MCT⭐Star Newsletter: July 2024, Issue 40

Menu:

 

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

MCT Star July 2024 – Mission Score API

MCT recently announced the launch of new integrations with Fannie Mae’s Mission Score application programming interface (API) and Mission Score 2 and 3 product grids that provide better transparency and pricing for mortgages aligned with Fannie Mae’s mission objectives.

The Mission Score API and product grids provide a loan-level Mission Score and associated pricing to mortgage originators, who may improve margins or pass through better borrower pricing using MCT technology. MCT, the first to integrate with the API, has a long history of empowering mortgage market participants to optimize their business, and these latest integrations increase the granularity of pricing that Fannie Mae provides sellers on MCT Marketplace – the largest mortgage asset exchange for the U.S. secondary market.

Lenders are encouraged to register for the upcoming industry webinar hosted by MCT, and featuring Fannie Mae, to learn more about the features and benefits of the Mission Score API and product grids for mortgage originators and their borrowers.

Articles & Press Releases
Update for the Current MSR Market
Mortgage rates and some rate indices have experienced a slight retreat from their end of April highs, closing the month of May with robust gains over end of Q1, 2024 levels. Read more…MCT Reports a 7% Mortgage Lock Volume Increase in Latest Indices Report
As mortgage lock volume edges upward during the buying season, the mortgage industry continues to monitor economic indicators that will factor into the Federal Reserve’s decision on how long to hold rates.Read More…

MCT is Ready to Assist with Your Q2 MSR Portfolio Valuation
Mid-year is upon the capital mortgage markets. With the continued volatility in the market, it has become increasingly important to obtain third-party MSR valuations in order to make well-informed risk management decisions. Read More…

A Message on Q2 MSR Valuations from MCT’s MSR Team
In this video, Mr. Burruss discusses industry trends and answers the questions that the majority of clients are currently asking him. Watch the video to hear his summary and advice on MSR Valuations. Read More…

A Message on MSR Bulk Sales from MCT’s MSR Team
In this video, Mr. Burruss discusses industry trends and answers the questions that the majority of clients are currently asking him. Watch the video to hear his summary and advice on the market. Read More…

Press Release: MCT & Lender Price Join Forces to Improve Mortgage Pricing with Loan-Level MSR Values
ortgage Capital Trading and Lender Price, the first cloud-native provider of mortgage pricing technology, have partnered to provide mortgage lenders using the Lender Price product and pricing engine (PPE) with loan-level MCT MSR values. Read More…

MCT Mortgage Industry Perspectives: Insights from the MCT Exchange 2024
Question: When will relief come for the mortgage market? To gain a better understanding of the current state of the mortgage industry, watch this video that delves into what mortgage professionals think of the market currently and when relief will come for the market. Read More…

Press Release: MCT Integrates with Fannie Mae’s Mission Score API and New Product Grids to Empower Originators to Take Advantage of Market Incentives for Mission-oriented Lending
Mortgage Capital Trading, Inc. announced the launch of new integrations with Fannie Mae’s Mission Score application programming interface (API) and Mission Score 2 and 3 product grids that provide better transparency and pricing for mortgages aligned with Fannie Mae’s mission objectives. Read More…

Miss previous issues of MCT Star? You can read them here.

Whitepapers & Webinars
Webinar Recording: Preserve Margins and Improve Pricing with the Base Rate Generator
The solution combines live agency API connections, co-issue executions, aggregator pricing, and custom TBA indications with decades of experience advising clients on custom rate sheet creation. Watch the Recording…MCT Whitepaper: Optimizing Your Best Execution Loan Sale Analysis
In any market scenario, it is crucial for lenders to analyze best execution options to maximize profitability. Determining what execution is most efficient and profitable will have a big impact on your bottom line. Watch the Recording…
Upcoming Events & Conferences
Let’s meet up at one of the conferences below. We would love to share new opportunities with you.
Event Date Location Meet with Us
CMBA Western Secondary August 19 – 21, 2024 Palos Verdes, CA ★ Book a Meeting
ACUMA Conference August 29 – October 2, 2024 Las Vegas, NV ★ Book a Meeting
Keep an eye on the Event Calendar for more information. We hope to see you soon!

View MCT’s Event Calendar

Did You Know?

MCT has a Hedging 101 Whitepaper to get back to basics.

Learn from our secondary marketing experts how you can use hedging as a tactic to mitigate risk and optimize profitability when selling mortgage loans.

This whitepaper reviews information on moving to mandatory, the strategy of hedging, the benefits of hedging, and how to determine if you are ready.

Topics Include:

  1. What is Mortgage Pipeline Hedging?
  2. Hedging Example and Process
  3. The Benefits of Hedging
  4. Are You Ready to Hedge?