MCT Star August 2022: Another Month, Another Raise
The Federal Reserve raised the federal funds rate by 75 BPS for the second month in a row last week, to a range of 2.25% to 2.5%, but Fed Chair Powell’s talk about an end to the current rate-hiking cycle during his subsequent press conference excited triggered a rally in rates. The Fed now believes that rates are “right in the range” of “neutral” (i.e. an interest rate that neither hinders nor fuels economic growth), while Power expressed further doubt that the U.S. was in a recession – given the low unemployment rate and solid job gains. You can learn more by reading our weekly commentary!
How much do you think it will affect your business?
It has been a rough year for the mortgage origination space. That being said, the MCT Review this week looks at silver linings in the mortgage market. For those looking to see some reasons for optimism, read on…Read more…
MCTlive! Lock Volume Indices: June 2022 Rate Lock Data
We are pleased to present to you the June MCTlive! Rate Lock Indices, a snapshot of rate lock volume activity in the residential mortgage industry. MCT’s rate lock activity indices are based on actual locked loans…Read more…
The MCT Review: Market Commentary Week of July 15, 2022
Sure, talk in 2022 has centered around declining volumes and margins, but what is being done to combat this? The MCT Review this week looks at concerns that are top of mind for capital markets staffs, ways to beat the competition, and even some reasons for optimism…Read more…
Rasori's Relentless Releases: Fannie Mae Purchase Advice API – Features Overview
MCT recently connected with the Fannie Mae Purchase Advice API, allowing clients to pull purchase advice data to MCTlive! directly out of Fannie Mae. In MCT’s latest installment of Rasori’s Relentless Releases…Read more…
The MCT Review: Market Commentary Week of July 22, 2022
With the Federal Reserve expected to raise the Fed funds rate at each of its remaining meetings in 2022, it bodes ill for the economy that we are already talking about being in a technical recession…Read more…
Three Trends Impacting The Secondary Mortgage Landscape
MCT's COO, Phil Rasori, authored a piece for Forbes Finance titled "Three Trends Impacting the Secondary Mortgage Landscape". In this article, Mr. Rasori reviews how three key trends will impact the competitive nature of the secondary mortgage market…Read more…
Press Release: Mortgage Banker’s Magazine Names Curtis Richins a "Legend of Lending"
Mortgage Capital Trading, Inc. (MCT®) is proud to announce that Curtis Richins, President of MCT, has been selected to Mortgage Banker Magazine’s inaugural “Legends of Lending” list…Read more…
Strategies for Mitigating Risk in a Volatile Market
As volatility continues in the wake of yesterday’s 75-basis point Fed rate hike, and with the potential of more large hikes to come, we at MCT are monitoring the market situation closely and will keep you informed of potential impacts to your business and pipeline…Read more…
The MCT Review: Market Commentary Week of July 29, 2022
To conclude the 2022 Western Secondary Market Conference this week, MCT's Andrew Rhodes took part in a Capital Markets panel along with David Battany of Guild Mortgage, Mike Quinn of PennyMac, and moderator Rob Chrisman of the Chrisman Commentary…Read more…
MCT was fortunate to have the opportunity to sit down with Daniel Sugg, Chief Mortgage Lending Officer at Michigan First Credit Union, to discuss his experience with Mortgage Capital Trading’s MCTlive! software, one of MCT’s products that has added efficiency to their process at Michigan First Credit Union…Read more…
MCT Whitepaper | Tax & Cash Implications of Creating Excess Servicing
In this whitepaper, MCT teams up with CWDL to explain how excess servicing is created. We will also discuss the cash and tax consequences of retaining the excess mortgage servicing rights (MSRs)…Read more…
Upcoming Events & Conferences
|Meet with Us
|MBA NJ Mid-Atlantic Conference of Mortgage Bankers and Brokers (Residential Portion)
|10/18 – 10/20
|Atlantic City, NJ
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|MBA Annual Conference and Expo
|10/23 – 10/26
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|IMN MSR Conference
|11/14 – 11/15
|New York, New York
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Schedule a meeting with us today. We would love to connect. Want to see other events industry events? Visit our event calendar!
Did You Know?
You can review past articles of Rasori’s Relentless Release
Are you wondering what new features were recently released? We have been putting out highlights of new features recently and it’s easy to review what is out there or what is coming up. Here at MCT, we always like to provide the most up-to-date information for your success by providing knowledge and empowerment to “learn how to fish” to continuously grow your profits. View past articles here.