Vice Capital Markets announced today that the company has more than doubled its monthly trade volume over a 90-day period, setting several internal records. Trade volume totals reached during this period include $11.5 billion in March, $13.4 billion in April and $12.4 billion in May. “Despite the market chaos brought
As lenders and independent mortgage companies aggressively attempt to attract consumers, credit unions must be ever mindful to optimize all competitive advantages they possess. Generally, credit union members are a loyal bunch and want to keep their business in-house. However, as members, they also expect lower fees and competitive rates.
Additional mortgage-backed securities purchases by the Federal Reserve Bank of New York will address private investor skittishness about the asset class, but it will not necessarily lower rates. “Right now the only meaningful end buyer is the Fed and while they’ve been in the market every day this week, it’s
“New year, new me” seems to be the popular slogan for 2020. While this may not be a completely apt description of the mortgage market outlook for the coming year, the market can expect to see some changes, particularly in the specified pool and to-be-announced markets, alongside a continuation of
Shifting from best effort to mandatory execution marks a significant achievement in the evolution of a mortgage lending organization, as it represents a more sophisticated (and more profitable) secondary strategy. However, lenders are not always clear on the particulars to making this transition and, as a result, may be slower
Digital is today’s mortgage lending watchword. Stem to stern, every aspect of the mortgage process has felt either a direct or ripple effect of an intense, industry-wide focus on automation, including its most esoteric element: hedging. However, even as the benefits of going digital in origination, closing and servicing are fairly clear
Many believe that if you talk long enough about a recession, eventually we’ll see one. Chris Bennett, Principal at Vice Capital Markets, Inc. sent out a note to clients back last Friday the 13th on proverbial blood in the streets in the town of Chicago. (“There’s blood in the streets, it’s
Moving from best execution to mandatory represents a significant milestone in the evolution of a mortgage lender’s secondary marketing department, but the growth doesn’t stop there. Adding custom, or specified, pools helps lenders diversify their execution strategy, thereby maximizing profitability and adding additional cash flow to secondary activities. What’s more,
Vice Capital Markets President Troy Baars today urged lenders to explore custom Ginnie Mae pools as part of their overall execution strategy in light of recent increases in Ginnie Mae security volume, along with renewed investor interest in custom pools. “Refinancing of existing mortgages has been driving an uptick in
OpenClose has completed its integration with Vice Capital Markets resulting in advanced hedging automation. The integration takes loan-level lock data from OpenClose’s LenderAssist™ LOS and securely transmits it directly to Vice Capital’s hedging platform. This eliminates multiple manual steps and potential “break-points” in the overall process thus saving time, reducing errors, and increasing visibility that
OpenClose has announced the completion of an integration with Vice Capital Markets Inc., an established mortgage hedge advisory firm. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing seamless delivery of data. In
OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced the completion of an integration with Vice Capital Markets. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing
OpenClose announced an integration with Vice Capital Markets that will maximize hedging efficiencies and reduce preparation and delivery time for acquired loan data. The integration utilizes loan-level lock data from OpenClose’s LenderAssist LOS and embeds it directly into Vice Capital’s hedging platform. According to the company, this will eliminate multiple manual steps and
