April 2022 data – The Durango Herald


SAN DIEGO, Calif., May 9, 2022 (SEND2PRESS NEWSWIRE) — MCT®, the leading pipeline coverage advisory in the residential mortgage industry, is pleased to announce the introduction of the new MCTlive! Mortgage Foreclosure Volume Indices to help all industry participants better understand key mortgage industry trends. As the company serving more lenders with hedging and pipeline management solutions than any other single vendor, MCT is uniquely positioned to capture data and understand macro industry trends. The statistics collected by MCT are also unique to the industry given the diversity of lender sizes within its customer base.

This data represents a large and balanced sample of several hundred lenders of varying sizes and business models in the mortgage industry across retail, correspondent, wholesale and consumer direct channels. By taking this broad, diverse and representative view of the broader market, it provides a more accurate picture of what is happening in mortgage originations as indices are influenced by mega lenders. MCT will release the MCTlive! Mortgage foreclosure volume indices on a monthly basis, intended to serve as a durable data tool for participants, analysts and industry watchers.

MCTlive! Mortgage Foreclosure Volume Indices are based on the actual dollar volume of loans on hold, not the number of applications, providing a much more accurate picture of industry foreclosure activity than other surveys or request data. The data is also broken down by type of transaction: purchase, rate/term refinance and cash refinance. Especially in a tight buying market, applications are a less reliable measure for the mortgage industry because there is a greater likelihood of having multiple applications per funded loan. Prequalifications don’t convert at as high a rate in today’s market as they always have, especially when inquiries are counted at the start of entering a property address.

Covering the period from April 1 to April 30, 2022, this first MCTlive! Foreclosure volume indices show the total number of mortgage rate foreclosures by dollar volume fell 5.0% in April and foreclosure volume is down 25.4% from a year ago. year. Buying blocks rose 2.2% in the month and 7.55% from a year ago, a bright spot even as mortgage rates rose rapidly in 2022. This rate increase mortgages is evident in the refinance numbers, as rate/term refinances are down 36.4% and cash refinances are down 31.1% month over month. Over the past year, cash refinancing volume has fallen by 51.7%, while rate/term refinancing volume has fallen by 89.2%.


Category | Change in index value from month to month

Sum: -5.00%

Purchase: 2.22%

Rate/Term refinancing: -36.35%

Refinancing by withdrawal: -31.10%


Category | Variation in the value of the index from one year to the next

Sum: -25.39%

Purchase: 7.55%

Rate/Term Refinancing: -89.23%

Refinancing by withdrawal: -51.70%

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a mortgage portfolio hedging company to the premier provider of fully integrated financial markets technology and services. MCT offers a suite of best-in-class services and software covering mortgage pipeline coverage, best execution loan sales, outsourced foreclosure solutions, MSR portfolio assessments, business intelligence analytics, market valuation and award-winning comprehensive software for capital markets. platform called MCTlive!

MCT supports independent mortgage bankers, custodians, credit unions, warehouse lenders and correspondent investors of all sizes. Based in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of financial market experts and experienced traders who continue to deliver the hands-on, boutique-style engagement that clients love. For more information, visit https://mct-trading.com/ or call (619) 543-5111.



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IMAGE link for media: https://www.Send2Press.com/300dpi/22-0509-s2p-mct-lock-volume-300dpi.jpg

Image caption: Lockdown volume for April 2022 broken down by transaction type

NEWS SOURCE: Mortgage Capital Trading Inc.

This press release has been issued on behalf of the source of the information (Mortgage Capital Trading Inc.) which is solely responsible for its accuracy, by Send2Press® Newswire. The information is believed to be accurate but not guaranteed. Story ID: 81540 APDF-R8.5

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