Tag Archives: San Diego Business

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

Long Time Ferret Activist Pat Wright Files Lawsuit Against California Fish and Game Commission President Eric Sklar

LA MESA, Calif. /ScoopCloud/ -- Pat Wright, a resident of La Mesa, California, has filed a lawsuit against Eric Sklar, President of the California Fish and Game Commission in San Diego Superior Court, challenging the arbitrary classification of domestic ferrets as wild animals. The lawsuit, titled Wright v. Sklar, was filed in the San Diego Superior Court and seeks a writ of mandate and declaratory relief. Wright is the founder of LegalizeFerrets.org.

Mr. Wright, acting pro se, asserts that the California Fish and Game Commission's decision to categorize domestic ferrets as wild animals, without conducting thorough (or any) scientific studies or affording meaningful public input, is unjust and lacks a foundation in scientific evidence. The lawsuit alleges that this decision subjects domestic ferrets to unnecessary prohibition and regulatory restrictions.

The lawsuit highlights the fundamental rights at stake, including property rights, due process rights, and the right to have governmental decisions based on scientific evidence. Mr. Wright contends that the Commission's actions represent a clear violation of these rights and are incompatible with legal standards governing the proper classification of domesticated animals.

In response to a motion to demurrer filed by the Attorney General's office on behalf of Mr. Sklar, Mr. Wright has provided a detailed response, citing legal precedents and challenging the grounds for demurrer. He maintains that his petition for a writ of mandate is legally sufficient and urges the Commission to reconsider its intended demurrer.

Mr. Wright emphasizes his commitment to pursuing judicial recourse in a diligent and expedient manner. Despite efforts to secure legal representation, Mr. Wright has been unable to find an attorney, and he encourages any legal assistance or support in this matter.

For further information or inquiries regarding the lawsuit, please contact Wright at 619-303-0645 or via email at CLIFFNotes@legalizeferrets.org.

REF - court document ID: Case No.: 37-2024-00006114-CU-MC-CTL

Pat Wright, a resident of La Mesa, California, has filed a lawsuit against Eric Sklar, President of the California Fish and Game Commission in San Diego Superior Court, challenging the arbitrary classification of domestic ferrets as wild animals. The lawsuit, titled Wright v. Sklar, was filed in the San Diego Superior Court and seeks a writ of mandate and declaratory relief. Wright is the founder of LegalizeFerrets.org.

Related link: https://www.legalizeferrets.org/

MCT Reports A 2% Lock Volume Increase Despite Rising Rates

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

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

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

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

Download MCT May Indices Report:

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

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

About MCT:

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

RELATED LINKS:

https://trade-agile.com/

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

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

Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report

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

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

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

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

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

About MCT:

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

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

MULTIMEDIA:

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

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

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

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

Seasonal Lows Contribute to 13.71% Drop In Mortgage Volume

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

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

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

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

About MCT:

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

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

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

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

The Mortgage Collaborative closes 2023 with record-breaking ’12 Days of TMC’ in time for holiday congratulations

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, has wrapped up its fourth annual 12 Days of TMC, a virtual conference running from November 30 to December 15, 2023. The online event, spread over three weeks, featured several keynote speakers, including:

* Brittany Hodak, a motivational speaker and author of Creating SuperFans, a book Forbes calls "the must-read manual for turning your customers into superfans."

* Naa Awaa Tagoe, deputy director for the Division of Housing Mission and Goals at the Federal Housing Finance Agency (FHFA).

* Mark McArdle, assistant director at the Consumer Financial Protection Bureau (CFPB).

* Julia Gordon, assistant secretary for housing and federal housing commissioner at the U.S. Department of Housing and Urban Development (HUD).

* Sasha Stair, an executive leadership coach and author of The Inside Job.

* Teresa Bryce Bazemore, president and CEO at the Federal Home Loan Bank of San Francisco.

* Michelle Simms-Reiter, founder and CEO of Strive Leadership Development.

* James Tobin, president and CEO of the National Association of Home Builders.

* Dr. Ben Carson, formerly the United States secretary of HUD.

12 Days of TMC first kicked off in 2020 when COVID-19 forced many in-person events to go online. This year's event kicked off with a teaser from TMC's leaders, who promised to deliver "content for every team member" in 2023 -- and they did just that, with sessions covering leadership development, serving underserved communities, pricing engines comparisons, commission structures and many advocacy issues.

For those involved in TMC's 12 working groups, the event featured corresponding topic-specific sessions and a bonus session previewing a new risk and compliance focused group debuting in 2024. Two sessions were dedicated to the group's mortgage learning platform, TMCU, an online training and career enrichment resource.

Members also enjoyed participating in the group's first-ever Solution Sprint, an online pitch-style competition between teams who created solutions to address some of the mortgage industry's most pressing challenges, judged by Housing Finance Strategies' Faith Schwartz, MGIC's Chris Perry and Atlantic Bay Mortgage Group's Julie Watson.

"From the keynotes and friendly competition among peers to the workshops and breakout sessions, we delivered great content from leaders in many sectors of our business and external influencers at a very affordable rate - plus you could tune in from your home or office," said David Kittle, CMB, TMC CEO and co-founder. "Lender members came away with valuable updates and information they'll be able to put to use right away, and, of course, we're already using their comments and feedback to prepare for next year's event."

Upcoming events from TMC can be viewed on the group's calendar.

About The Mortgage Collaborative:

Based in San Diego, California, The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to midsize mortgage lenders across the country to reduce cost, increase profitability and better serve the dynamic and changing consumer base in America.

For more information, visit https://www.mortgagecollaborative.com/.

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, has wrapped up its fourth annual 12 Days of TMC, a virtual conference running from November 30 to December 15, 2023. The online event, spread over three weeks, featured several keynote speakers.

Related link: https://www.mortgagecollaborative.com

Monthly Mortgage Volume Decreases 10.7% In Latest MCT Indices Report

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

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

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

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

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

About MCT:

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

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

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

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

The Mortgage Collaborative Adds Four Mortgage Industry Luminaries to 2024 Management Board of Directors

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, today announced four additions to its 2024 Management Board of Directors:

* Brian Montgomery, Chairman and Founding Partner Gate House Strategies, Former HUD Deputy Secretary

* Julie Piepho, CMB, President & CEO, Milestone Leadership Consulting

* Arthur Prieston, CMB, Chairman Prieston & Associates, LLC

* Melissa Langdale, President & COO, The Mortgage Collaborative

"Providing true leadership in our industry requires meaningful experience, common sense and patience, which speaks directly to the qualifications and contributions of these individuals," said TMC CEO and co-founder David Kittle, CMB. "Leaning in to their guidance and wisdom as advisors to our full Board, I am confident in TMC's mission to help our lender members and partners pursue innovation and remain profitable."

About The Mortgage Collaborative:

Based in San Diego, CA., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America.

For more information, visit: https://www.mortgagecollaborative.com/.

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, today announced four additions to its 2024 Management Board of Directors.

Related link: https://www.mortgagecollaborative.com

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

The Mortgage Collaborative Selects 2024 Board of Directors and Advisory Council

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, today announced its 2024 Board of Directors and Advisory Council.

"I'm proud that we've assembled a remarkably talented and diverse Board at TMC - industry veterans and thought leaders all," said TMC CEO and co-founder David Kittle, CMB. "With the guidance and support from these outstanding leaders in our industry, I am confident that TMC can help our lender members and partner stay innovative and profitable for years to come."

TMC 2024 Board members:

* Chairman: Jim Park, Partner (Co-Founder)

* CEO: David Kittle, CMB, Partner (Co-Founder)

* John Robbins, CMB, Partner (Co-Founder)

* Melissa Langdale, President & COO

* David Liechtfuss, CPA, Audit Committee Chairman

* Brian Montgomery, Chairman and Founding Partner Gate House Strategies, Former HUD Deputy Secretary

* Julie Piepho, CMB, President & CEO, Milestone Leadership Consulting

* Arthur Prieston, CMB, Chairman Prieston & Associates, LLC

* Debra Still, CMB, Vice Chair Pulte Financial Services

TMC 2024 Advisory Council:

* Patty Arvielo, Co-Founder and CEO New American Funding

* Irv Dennis, Former Partner EY / CFO HUD

About The Mortgage Collaborative:

Based in San Diego, California, The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America.

For more information, visit: http://www.mortgagecollaborative.com/

For media queries, contact Depth: https://depthpr.com/contact-us/

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, today announced its 2024 Board of Directors and Advisory Council.

Related link: https://www.mortgagecollaborative.com

TMC Emerging Technology Fund LP Invests in Halcyon

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") has made its latest investment in Halcyon. Halcyon's suite of services provides financial institutions with a 360-degree financial relationship with its customers by affordably expanding their offerings to include investment advisory, IRS transcripts and tax preparation services. Halcyon also introduces an industry-first rep/warranted IRS transcript income validation service at a fraction of the cost and time of any commercially available alternative.

Kirk Donaldson, CEO of Halcyon, said, "Given the immense experience and insight the TMC Emerging Tech Fund and its LPs bring to the table, we are thrilled and honored to secure their investment. Our cutting-edge solutions are designed to address perennial mortgage industry challenges, including lowering closing costs and timeframes while streamlining the borrower experience, which makes us a perfect fit for the Fund."

"We are extremely pleased to add Halcyon to our growing portfolio of mortgage tech leaders. Halcyon has realized significant market traction in a relatively short amount of time and in a difficult market. They count some of our Limited Partners as customers and created a partnership with one of our other portfolio companies, TRAiNED, thus demonstrating the importance of Halcyon to our ecosystem. We are confident, under Kirk's experienced leadership, Halcyon will become one of the star performers of our portfolio," said Sandy Selman, Venture Partner with the Fund.

TMC Emerging Technology Fund LP is a specialist fintech fund explicitly focused on the mortgage industry and immediately adjacent verticals. Its Limited Partners consist of some of the most technology-forward lender members of TMC and help the Fund understand where the industry is headed, what will work, what won't and why. The Fund continues to look for investments in exciting companies that will have the most profound impact on this multi-trillion-dollar industry. For more information, please reach out to info@tmctechfund.com.

About The Mortgage Collaborative:

The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit http://www.mortgagecollaborative.com/

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") has made its latest investment in Halcyon. Halcyon's suite of services provides financial institutions with a 360-degree financial relationship with its customers by affordably expanding their offerings to include investment advisory, IRS transcripts and tax preparation services.

Related link: https://www.mortgagecollaborative.com

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

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

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

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

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

About MCT:

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

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

RELATED LINKS:

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

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

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

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

Mortgage Capital Trading Named Best Place To Work 2023 By SDBJ

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

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

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

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

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

About MCT:

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

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

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

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

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

Opposition to AB-1147 Gains Momentum: Advocates Raise Concerns Over Consumer Voice

SAN DIEGO, Calif. /ScoopCloud/ -- Assembly Bill 1147 (AB-1147) is under scrutiny as concerns mount over its potential impact on the voice of consumers and the democratization of decision-making. Leading this charge is Dr. Henny Kupferstein, a vocal advocate and DDS consumer who has rallied opposition against the bill, and who is a candidate for Assembly #77 coastal San Diego 2024. AB-1147 is scheduled for a hearing, and its implications have ignited a wave of concern among consumers and advocates alike.

Henny Kupferstein and a coalition of concerned consumers have voiced their objections to AB-1147, citing a lack of safeguards for consumers' interests. The bill, as it stands, appears to prioritize substantial financial gains for traditional vendors within the $15-billion program, without explicitly addressing consumer protection and advocacy.

"It's disheartening to witness the exclusion of consumer perspectives from the analysis of AB-1147," laments Kupferstein. "This exclusion sends a troubling message about the state of our democracy, making consumers feel voiceless and sidelined in matters that affect them directly."

Kupferstein, in a bold move, has initiated contact with the Senate Appropriations Committee, urging them to reconsider AB-1147 in light of the widespread consumer opposition. This opposition is underscored by consumers' collective demand for the bill's rejection, claiming it would lead to unjustified expenses and an unbalanced distribution of resources.

Notably, consumers of Regional Centers have united in submitting a letter of opposition to the Senate Judiciary Committee. Their aim is not only to register their protest but also to ensure that their voices are heard and acknowledged. The demand for confirmation of receipt of their opposition letter highlights the gravity of their concerns.

Clarifications have been made by Kupferstein, who emphasizes that the sponsor, Disability Voices United (DVU), does not represent consumer interests in their opposition to AB-1147. Kupferstein further urges the Senate to discern individualized consumer voices from DVU template letters, affirming that these templates do not truly reflect the breadth of consumer sentiment against the bill.

In a surprising twist, Dr. Henny Kupferstein, a dedicated consumer-constituent, has announced her Campaign for Assembly #77 coastal San Diego 2024. This underlines the determination of consumers to secure their rights and influence legislative decisions that impact their lives.

For further inquiries, please contact:

Dr. Henny Kupferstein, votehenny@gmail.com or http://www.votehenny.com

As AB-1147 approaches its hearing date, the voices of concerned consumers like Henny Kupferstein ring clear: democracy must be upheld, consumer voices must be honored, and bills like AB-1147 must be critically assessed to ensure their alignment with the interests of those they affect.

See You in Sacramento

Join the movement, and look advocates in the eye on Friday, September 1st, as they gather in Sacramento to occupy the Senate for consumer rights and democratic representation.

MULTIMEDIA:

VIDEO (YouTube): https://youtu.be/SyxhCCiYFII

Assembly Bill 1147 (AB-1147) is under scrutiny as concerns mount over its potential impact on the voice of consumers and the democratization of decision-making. Leading this charge is Dr. Henny Kupferstein, a vocal advocate and DDS consumer who has rallied opposition against the bill, and who is a candidate for Assembly #77 coastal San Diego 2024. AB-1147 is scheduled for a hearing, and its implications have ignited a wave of concern among consumers and advocates alike.

Related link: http://www.votehenny.com

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

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

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

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

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

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

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

About MCT:

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

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

MULTIMEDIA:

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

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

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

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

Monthly Lock Volume Increases 31% in Latest MCT Indices Report

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

MCTlive! Lock Volume Indices: May 2023 Data

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

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

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

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

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

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

* Index value change year-over-year

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

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

About MCT:

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

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

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

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

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

Marie Antonette Waite Ignites the 6th Annual Fire-Up Live: Unleashing Powerful Business Connections at Mastermind Event

SAN DIEGO, Calif. /ScoopCloud/ -- Renowned personal branding marketing expert, executive film and TV producer, and CEO at Finest Women in Real Estate, Marie Waite, is thrilled to announce the highly anticipated 6th annual Fire Up Live business networking mastermind event. The three-day event, taking place in San Diego, California, is a remarkable experience for real estate professionals, small business owners, and aspiring entrepreneurs.

Fire Up Live is an immersive networking event that brings together industry leaders, entrepreneurs, and professionals seeking to gain and enhance their knowledge in various business areas. This year, Fire Up Live is set to surpass all expectations with a lineup of exciting activities, including Red Carpet Reality TV Show Premieres, a Real Estate Investing Mastermind Breakfast, engaging workshops, live presentations and celebrity keynote speaker, Keith Robinson!

Marie Waite, the driving force behind Finest Women in Real Estate, has made significant contributions to the field of personal branding and marketing. Her journey began when she founded a real estate brokerage in 2005 and witnessed the struggles many agents faced in establishing their branding and marketing efforts. Recognizing her natural affinity for marketing, Marie decided to channel her expertise towards helping businesses navigate the challenging world of branding and marketing.

"Many real estate professionals and small businesses lack the necessary marketing and branding skills to establish a unique position within their industry," says Marie Waite. "I aim to bridge this gap and help individuals display themselves in a way that attracts others to their personal brand. It's about communicating who you are and the value you bring to each individual, all while bringing your personality and connecting with others."

Finest Women in Real Estate takes a unique approach to marketing programs by emphasizing storytelling and community involvement. The company's focus lies in identifying the niche of each client, highlighting their unique skills and advantages, and leveraging these qualities for effective branding and marketing strategies. Marie Waite has outlined the Six Essential Principles of the Finest Women in Real Estate, which include freedom, integrity, niche, excellence, structure, and trust. These principles form the foundation of her book, "The Six Essential Principles of the Finest Women in Real Estate," which delves deeper into the strategies and philosophies that guide her successful approach.

The 6th annual Fire Up Live event, scheduled for November, promises attendees an unparalleled opportunity to expand their knowledge in real estate, technology, mindset mastery, marketing strategies, strong communication skills, personal branding and public relations, business principles, community development, and social media. It is an event designed to empower individuals and equip them with the tools needed to thrive in the ever-evolving business landscape.

"We want people to open their minds and embrace the creative and strategic aspects of building a successful business," explains Marie Waite. "By trusting the process and understanding that different strategies work for different individuals, attendees can unlock their full potential. Strong relationships with others are a key component to achieving success."

MORE INFORMATION:

For more information about the 6th annual Fire Up Live business networking mastermind event, please visit the official website at: https://fireupconnect.com/fire-up-live/

Learn more about Finest Women in Real Estate at: https://www.finestwomeninrealestate.com/

Renowned personal branding marketing expert, executive film and TV producer, and CEO at Finest Women in Real Estate, Marie Waite, is thrilled to announce the highly anticipated 6th annual Fire Up Live business networking mastermind event. The three-day event, taking place in San Diego, California, is a remarkable experience for real estate professionals, small business owners, and aspiring entrepreneurs.

Related link: https://www.finestwomeninrealestate.com/

The Mortgage Collaborative Names Melissa Langdale President

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that it has named active board member Melissa Langdale president. A member of TMC's board since 2021, Langdale's two-decade career spans the mortgage, real estate and construction industries, including executive roles in sales, marketing, operations, compliance, risk, secondary/lock desk and quality control.

"Melissa Langdale is clearly the right fit at the right time for TMC," said TMC Chairman and co-founder David Kittle, CMB. "Her deeply relevant experience, demonstrated leadership qualities and forward-focused vision will enable our Collaborative to achieve its next level goals."

In addition to Langdale's broad professional accomplishments, she has frequently received peer-selected awards from grassroots organizations including home builders, mortgage professionals and the mortgage trade media.

"As a long-time admirer of TMC's lender-centric mission, its expert leadership and its professional staff, I'm honored to be selected to serve as its president," said Melissa Langdale. "It has been both a privilege and a growth opportunity to be an active member and to serve on TMC's board. Our industry is evolving through the current market conditions and the ever-changing technology landscape and I look forward to working with TMC's team to grow our value to members during that evolution."

A Clemson alumnus, Langdale earned her B.S. in Health Administration.

About The Mortgage Collaborative:

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America.

For more information, visit: https://www.mortgagecollaborative.com/.

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that it has named active board member Melissa Langdale president. A member of TMC's board since 2021, Langdale's two-decade career spans the mortgage, real estate and construction industries, including executive roles in sales, marketing, operations, compliance, risk, secondary/lock desk and quality control.

Related link: https://www.mortgagecollaborative.com

Meet a Scientologist: Steven Margo Evokes the Magic of the ‘Lucky’ Chimney Sweep on the Scientology Network

SAN DIEGO, Calif. /ScoopCloud/ -- Scientology Network's MEET A SCIENTOLOGIST - the weekly series spotlighting the everyday lives of Scientologists from around the world and all walks of life - announces an episode featuring master chimney sweep Steven Margo.

Steven Margo is a master chimney sweep working on the rooftops of San Diego, California. As is tradition in his home country, Great Britain, Margo and his crew don top hats and tails as they work to prevent houses from the threat of going up in flames.

ABOUT STEVEN MARGO

Steven Margo was only 6 years old when his family moved from the United Kingdom to the United States, but he never outgrew the appeal of British culture.

Embracing all things quintessentially British, Steven started a band that covered Beatles and Rolling Stones songs in the 1960s, bonded with the James Bond series, and finally tried his hand as a fabled chimney sweep. It was the latter that brought him lasting success as Steven, joined by his family, built his company in San Diego, California.

His crew look like they've just stepped off the set of Mary Poppins, evoking all the magic of the "lucky" chimney sweeps.

With over 25,000 houses going up in flames in the U.S. every year due to chimney fires, his mission is to educate people on the dangers of unmaintained chimneys to save homes and lives. To date, Steven Margo and his company have cleaned and maintained over 40,000 chimneys.

The Scientology Network debuted on March 12, 2018. Since launching, the Scientology Network has been viewed in over 240 countries and territories in 17 languages. Satisfying the curiosity of people about Scientology and Founder L. Ron Hubbard, the network takes viewers across six continents, spotlighting the everyday lives of Scientologists, showing the Church as a global organization, and presenting its social betterment programs that have touched the lives of millions worldwide. The network also showcases documentaries by independent filmmakers who represent a cross-section of cultures and faiths, but share a common purpose of uplifting communities.

Broadcast from Scientology Media Productions, the Church's global media center in Los Angeles, the Scientology Network is available on DIRECTV Channel 320, DIRECTV STREAM, AT&T U-verse and can be streamed at Scientology.tv, on mobile apps and via the Roku, Amazon Fire and Apple TV platforms.

LEARN MORE:

MULTIMEDIA:

VIDEO https://www.scientology.tv/series/meet-a-scientologist/

Scientology Network's MEET A SCIENTOLOGIST - the weekly series spotlighting the everyday lives of Scientologists from around the world and all walks of life - announces an episode featuring master chimney sweep Steven Margo.

Related link: https://www.scientology.org/

Spine IEP Fellows & Young Surgeons’ Course Announces Premier Foundation Sponsor for its 2023 Course

SAN DIEGO, Calif. /ScoopCloud/ -- Magnifi Group, Inc., announced today its partnership with SI-BONE, Inc. as the Premier Foundation Sponsor for its 2023 Spine IEP Fellows & Young Surgeons' Course to be held in Atlanta, Georgia, November 17-19.

SI-BONE is a global leader in technology for the surgical treatment of musculoskeletal disorders of the sacropelvic anatomy. Since pioneering minimally invasive SI joint surgery in 2009, SI-BONE has supported over 3,000 surgeons in performing a total of over 80,000 sacropelvic procedures. A unique body of clinical evidence supports the use of SI-BONE's technologies, including two randomized controlled trials and over 120 peer-reviewed publications. SI-BONE has leveraged its leadership in minimally invasive SI joint fusion to commercialize novel solutions for adjacent markets, including adult deformity, spinopelvic fixation, and pelvic trauma.

As a returning sponsor to the Spine IEP Course, SI-BONE is committed to advancing the field of spine surgery through innovation, education, and collaboration with leading medical professionals.

Geoff Maw, SI-BONE Vice President of US Academic & Commercial Development said SI-BONE has a long history of dedicating time and resources to the next generation of spine surgeons.

"The Spine IEP Fellows & Young Surgeons' Course is an ideal setting in which SI-BONE can further support the education of young surgeons," Maw said. "We look forward to taking a leading role in our commitment to this important course," Maw added.

"The Spine IEP Course for Fellows & Young Surgeons, now in its 13th consecutive year, continues to educate attendees on the latest medical device techniques and biologics," said Dr. Frank Phillips, Spine IEP Course Chair and Director, Department of Orthopedic Surgery, Rush University Medical Center. "SI Bone has been an active participant at the Spine IEP Course for many years and we welcome the company's sustained commitment to Spine Fellows & Young Surgeons," Phillips said.

The Spine IEP Fellows & Young Surgeons' Course, is limited to 50-55 attendees in order to accommodate a didactics rotation schedule of 45-50 tables hosted by medical device and biologics companies. Four cadaver labs will also be offered during the duration of the course.

The interactive course has been specifically developed to educate spine and neurosurgery Fellows and Young Surgeons on current topics related to the practice of spine and neurosurgery, as well as to assist attendees with the transition from academics to practicing surgeons. The classroom format for the course is highly interactive and all sessions conclude with question/answer sessions and panel discussions.

According to Magnifi data, an average of 70-80 spine Fellows enter the US market each year as practicing spine surgeons. Of these, 48-50 Fellows & Young Surgeons are expected to attend the upcoming course.

Magnifi Group, Inc. is a developer of an FDA-compliant eLearning platform for the medical device and biologics industries. The company also hosts the Spine IEP Live Fellows Course; the Lower Extremity IEP Live Fellows Course and the Hip and Knee IEP Live Fellows Course.

Learn more: https://www.magnifigroup.com/

Magnifi Group, Inc., announced today its partnership with SI-BONE, Inc. as the Premier Foundation Sponsor for its 2023 Spine IEP Fellows & Young Surgeons' Course to be held in Atlanta, Georgia, November 17-19. SI-BONE is a global leader in technology for the surgical treatment of musculoskeletal disorders of the sacropelvic anatomy.

Related link: https://www.magnifigroup.com/

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/

Introducing United States of Ink’s Revolutionary Tattoo Numbing Cream: Enjoy a painless tattoo experience like never before!

LA MESA, Calif. /ScoopCloud/ -- United States of Ink, a trailblazer in tattoo care, is pleased to announce the launch of its revolutionary premium numbing cream on May 15, 2023. This proudly American product embodies the spirit of freedom, allowing tattoo lovers across the country to boldly embrace ink without fear of pain.

United States of Ink Premium Numbing Cream is aimed at brave people who want to express their patriotism in ink, people looking for a more comfortable tattoo experience, and people undergoing skin treatments. It takes effect in just 20 minutes and provides up to 2 hours of paralyzing power. Our water-based, non-greasy formula is packed with 4% lidocaine and anti-inflammatory compounds and is suitable for a wide range of skin treatments and skin conditions. Our products are made in the USA and backed by a 100% satisfaction guarantee.

Steve Topper, CEO of United States Of Ink, says, "We're extremely proud to bring this revolutionary numbing cream to our fellow Americans. Our goal is to empower individuals to pursue their passion for tattoos without being held back by pain. As an American company, we are proud to contribute to the growth of the tattoo industry and provide solutions that reflect the American spirit."

Don't pass up this once-in-a-lifetime chance to indulge your passion for tattoos and skin treatments with the United States of Ink Premium Numbing Cream.

Mark May 15, 2023, as the much-anticipated debut date, and prepare to alter your tattoo experience with unbeatable comfort and ease.

For more information or to join the waitlist, please visit https://prodigymediausa.wixsite.com/united-states-of-ink. For further information, please contact (619) 567-2434 or info@unitedstatesofink.com.

About United States of Ink:

United States of Ink is a pioneering supplier of tattoo care products, proudly offering quality American-made products that enhance the comfort and enjoyment of your tattoo experience. With a focus on customer satisfaction and innovation, United States Of Ink is committed to providing solutions to tattoo enthusiasts across the country.

Learn more at: https://prodigymediausa.wixsite.com/united-states-of-ink

United States of Ink, a trailblazer in tattoo care, is pleased to announce the launch of its revolutionary premium numbing cream on May 15, 2023. This proudly American product embodies the spirit of freedom, allowing tattoo lovers across the country to boldly embrace ink without fear of pain.

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/

Stephanie Summers Speaks at Advisor Group’s Annual W Forum Event

SAN DIEGO, Calif. /ScoopCloud/ -- Stephanie Summers, a Frederick, MD-based financial advisor with Kramer Wealth Managers, affiliated with FSC Securities Corporation, was featured as a keynote speaker at Advisor Group's annual W Forum conference, held in San Diego, Calif. February 6-8, 2023.

The event hosted over 500 financial professionals, associates, strategic partners, and home office attendees from across the Advisor Group network to support the advancement of women in the wealth management industry. An additional 300 attendees joined virtually.

This year's event focused on helping attendees connect, feel inspired, and focus on growth. One of only five W Forum Visionaries selected, Stephanie Summers shared her personal success story as the nation's only Deaf female financial advisor to hold a FINRA Series 7 General Securities License. Her engaging, TED Talk-style presentation was titled "The Power of Being Heard."

Other speakers included Erica Dhawan, an internationally recognized leading authority, speaker and advisor on 21st century teamwork, collaboration and innovation. The remainder of the conference content focused on engaging conversations with Advisor Group leadership, peer sharing sessions, and other educational content covering topics such as innovation, growth solutions, the client experience, and wellness.

"I was honored to share my story and hear from other successful women professionals at this year's W Forum. Through round table discussions, team-building exercises, and networking opportunities, W Forum fosters not only new ideas and perspectives, but also a strong sense of community and connection. I feel re-energized and enthusiastic about the journey ahead, and I look forward to bringing this energy to my business and my clients," said Stephanie Summers.

Securities and Investment Advisory services offered through FSC Securities Corporation, Member FINRA/SIPC. Traditional Insurance offered through Kramer Wealth Managers, which is not affiliated with FSC Securities Corporation. Branch office address: 9099 Ridgefield Drive, Suite 101, Frederick, MD 21701.

About Kramer Wealth Managers:

Kramer Wealth Managers is a deaf-owned and operated full-service financial planning firm with offices located in Frederick, MD and Austin, TX, serving clients in all 50 states and DC.

Visit the Kramer Wealth Website: https://kramerwealth.com/.

For inquiries, contact Kramer

Wealth Managers at (240) 379-6929 or email info@kramerwealth.com.

Stephanie Summers, a Frederick, MD-based financial advisor with Kramer Wealth Managers, affiliated with FSC Securities Corporation, was featured as a keynote speaker at Advisor Group's annual W Forum conference, held in San Diego, Calif. February 6-8, 2023.

Related link: https://kramerwealth.com/