MCT, the leader in capital markets software, announces MCTlive! Lock Volume Indices May 2022 Data

SAN DIEGO, Calif. /California Newswire/ — MCT®, the leader in capital markets software and services that supports more lenders with hedging and pipeline management solutions than any other single vendor, is pleased to introduce the MCTlive! Lock in volume indices for May 2022.

MCT Data represents a balanced sample of several hundred lenders across direct retail, correspondent, wholesale and consumer channels. An overview of the entire market provides a more accurate picture of mortgage originations compared to indices that are influenced by mega lenders. May’s MCTlive! Foreclosure volume indices are broken down by transaction type: purchase, rate/term refinance, and cash refinance.

That MCTlive! The foreclosure volume indices, which include an adjustment for the Memorial Day holiday, show total dollar mortgage foreclosure volume fell 10.6% in May and total foreclosure volume fell 29.5 % compared to a year ago, as purchases now account for most of the volume. Rapid rate hikes kept potential borrowers away in 2022, and we saw declines in all three foreclosure categories.

Buy locks are now down, down 1.78% month-over-month and 10.1% from a year ago. Rising mortgage rates are also evident as refinancing volume continues to decline. Rate/term refinances were down 29.6% and cash refinances were down 9.0% month-on-month. Over the past year, cash refinancing volume has fallen by 57.5%, while rate/term refinancing volume has fallen by 90.0%. Given that rate/term refinance volume was already down 88% year-over-year in April’s MCTlive! Lock in the volume indices, this month’s drop doesn’t change much overall.

Please note that loan sizes have increased by 8.3% over the past year, with the average loan size increasing from $291,000 to $315,000.

It is important to note that MCT’s rate blocking activity indices are based on the actual dollar volume of blocked loans, not the number of requests. Especially in a tight buying market, MCT believes its methodology (using actual blocked loans versus applications) is a more reliable measure. There is a greater likelihood of multiple applications per funded loan, and prequalifications do not convert at as high a rate in today’s market as they once did, especially when applications are counted at the start of loan entry. a property address.


Category | Change in the value of the index from month to month

Sum: -10.65%

Purchase: -10.11%

Rate/Term Refinancing: -29.57%

Refinancing by withdrawal: -8.99%


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

Sum: -29.54%

Purchase: -1.78%

Rate/Term Refinancing: -90.03%

Refinancing by withdrawal: -57.52%

MCT will release the MCTlive! Mortgage Lock Volume Indices monthly, intended to serve as a long-lasting information tool for participants, analysts and industry observers.

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’s offerings include mortgage pipeline coverage, best execution loan sales, business intelligence and analytics, outsourced foreclosure solutions, MSR valuation, hedging and wholesales , and the world’s first truly open marketplace for loan sales.

MCT supports independent mortgage bankers, custodians, credit unions, warehouse lenders and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Based in sunny San Diego, MCT also has offices in Healdsburg, California, Philadelphia, Pennsylvania and Texas.

For more information, visit or call (619) 543-5111.

Learn more:

This version of the story was published on and is Copr. © 2022 California Newswire® ( – part of Neotrope® News Network, USA – all rights reserved.

The information is believed to be accurate but is not guaranteed. If you have any questions regarding the above information, contact the company/organization/person indicated in the text and NOT on this website.