MCT⭐Star Newsletter: April 2023, Issue 25


• Articles & Press Releases • Whitepapers & Webinars
• Events & Conferences • Did You Know?

MCT Star April 2023 – Showers Bring Flowers

Are you getting the support you need to weather the storm? While the latest MCTlive! Lock Volume Indices did show an increase in lock volume in March, it could be a little longer before things turn around.

MCT is proud to support clients with training sessions, market guidance, and personal interactions to bolster client success. While we offer the most comprehensive capital markets platform in the industry, our deep dedication to delighting clients is our hallmark.

If you have a question or would like to get in touch with one of MCT’s experts, please contact us today. We would love to help. 

Articles & Press Releases

MCTlive! Lock Volume Indices: February 2023 Rate Lock Data
The February MCTlive! Rate Lock Indices, a snapshot of rate lock volume activity in the residential mortgage industry, shows that after an uptick in January, lock volume decreased across the board for the month. Purchase lock activity was down 13% compared to January… Read more…

Update for the Current MSR Market
Market values for existing MSR portfolios also remained relatively flat during December and January, however, there are signs of improved market values during February as rates rose during the second half of February and many buyers of MSR re-entered the market at the start of 2023… Contact us for more information…

The MCT Review: Market Commentary Week of March 10, 2023
Events this week likely will lead to a higher peak interest rate than investors had been expecting just weeks ago. Central bankers appear worried about a cycle in which workers seek higher pay to offset inflation’s bite, and in turn trigger more price increases. In fact, inflation remains high because people have jobs and earn enough income to cover stubbornly expensive… Read more…

2023 HW Tech100 Mortgage Award Announces MCT as Leader in Innovation
Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, was announced as a 2023 HousingWire Tech100 Mortgage Winner…Read more…

March Housing Market Update: After Silicon Valley Bank Collapse
Unless you live under a rock, or in an increasingly blissful state of ignorance, you have likely noticed that government-bond yields have fallen the most since 2008 after multiple U.S. bank failures spurred traders to reassess the outlook for additional Federal Reserve rate hikes….Read more…

The MCT Review: Market Commentary Week of March 17, 2023
Imagine being on vacation the past week or so, completely unplugging, and then coming back to work to find… multiple bank failures? …Read more…

The MCT Review: Market Commentary Week of March 24, 2023
The Fed’s rate hike this week marked the 9th consecutive rate hike since the Fed began hiking in May of last year and brings the target fed funds rate range to the highest level since September 2007…Read more…

The MCT Review: Market Commentary Week of March 31, 2023
The market reaction went a little “too far, too fast” in regard to the Fed policy pivot. We witnessed the coupon stack (i.e., the price spread between TBA coupons) decompress in more than a trivial manner in a short period…Read more…

Whitepapers & Webinars
MCT Exchange 2023 Conference Recap
It was wonderful seeing everyone in what is becoming a consistently rainy San Diego for this year’s MCT Exchange! We hope you enjoyed the general sessions, a keynote from Fannie Mae’s Doug Duncan, as well as the roundtables and breakout sessions! …Read more…
Upcoming Events & Conferences
We are excited that conference season is back. Although we are not attending all conferences we have on our calendar, we are excited to meet with you at the ones we are attending. 
Event Date Location Meet with Us
TMBA Annual April 30 – May 2 Atlantic City, NJ ★ Schedule a Meeting
MBA NJ Regional Conference May 2 – 3 San Diego, CA ★ Schedule a Meeting
MARC Annual Confernece May 9 – 10 Oxon Hill, MD ★ Schedule a Meeting
MBA AL Annual Confernece May 10 – 11 Birmingham, AL ★ Schedule a Meeting
MBA Secondary and Capital Markets Conference and Expo May 21 – 24 New York, NY ★ Schedule a Meeting
MBAG’s Annual Conference May 21 – 24 Pointe Vedra, FL ★ Schedule a Meeting
Schedule a meeting with us today. We would love to connect. Want to see other events industry events? Visit our event calendar!

View MCT’s Event Calendar

Did You Know?

MCT Exchange Raised almost $8,000 for SD Rescue Mission!

We had our annual MCT Exchange conference at the end of March and it was a success. We are honored to have so many people joining us to learn about the topics we presented on, such as an introduction from MCT’s President, Curtis Richins, followed by discussions on current market challenges, the MSR landscape, and the impact of Wells Fargo’s exit in the correspondent space.

We are also honored to partner San Diego Rescue Mission and Plaza Home Mortgage to raise funds for homeless men, women, and children in San Diego.  

Every night, thousands of men, women and children in San Diego County don’t have a place to call home. The reasons they experience homelessness may surprise you:

  • Losing a job or a loved one
  • Rising rent prices
  • Health issues and battles with addiction
  • Struggling as a single parent to make ends meet

With the donation, we are helping our neighbors experiencing these challenges to have a place to turn for immediate help and long-term healing.