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MCT Exchange 2022 Recap: Reunited & Growing as a Community

MCT Exchange 2022 Recap: Reunited & Growing as a Community

After waiting patiently for three years, we were finally able to welcome back both familiar and new faces to MCT Exchange at the Hard Rock Hotel in San Diego March 3-5. This year’s Exchange was especially significant as it also marked the 20th anniversary of MCT. In addition to the celebration, attendees were treated to networking events and educational sessions.

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

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

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

The MCT Review: Market Commentary Week of March 7

The MCT Review: Market Commentary Week of March 7

FNCL 3.0s opened the day at 101-03, hit a high of 101-12+ just prior to 12 noon, and then we drifted lower in the afternoon to close at 101-04. We saw some intraday reprices for the better in the late morning and then some in the other direction later in the afternoon. We are now about 6 ticks lower vs. the Friday close of 101-04 but do not expect much from TBA hedge flows today. March issuance is about ~2.0bln behind the pace of February when you compare the first four business day of March to those of February. The big drop occurred in February and I would now expect the attrition to be a few billion/month.