Blog Archives

Top 5 Takeaways in the Current MSR Market

With half of the year complete, the market for MSR sales is beginning to shift. Check out this article to review our Top 5 Takeaways for Bulk MSR Market.

Strategies For Mitigating Risk in a Volatile Market

In this article, we will discuss strategies for mitigating risk in a volatile market. The type of volatility that has been experienced by mortgage bankers in 2022 due to a widening basis.

Features Overview: Fannie Mae Purchase Advice API – Rasori’s Relentless Releases

In MCT’s latest installment of Rasori’s Relentless Releases, Phil Rasori covers the new Fannie Mae purchase advice API. View the episode to get the scoop on these timely updates.

MCTlive! Lock Volume Indices: June 2022 Data

MCTlive! Mortgage Lock Volume Indices covers the period from June 1 through June 30, 2022, and represents a broad and balanced cross section of several hundred lenders of various sizes and business models in the mortgage industry across retail, correspondent, wholesale, and consumer direct channels.

MCTlive! Mobile App Updates – Rasori’s Relentless Releases

In MCT’s latest installment of Rasori’s Relentless Releases, Phil Rasori covers the features of the MCTlive! Mobile App. View the episode to get the scoop on these timely updates.

MSR Buyers are Improving their Pricing Strategy with Custom MSRlive! API

With the new MSRlive! API, you can develop pricing that includes key loan-level characteristics such as location, FICO, loan-to-value (LTV), and more in real time. By factoring in these elements, there is an opportunity which allows avoiding overpaying for potentially underperforming assets.

MCTlive! Lock Volume Indices: May 2022 Data

MCTlive! Mortgage Lock Volume Indices covers the period from May 1 through May 31, 2022, and represents a broad and balanced cross section of several hundred lenders of various sizes and business models in the mortgage industry across retail, correspondent, wholesale, and consumer direct channels.

Taper Tantrum 2: Mortgage Market Selloff Deja Vu?

In this article, we will discuss the similarities and differences between the market selloffs in 2013 and 2022. 2022 has had the benefit of a much more orderly move and a healthier marketplace.

MCTlive! Lock Volume Indices: April 2022 Data

MCTlive! Mortgage Lock Volume Indices covers the period from April 1 through April 30, 2022, and represents a broad and balanced cross section of several hundred lenders of various sizes and business models in the mortgage industry across retail, correspondent, wholesale, and consumer direct channels.

Fannie Mae Purchase Advice API – Paul’s Tip of the Week

In Paul’s Tip of the Week, we look at how MCT completed the first integration to Fannie Mae’s new API for loan sale purchase advices.

MCTlive! Pool Optimizer – Rasori’s Relentless Releases Episode 8

The unique interface between the MCTlive! Pool Optimizer and the Agile MBS pool bidding tool. Similarities and differences that exist between agency cash window commitment optimization and pooling optimizations

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.

The MCT Review: Market Commentary Week of February 22

We’ve seen lighter supply thanks to the Russia/Ukraine headlines. The market has ultimately gained ground with FNCL 3.0s starting at 100-06+ and closing at 100-15. We did see some negative reprices, then the Russia/Ukraine headlines moved the bond market higher into lower yields and that brought better reprices. We currently have FNCL 3.0s at a lower closing level so don’t expect much.

“Can’t Go” and “Must Go” Investors – Paul’s Tip of the Week

In Paul’s Tip of the Week, we look at how through custom eligibility and ready for sale identification a user can streamline their best ex in MCTlive!

The MCT Review: Market Commentary Week of February 7

MBS gave back gains from earlier in the week, better sellers and heavy supply pushed the basis down 3-5 ticks with weak demand throughout the session. Afternoon flows skewed towards fast money selling. FNCL 2.5 closed 4 ticks wider @ 99-21+, FNCL 3 also 4 wider @ 102-00+. G2/FN down on the day but fared better than conventional counterparts, 3.5s the only green swap on the stack up 2 ticks on better buying. 15yrs higher vs 30s by 2 ticks, bank flows have been light but steady.

Margin Management Best Practices for Mortgage Lenders

In this article, we will discuss top-level margin management strategies including 6 business intelligence inputs that are helpful for making educated margin management decisions.

Dealer Exposure and Volume Limits – Paul’s Tip of the Week

In Paul’s Tip of the Week, we look at MTM and Volume limits for clients working with dealers in MCTlive!

BAM Marketplace Bid AOT – Rasori’s Relentless Releases Episode 7

Rasori’s Relentless Releases Episode 7: BAM Marketplace Bid AOT Published 11/29/2021 In MCT’s seventh episode of Rasori’s Relentless Releases, Justin Grant covers some recent enhancements we’ve brought to BAM Marketplace for buyers and sellers. MCT...

MCT’s Enhanced Best Execution (EBX) Technology Allows for True Economics of MSR

MCT’s Enhanced-Best-Execution (EBX) tool is the most comprehensive tool on the market for helping secondary market (MSR portfolio) managers determine which loans to retain or release. Recently, MCT announced it has automated the data reconciliation process to seamlessly transfer (via API) information between MCTlive! (Hedging Platform) and MSRlive! (MSR Platform).

Agile Pooling Functionality – Paul’s Tip of the Week

MCT is now the first company to be able to leverage the pooling functionality powered by Agile Trading Technologies. Agile, the new way to quote MBS, is bringing mortgage lenders and broker dealers on to a single electronic platform.

Top 5 Takeaways for Bulk MSR Market: Q4 2021

The economy continues to heal from the pandemic and MSR pricing has seen improvement as a result. Many servicers are still sitting on large portfolios as a result of MSR multiples/prices going to zero in early 2020, but the market is becoming ripe for MSR bulk sales and there is ample capital/liquidity from buyers ready to purchase. Continue reading below for our Top 5 Takeaways for the Bulk MSR Market.

How to Internalize Your Best Execution Loan Sales

In this post, we’ll explain how mortgage lenders can leverage secondary market technology and expertise to internalize their best execution loan sale process.

Considerations for Internalizing Your Best Execution Loan Sales: Are You Ready?

In this post, we will explore the necessary considerations for lenders seeking to take ownership of their secondary market performance by internalizing their Best Execution Process (Best Ex).