mTrade

mTrade is celebrating October work anniversaries for Brett Estes, Whitney Atkinson, Mindy Ellis and Nathan Payne. Thanks for all you do for mTrade and the clients we serve! #EveryDayMatters #fintech www.mtrade.com

“Since the Federal Reserve made its move and reduced the federal funds rate by 50 basis points two weeks ago, mortgage rates have actually moved upwards marginally, but the 30-year fixed mortgage is still holding in the low 6% range,” reports Jim Lowery, mTrade Managing Director of Market Strategy & Research. “We have noticed activity on mTrade’s mT360 platform has continued to trend upwards with new life in refinance loans.?This uptick in refinance volume will complement the strength in purchase and home equity loans which we have observed all year.?The forecasted decline in mortgage rates should support strong activity in the origination and secondary mortgage markets.” #fintech #mortgage #EveryDayMatters?https://www.mtrade.com/

Congratulations to Emily Rikard, mTrade Senior Client Success Specialist and our September mVp. Emily has been with the company since our founding in 2016 and is recognized for her meticulous attention to detail and professionalism. Thanks for all you do for mTrade and for our clients, Emily! #fintech #EveryDayMatters

mTrade is celebrating September work anniversaries for Dylan Walker, Nick Winkler, Courtney Allen, Bao Hoang and Cody Wilson. #EveryDayMatters #fintech www.mtrade.com

We are thrilled to announce that the 2024 Accelerate Conference sponsorship opportunities are now open! This year, we're celebrating 25 years of innovation and growth in Mississippi's entrepreneurial ecosystem, and we want YOU to be a part of it. As a sponsor, you'll have the chance to showcase your brand, connect with industry leaders, and engage directly with our vibrant community. Plus, our new conference app allows you to schedule one-on-one meetings with participants and maximize your networking potential. ??? Don't miss this opportunity to be at the forefront of innovation in Mississippi. Visit our sponsorship page for more details and to secure your spot: https://lnkd.in/eFDQNbtS #Accelerate2024 #InnovateMS #SponsorshipOpportunity #Innovation #Entrepreneurship #Networking

mTrade is proud to support Innovate Mississippi. In addition to their remarkable work accelerating startups and driving entrepreneurship throughout the state, they also have a job board featuring roles at more than 30 innovative Mississippi companies. Check it out … and look at the jobs available at mTrade while you’re there!?https://lnkd.in/ed49y5E7 #fintech #mississippijobs #EveryDayMatters

mTrade would like to wish a happy 5th anniversary to Caroline Rosser, Data & Reporting Analyst. Caroline came to mTrade after more than 21 years in the banking industry, where she was a mortgage loan originator. Her vast experience and attention to detail are incredible assets to mTrade and the financial institutions we serve. Thanks for all you do, Caroline! #mTradeFamily #EveryDayMatters #fintech www.mtrade.com

“The Q2 2024 earnings reporting season is largely over for the non-bank mortgage originators and mortgage REITs.?mTrade is primarily interested in those firms originating and purchasing non-agency loans, so that is where our focus lies.?Broadly speaking, net income was down slightly but origination and loan purchase volume was up versus Q1.?This makes sense due to home buying seasonality, but it also confirms the confidence from originators that a take-out exists for their non-agency loans.?We continue to see data on the non-agency securitization market indicating strong investor demand along with low delinquencies and prepayment rates.?Such a combination should keep this market robust.” — Market Report from Jim Lowery, mTrade Managing Director Market Strategy & Research www.mtrade.com?#fintech #mortgagetrade #REITs

“Q2 2024 earnings for the mortgage REITs are being released and there are already some notable numbers for those in the non-agency residential segment.?PennyMac announced a sharp increase in quarter-over-quarter jumbo mortgage originations along with continued growth in closed-end second loans.?Annaly noted strong quarter-over-quarter and year-over-year growth in whole loan purchases.?They also commented that their 2024 year-to-date lock volume has exceeded their entire 2023 lock volume.?This data corresponds to strong quarterly and year-to-date non-agency RMBS volume published by multiple sources.” — Jim Lowery, Managing Director, Market Strategy & Research, www.mtrade.com #mortgage #fintech #EveryDayMatters