Business, Reports and Studies

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

SAN DIEGO, Calif. -- 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.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Software

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

SAN DIEGO, Calif. -- 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/

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business

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

SAN DIEGO, Calif. -- 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/

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Reports and Studies

Monthly Mortgage Volume Increases 13.96% In Latest MCT Indices Report

SAN DIEGO, Calif. -- 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

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Reports and Studies

Seasonal Lows Contribute to 13.71% Drop In Mortgage Volume

SAN DIEGO, Calif. -- 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.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

12 Days of TMC, Business

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

SAN DIEGO, Calif. -- 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/.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Reports and Studies

Monthly Mortgage Volume Decreases 10.7% In Latest MCT Indices Report

SAN DIEGO, Calif. -- 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.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Board of Directors, Business

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

SAN DIEGO, Calif. -- 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/.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Reports and Studies

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

SAN DIEGO, Calif. -- 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.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles

The Mortgage Collaborative Selects 2024 Board of Directors and Advisory Council

SAN DIEGO, Calif. -- 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/

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022