https://mct-trading.com/solutions/mortgage-hedging/mctlive/

https://mct-trading.com/contact/

MCT's award-winning capital markets platform, MCTlive!, is now integrated with the Fannie Mae Connect™ Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Fannie Mae purchase data instantly, instead of waiting to run reports through a Loan Origination System (LOS).

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

MCT Launches Dynamic Learning Center to Empower Lender Growth and Profitability

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales and centralized lock desk services, announced the debut of its new Learning Center, a one-stop educational content database for each stage of growth of a mortgage lender in the secondary market. With a repository of webinars, technical whitepapers, blog posts, market commentary, and a dictionary of industry terms, the Learning Center grants unparalleled educational access to users looking to expand their knowledge of capital markets.

"We rolled out the Learning Center so that clients and industry professionals alike could gain insights, improve their business operations, and further their understanding of the mortgage industry," said Curtis Richins, President of MCT. "This debut is a significant step forward in our mission to fuel the mortgage industry with transformational capital markets technology and personalized client experience."

The new MCT Learning Center is built around a tailored experience for each individual user. Whether a particular lender is doing best efforts loan sales, supported hedging and mandatory delivery, semi-autonomous hedging and loan sales, autonomous hedging and loan sales, or is fully autonomous with advanced functionality, each growth stage has a robust repository of material designed to advance knowledge and achieve increased profitability. Visitors have the option to take a brief survey to determine their growth stage, or browse MCT's latest featured content for mortgage professionals.

"The complexities of the mortgage secondary market have frequently represented a stumbling block in the growth of lenders and mortgage professionals, sometimes to the benefit of the financial establishment who capitalize on that complexity," said Ian Miller, CMO of MCT. "MCT has achieved a leading role among hedge advisors through transparency and education, and the new Learning Center is the latest incarnation of that mission."

The debut of the Learning Center is the latest in a long line of innovations from MCT. Over the last year, MCT has rolled out BAM Marketplace, the first truly open loan exchange, enhanced best execution with its EBX technology that automates retain-release MSR decisions, and debuted the MCTlive! Pool Optimizer that enables secondary marketing managers to use actual cash window execution for optimization on each individual loan rather than using a dealer survey for spec pay-ups.

While this content recommendation engine is the latest example of MCT's commitment to accessibility in the secondary market, an array of deeper resources is already available exclusively for MCT clients. These include the annual MCT Exchange conference, the MCT University educational webinar series, and MarketFlash email newsletters sharing timely market volatility guidance.

Visit the MCT Learning Center and register for a webinar on January 6 demonstrating the new functionality and collecting topics of interest for future educational resources:

https://mct-trading.com/learn/

https://mct-trading.com/resources-growing-profitability-webinar/

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, Santa Rosa, Los Angeles and Dallas. 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 recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales and centralized lock desk services, announced the debut of its new Learning Center, a one-stop educational content database for each stage of growth of a mortgage lender in the secondary market.

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

MCT Deepens MSR Expertise with Hire of Azad Rafat

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Azad Rafat has joined the company as the new Senior Director of MSR Services. Mr. Rafat will leverage his hands-on experience designing, building and managing mortgage servicing products to help MCT clients achieve their mortgage servicing goals. The hiring of Mr. Rafat ensures MCT continues to meet the increased demand of their MSR products and services.

"Azad is a powerful addition to the fantastic team we've built in MSR. His knowledge base and experience plug right in to our industry leading valuation platform," said Tom Farmer, Managing Director of Sales and Business Development. "He shares the MCT DNA with a passion for innovation and customer service."

This expertise comes at a perfect time for MCT clients. As MSR pricing continues to improve and the need for bulk MSR sales increases, Mr. Rafat's industry expertise can help ensure clients receive the best price for their bulk MSR sales. He will also be able to help clients make important MSR decisions regarding their MSR portfolios.

Mr. Rafat brings to MCT over 30 years of experience in the mortgage industry. He has over 20 years extensive experience in all aspects of mortgage servicing rights valuations, analytics, and risk management of small to some of the largest servicing portfolios. He also spent about 10 years in mortgage servicing acquisitions and sales operations, managing mortgage servicing platforms, and mortgage servicing operations and finance.

"I am honored and excited to work side by side with such talented and innovative group of people," said Azad Rafat. "I look forward to contribute to MCT's continuous growth and success."

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, Herldsburg, 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.

RELATED LINKS:

https://mct-trading.com/about/team/azad-rafat/

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Azad Rafat has joined the company as the new Senior Director of MSR Services.

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

MCT’s Paul Yarbrough is named to HousingWire’s 2021 Insiders Award List

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), an industry-leading mortgage hedge advisory firm, announced that Paul Yarbrough, Director of the Client Success Group, has been named to HousingWire's 2021 Insider Awards list. The list is designed to honor an organization's operational all-stars - those insiders who are the company's best-kept secret, yet vital to its success.

The list is composed of 100 winners from across the country, each of whom were selected by HousingWire's editorial staff based on contributions to their company's success in the last 12 months. The deciding factor to earn a spot on the list was not the winners' job title, but rather the way they performed their job. This year's list of honorees represents a wide range of occupations within the housing economy, from lending and real estate to fintech and capital markets.

"The winners of our Insiders award are an incredible group of doers that we're proud to recognize for their essential contributions to their companies," HousingWire Editor-in-Chief Sarah Wheeler said. "Everyone on this year's list is a crucial part of their company's success and we're honored to give them the spotlight."

As the head of client success, Mr. Yarbrough has been able to grow MCT's dedicated client success team from the ground up by seeking out those who also have experience as clients of MCT. He pushes his team forward through mentorship and training, which he carries over to MCT's clients and investors. This puts him in the unique position of being able to listen to different angles of feedback from clients, traders, and investors. His love for educating, training, and assisting clients and investors has helped him push forward MCT's value of client-first interactions.

"I am humbled to be selected for HousingWire's Insider award. I was in the unique situation of first being an MCT client, then working with MCT so I have a great sense of the client experience. Through that, I am able to pull the collaboration of my team and the support from other MCT divisions that helps me ensure the success for our clients," said Mr. Yarbrough. "Being able to create a service-oriented team environment is the pinnacle of the client success group."

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 Texas. 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.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

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

MULTIMEDIA:

*PHOTO link for media: https://www.Send2Press.com/300dpi/21-0902s2p-MCT-Paul-Yarbrough-300dpi.jpg

Mortgage Capital Trading, Inc. (MCT®), an industry-leading mortgage hedge advisory firm, announced that Paul Yarbrough, Director of the Client Success Group, has been named to HousingWire's 2021 Insider Awards list. The list is designed to honor an organization's operational all-stars - those insiders who are the company's best-kept secret, yet vital to its success.

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

NAMMBA Announces Partnership with MCT

ORLANDO, Fla. /ScoopCloud/ -- The National Association of Minority Mortgage Bankers of America (NAMMBA) announced today a partnership with San Diego based Mortgage Capital Trading (MCT®). The relationship is an important step in both company's efforts to affect positive change - addressing the housing needs of underserved communities as well as encouraging and developing a more diverse work force in the mortgage sector.

"We're extremely excited to partner with MCT, the gold standard for secondary capital markets," said NAMMBA Founder/CEO Tony Thompson, CMB. "Like us, MCT believes in the power of diversity and inclusion and wants its team members to reflect the communities in which it does business. It's gratifying to have MCT's support at our highest sponsorship level."

Specifically, the partnership provides MCT consulting and recruiting resources, as well as access to a network of like-minded mortgage bankers. NAMMBA will tap into MCT's deep secondary expertise. Already, MCT has participated in round tables, webinars, and helped shape NAMMBA's most recent industry survey.

"Through our award-winning MCTlive! technology platform, we're consistently fueling innovation and change within mortgage capital markets. We believe our partnership with NAMMBA is in this same vein," said Curtis Richins, MCT President and CEO. "We are committed to moving the needle with regard to diversity, inclusion, and equality."

According to NAMMBA, over the next five years, 75 percent of all first-time home buyers will be women, millennials or people of color. Although there is concern across the industry about a stagnant or shrinking housing market, purchase mortgage opportunity is not only growing, it's changing. NAMMBA's most recent mortgage market forecast, the three largest diverse borrower groups (Asians, African-Americans, and Hispanics) generated more than $292 billion of purchase opportunity in 2020, which amounts to 24.2 percent of all purchase dollar opportunities.

About NAMMBA

The National Association of Minority Mortgage Bankers of America is a purpose-driven organization that is dedicated to the inclusion of minorities and women in the mortgage industry who are advocates for sustainable homeownership in local communities. To fulfill its mission, NAMMBA provides programs and initiatives to introduce minorities and women into the mortgage industry, including recruiting, advisory, networking and training for enterprises and individual professionals. For more information, visit: http://www.nammba.org

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) is 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 Texas. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

The National Association of Minority Mortgage Bankers of America (NAMMBA) announced today a partnership with San Diego based Mortgage Capital Trading (MCT®). The relationship is an important step in both company's efforts to affect positive change - addressing the housing needs of underserved communities as well as encouraging and developing a more diverse work force in the mortgage sector.

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

MCT Introduces BAM Marketplace, the First Truly Open Mortgage Loan Exchange

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the public introduction of BAM Marketplace™. Originally launched to support existing MCT sellers during the 2020 pandemic liquidity crisis, BAM Marketplace now welcomes new buyers and sellers as the world's first truly open loan exchange between unapproved counterparties.

In the early days of the pandemic, investors bought fewer loans and sellers ran into liquidity issues, especially for specific loan characteristics such as low-FICO government. BAM Marketplace connected distressed sellers with would-be buyers, particularly agency-approved lenders within the MCT client base, some without previous correspondent investing experience. The ability to transact with unapproved counterparties, combined with API-driven automated live pricing, allowed these new buyers to provide a top-tier correspondent experience and quickly build a base of sellers. Today, BAM Marketplace provides quantifiable benefits to lenders of every size for loans of every type.

Sellers benefit by reducing liquidity constraints, growing investor outlets, and increasing loan sale profitability. MCT clients have noted materially improved execution across all loan types. The average spread to cover bids on BAM Marketplace is thirty-two basis points, with that spread extending to forty-six basis points for government production and eighty-nine basis points for low-FICO government loans. Sellers are also finding new outlets for non-owner occupied and second home loans - a key focus area given the new agency limits on such production.

"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. BAM Marketplace targets systemic issues of limited liquidity and slow turn times for pricing and also helps minimize a lender's exposure to crises and regulatory changes," said Curtis Richins, President at MCT. "It's the only loan exchange where sellers can receive executable bids from unapproved buyers. Through our patent-pending '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."

Buyers benefit from BAM Marketplace through efficient access to the industry's largest community of sellers and the ability to bid on loans offered by unapproved lenders. Agency-approved lenders can now find unique buying opportunities, even without the prior experience or cost calculations typically associated with launching a correspondent lending channel. MCT's AutoBidTM bid tape pricing solution supports every BAM Marketplace buyer, allowing them to provide automated, algorithm-based live pricing that can be fine-tuned to each seller and loan characteristic.

"By extending the Bid Auction Manager (BAM®) platform, MCT has unlocked additional liquidity and created a turn-key, digital purchasing solution," said Phil Rasori, Chief Operating Officer, MCT. "Proprietary, patent-pending functionality enables immediate access to 'biddable' loan collateral offered by MCT's client base-the largest in the industry."

For MCT clients, BAM Marketplace is part of our core offering with no additional cost or set-up required. It is also available as a stand-alone platform for non-clients.

On June 10, two of MCT's key innovators, Phil Rasori and Justin Grant, will provide a demonstration of the platform and details on the new security spread commitment type. Registration for the webinar is required and easily completed by visiting the BAM Marketplace Industry Webinar registration page: https://mct-trading.com/mct-webinar-introducing-bam-marketplace/.

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 Texas. 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.

MULTIMEDIA

IMAGE LINK for media: https://www.Send2Press.com/300dpi/21-0520s2p-bam-marketplace-300dpi.jpg

Caption: BAM Marketplace™ is the world's first truly open loan exchange, where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the public introduction of BAM Marketplace™. Originally launched to support existing MCT sellers during the 2020 pandemic liquidity crisis, BAM Marketplace now welcomes new buyers and sellers as the world's first truly open loan exchange between unapproved counterparties.

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

MCT’s Enhanced Best Execution (EBX) Technology Automates MSR Retain-Release Decisions

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading®, Inc. (MCT), the leading mortgage hedge advisory and secondary marketing software firm, announced today their Enhanced Best-Execution (EBX) tool used for MSR retain-release decisions has now automated the function of pulling comprehensive data from MCTlive!® and MSRlive!®. This new automation eliminates the need entirely for secondary marketing professionals to manually upload data and provides users with real-time execution to inform their servicing retain-release decisions.

The release of this new automation marks an industry first, allowing users to analyze loan sale and MSR data for speedy retain-release decisions. With the click of a button, clients can get much more strategic about their servicing decisions than previously possible by better understanding the impact of retaining servicing, including cash break-even point, cash drain and tax implications.

This tool equips clients for advance decision making by leveraging all of the relevant data elements, while the automation quickly analyzes the data and provides a simple, user friendly recommendation.

"The automation of our EBX functionality is instrumental to ensuring our clients can quickly make the most accurate and strategic retain-release decisions, especially during times of increased market volatility," said Phil Laren, Director of MSR Services, MCT. "What was once a cumbersome process has now been completely automated with EBX. With a click of a button, clients obtain valuable insight designed specifically to assist with strategic and thoughtful retain-release decisioning."

EBX is just one of the many tools that MCT offers in addition to support and a dedicated client services team. Visit https://mct-trading.com/, email David Burruss at dburruss@mctrade.net, or call (703) 286-9389 to learn about the numerous functionalities of the platform.

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 Texas. 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.

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

Mortgage Capital Trading®, Inc. (MCT), the leading mortgage hedge advisory and secondary marketing software firm, announced today their Enhanced Best-Execution (EBX) tool used for MSR retain-release decisions has now automated the function of pulling comprehensive data from MCTlive!® and MSRlive!®.

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

MCT Dives into Q2 with Two New Industry Leaders to Support Growth

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced Mike Robertson and Justin Putz have joined the company in the roles of Senior Regional Sales Director and Midwest Regional Sales Director respectively. With over 45 years of experience combined, these two mortgage industry veterans bring a fresh perspective to the company's quickly expanding sales team.

"Mike and Justin are highly regarded mortgage industry professionals," said Tom Farmer, Managing Director of National Sales. "We are excited about their addition to our team and anticipate a tremendous expansion of lender and aggregator client partnerships."

Mike Robertson has worked in the mortgage industry for almost 30 years. For most of that time, he spent it in Correspondent Lending Sales with 23 years of that working for CitiMortgage. Mr. Robertson has had the pleasure of previously working with MCT as a partner and has firsthand experience with MCT's exemplar dedication to customer experience. He is excited to provide the same best-in-class service level and guidance that he himself received in his work with MCT clients. He currently resides in Buffalo, N.Y.

Joining Mr. Robertson on the sales team is Justin Putz who has worked in the mortgage industry for 18 years. He has done everything from operations to retail lending, to correspondent and wholesale, and, most recently, mortgage insurance. As a well-rounded expert, Mr. Putz will be able to educate other lenders on how to become more profitable in their hedging strategies with the best technology that the industry can offer. Mr. Putz currently resides in Minneapolis, Minnesota.

"During my time in the Correspondent Lending and Mortgage industry, I was able to partner with MCT and watch how they worked with their clients, delivering best in class service levels and guidance," Mr. Robertson said, "I feel very fortunate to join the MCT team and hope to continue that culture of client dedication."

Mr. Putz adds, "I love that I was given an opportunity to work with MCT. This allows me learn and to educate our lenders on how to be more profitable with their hedge approach and servicing with the best technology and support in the business."

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, Herldsburg, and Texas. 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.

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

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced Mike Robertson and Justin Putz have joined the company in the roles of Senior Regional Sales Director and Midwest Regional Sales Director respectively.

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