{"id":103842,"date":"2024-02-28T07:00:32","date_gmt":"2024-02-28T12:00:32","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=103842"},"modified":"2024-02-27T19:26:20","modified_gmt":"2024-02-28T00:26:20","slug":"mct-releases-custom-tba-indications-to-provide-price-discovery-for-illiquid-coupons","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/mct-releases-custom-tba-indications-to-provide-price-discovery-for-illiquid-coupons\/","title":{"rendered":"MCT Releases Custom TBA Indications to Provide Price Discovery for Illiquid Coupons"},"content":{"rendered":"

SAN DIEGO, Calif., Feb. 28, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading<\/a>, Inc. (MCT\u00ae), the de facto leader in innovative mortgage capital markets technology, today announced the release of pricing indications for the to-be-announced mortgage-backed securities (TBAs) used by mortgage lenders to hedge their open mortgage pipelines. TBA indications improve transparency in illiquid market segments and act as a key reference point on lenders\u2019 unique executions \u2013 critical data for generating accurate front-end borrower pricing.<\/p>\n

\"MCT
Image caption: MCT – Mortgage Capital Trading.<\/em><\/p>\n

\u201cTBA indications can now be electronically requested ad hoc by mortgage lenders from multiple approved broker-dealers,\u201d said Phil Rasori, COO at MCT. \u201cFor the first time, lenders have a custom reference point to their own TBA execution rather than working solely from market-wide pricing that may not be applicable to them.\u201d<\/p>\n

TBAs are the forward contracts on mortgage-backed securities used across the industry to hedge open mortgage pipelines against changes in interest rates during the origination process. With this latest development, MCT clients are able to make timely, on-demand pricing indication requests for specific coupons in the TBA market. This new price discovery is a significant benefit to mortgage lenders, since traditionally only the most liquid coupons are visible on standard market pricing reference tools.<\/p>\n

\u201cI needed pricing visibility on the GNMA 7.5% coupon, but there was no screen pricing available,\u201d said Nick LaClair, Pricing Strategy and Analytics Manager, AVP at Embrace Home Loans. \u201cBeing able to electronically request and receive these indications enabled me to navigate the illiquid segments of the market and produce more accurate pricing, allowing us to offer more pricing options to our customers in a very challenging environment.\u201d<\/p>\n

MCT is proud to offer this new pricing service that is made possible through a technology licensing arrangement with leading fintech Agile Trading Technologies<\/a>. Agile operates a request for quote (RFQ) platform that connects mortgage lenders with broker-dealers of all sizes.<\/p>\n

Please contact MCT<\/a> to learn more about how TBA indications help improve secondary market performance, at: https:\/\/mct-trading.com\/contact\/<\/a>.<\/p>\n

About MCT: <\/strong><\/p>\n

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT\u2019s stewardship. MCT\u2019s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged \u2013 offering clients the tools to perform under any market condition.<\/p>\n

For more information, visit https:\/\/mct-trading.com\/<\/a> or call (619) 543-5111.<\/p>\n

MEDIA CONTACT:<\/strong><\/p>\n

Ian Miller<\/p>\n

Chief Marketing Officer<\/p>\n

Mortgage Capital Trading<\/p>\n

619-618-7855<\/p>\n

pr@mctrade.net<\/p>\n

MULTIMEDIA:<\/strong><\/p>\n

LOGO link for media: https:\/\/www.Send2Press.com\/300dpi\/22-0311-s2p-mcttrad-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SAN DIEGO, Calif., Feb. 28, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of pricing indications for the to-be-announced mortgage-backed securities (TBAs) used by mortgage lenders to hedge their open mortgage pipelines. TBA indications improve transparency in illiquid market segments and act as a key reference point on lenders’ unique executions – critical data for generating accurate front-end borrower pricing.<\/p>\n","protected":false},"author":5216,"featured_media":79836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,1,10,38,10711,78,6],"tags":[11301],"class_list":["post-103842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-business-news","category-california-news","category-finance-news","category-fintech","category-san-diego-news","category-software-news","tag-tba-mortgage-backed-securities","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":2457,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/103842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/5216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=103842"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/103842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/79836"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=103842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=103842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=103842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}