Intercontinental Exchange

The Historic Westside Celebrates National Volunteer Month With Day of Service Along James P. Brawley Corridor

Retrieved on:

Tuesday, April 9, 2024

National Volunteer Month, Organization, Photograph, Plant, Volunteering, Library, Food, ICE, Retirement, Intercontinental Exchange, Clark College, Heart, NFL, WFF, Flower

ATLANTA, April 9, 2024 /PRNewswire-PRWeb/ -- Westside Future Fund (WFF) is thrilled to announce its collaboration with Intercontinental Exchange (ICE) and Warrick Dunn Charities and WD Communities for a multi-site volunteer project along the historic Westside's James P. Brawley Corridor. This collaboration is the first volunteer activation of its kind focused on a key corridor in WFF's service footprint and underscores a shared commitment to the revitalization and equitable development of Atlanta's Westside community.

Key Points:

"WFF has over 30 properties we've acquired or are at various stages of development within the James P. Brawley Corridor.
"Like-minded leaders have long talked about how we can give back, and one area we all agreed on was helping to revitalize the historic Westside.
Named after the former president of Clark College, James P. B Rawley Drive is the main corridor crossing through the heart of English Avenue.
"WFF has over 30 properties – single family, multifamily, and commercial -- we've acquired or are at various stages of development within the James P. Brawley Corridor.

Freddie Mac and ICE Collaborate to Help Lenders Improve Loan Quality

Retrieved on:

Tuesday, March 19, 2024

Automation, Employment, Risk, Sale, Overalls, ICE, Intercontinental Exchange, Risk assessment, Housing, Collection, OTCQB, Freddie Mac, Real estate

LAS VEGAS, March 19, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) and Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk.

Key Points:

LAS VEGAS, March 19, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) and Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk.
The collaboration will leverage both companies’ automation technologies and solutions to help lenders quickly and efficiently underwrite mortgage loans starting at the point of sale.
“We’re joining forces with ICE to combine our organizations’ unique strengths to help more lenders deliver higher quality mortgages in this challenging market,” said Kevin Kauffman, Freddie Mac Single-Family Senior Vice President of Seller Engagement.
We’re proud to collaborate with Freddie Mac on the critical matter of improving loan quality to streamline the housing finance market and help minimize related repurchases.”
Over the last two years, Freddie Mac has announced automated capabilities that allow lenders to use asset and employment data to verify a borrower's assets, income and employment, as well as consider cash flow and rent payment history in the risk assessment.

Capital Mortgage Services selects MSP® loan servicing system from ICE

Retrieved on:

Thursday, April 4, 2024

Banking, Other Professional Services, Professional Services, Finance, Friction, Intercontinental Exchange, Intercontinental, Digital, ICE, MSP, Intelligence, Customer service

“While our servicing operation has expanded, we knew we needed a top-of-the-line system that would scale with our business growth without compromising the exceptional experience our customers have come to expect,” said Danny Lewis, CEO of Capital Mortgage Services.

Key Points:

“While our servicing operation has expanded, we knew we needed a top-of-the-line system that would scale with our business growth without compromising the exceptional experience our customers have come to expect,” said Danny Lewis, CEO of Capital Mortgage Services.
Capital Mortgage Services will also use the ICE Customer ServiceSM solution to drive more one-call resolutions when a consumer calls a support representative.
And using McDash® , Capital Mortgage Services will gain access to an unparalleled view of mortgage performance across the U.S. with the deepest and broadest loan-level data repository in the industry.
“ICE is making servicing simple by digitizing and automating processes to reduce friction and introduce new efficiencies,” said Tim Bowler, President of ICE Mortgage Technology.

Intercontinental Exchange Reports March and First Quarter 2024 Statistics

Retrieved on:

Wednesday, April 3, 2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported March 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Key Points:

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported March 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
“For over two decades, ICE has been building a global network of products across commodities and financial markets to deliver comprehensive risk management solutions for our customers as well as round the clock price transparency and capital efficiencies,” said Benjamin Jackson, President, at ICE.
“The continued strength of our global energy complex, which saw record volume and open interest through the start of 2024, demonstrates the value our customers find from ICE’s platform to allow them to hedge their risk as supply chains become increasingly complex.”
Total average daily volume (ADV) up 4% y/y; open interest (OI) up 20% y/y, including record OI of 93.7M lots on March 14
Energy ADV up 17% y/y; OI up 22% y/y, including record OI of 59.6M lots on March 22
Total Oil ADV up 17% y/y; OI up 18% y/y
Brent ADV up 2% y/y; OI up 3% y/y
WTI ADV up 39% y/y; OI up 17% y/y
Gasoil ADV up 25% y/y; OI up 60% y/y, including record options OI of 177k lots on March 28
Record Other Crude & Refined products ADV up 49% y/y; OI up 27% y/y
Record Dubai ADV up 59% y/y; OI up 19% y/y, including record OI of 1.0M lots on March 28
Record Murban ADV up 152% y/y; OI up 20% y/y
Total Natural Gas ADV up 18% y/y; OI up 26% y/y, including record OI of 40.2M lots on March 22
North American Gas ADV up 7% y/y; OI up 21% y/y, including record futures OI of 18.5M lots on March 22
TTF Gas ADV up 52% y/y; OI up 89% y/y, including record OI of 4.3M lots on March 25
Asia Gas ADV up 80% y/y; OI up 46% y/y
Total Environmentals ADV up 32% y/y; OI up 15% y/y
Total Ags & Metals ADV up 2% y/y; OI up 7% y/y
Cocoa ADV up 13% y/y; OI up 28% y/y
Coffee ADV up 13% y/y; OI up 9% y/y
Cotton ADV up 13% y/y; OI up 8% y/y
SONIA ADV up 40% y/y; OI up 191% y/y
Total Natural Gas ADV up 34% y/y, including record options of 570k lots
North American Gas ADV up 28% y/y, including record options of 501k lots
Cotton ADV up 33% y/y, including record futures of 54.9k lots

ICE Mortgage Monitor: Trading Up to a 25% More Expensive Home Would More Than Double the Average Mortgage Holder’s Payment

Retrieved on:

Monday, April 1, 2024

Construction & Property, Data Analytics, Finance, Professional Services, Consumer, Fintech, Other Construction & Property, Residential Building & Real Estate, Research, Intercontinental Exchange, Intercontinental, SAAR, Sale, ICE, City, Housing, P&I, Real estate

There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison.

Key Points:

There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison.
“That average homeowner’s mortgage payment would more than double, to gain just 25% in property value – hardly an entertaining proposition.
“After closing out 2023 at an 11-year low, home sales have begun to improve over the last two months,” Walden added.
Much more information on these and other topics can be found in this month’s Mortgage Monitor.

Intercontinental Exchange Sets Date for 2024 Virtual Annual Meeting of Stockholders

Retrieved on:

Thursday, March 28, 2024

Data Analytics, Finance, Asset Management, Banking, Data Management, Professional Services, Technology, Fintech, Shareholder, ICE, Intercontinental Exchange, Intercontinental, Annual general meeting, Security (finance)

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Key Points:

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, will hold its 2024 Annual Meeting of Stockholders virtually on Friday, May 17, 2024 at 8:30 a.m. Eastern Time.
Stockholders of record as of the close of business on Thursday, March 21, 2024 are entitled to participate in, vote and submit questions at the Annual Meeting.
Stockholders will also be able to submit questions in advance of the meeting at proxyvote.com beginning on Friday, May 3, 2024.
A live audio webcast and replay of the Annual Meeting will be available on the Company’s investor relations website at www.ir.theice.com .

Kasikorn Securities Selects ICE for Enhanced Portfolio Analytics and Risk Management for Derivatives

Retrieved on:

Tuesday, March 26, 2024

Professional Services, Data Management, Technology, Software, Fintech, Banking, ICE, OTC, Risk management, Investment, Intercontinental Exchange, Intercontinental, Financial services

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Kasikorn Securities, part of the Kasikorn Bank Group, a leading financial services provider in Thailand, has chosen ICE’s Portfolio Analytics-Derivatives for pre-trade pricing, analytics and post-trade risk management.

Key Points:

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Kasikorn Securities, part of the Kasikorn Bank Group, a leading financial services provider in Thailand, has chosen ICE’s Portfolio Analytics-Derivatives for pre-trade pricing, analytics and post-trade risk management.
"At Kasikorn Securities, we aim to deliver innovative and customer-centric financial services for our clients, and by working with ICE, we can deliver financial products that fit our clients’ market views with the pricing and analytics needed to make timely investment decisions,” said Yongyut Meepetchdee, Kasikorn Securities.
“With ICE’s comprehensive derivatives solution, we can also help our clients with idea generation and customized product design around a variety of OTC derivative instruments, including exotic options, embedded in structured products originated by Kasikorn Securities.”
With access to ICE’s portfolio analytics application for derivatives, Kasikorn Securities can analyze holdings at both a single security and portfolio level, with data and analytics covering multiple asset classes.
ICE’s derivatives solution will be integrated into Kasikorn’s order management system, and will assist in pre-trade price discovery, decision support tools, risk management and analytics across a wide range of asset classes and instruments.

Fifth Third Bank Moving to ICE’s End-to-End Mortgage Ecosystem to Improve Customer Experience

Retrieved on:

Tuesday, March 19, 2024

Finance, Data Analytics, Banking, Professional Services, Fintech, Fifth Third Bank, Intercontinental, Digital, RAP, Encompass, ICE, Housing, Intercontinental Exchange, Document automation, MSP

Fifth Third will also incorporate multiple ICE data and analytics solutions to help mitigate risk, identify opportunities, and gain crucial insights to support data-driven decision making.

Key Points:

Fifth Third will also incorporate multiple ICE data and analytics solutions to help mitigate risk, identify opportunities, and gain crucial insights to support data-driven decision making.
Jay Plum, executive vice president and head of Mortgage for Fifth Third has played a leadership role in the bank’s digital mortgage initiative.
“At Fifth Third, we’re working to digitize the overall homebuying experience, giving our customers control, choice and transparency along the journey,” said Plum.
“Fifth Third is well known for its commitment to providing a premier digital mortgage experience,” said Tim Bowler, president of ICE Mortgage Technology.

Lennar Mortgage Moves Servicing Operations to ICE Mortgage Technology for Seamless Systems Integration

Retrieved on:

Monday, March 18, 2024

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Lennar Mortgage will move its servicing operations onto the industry-leading ICE MSP® loan servicing system .

Key Points:

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Lennar Mortgage will move its servicing operations onto the industry-leading ICE MSP® loan servicing system .
Already a longtime user of ICE’s Encompass® digital lending platform, Lennar will see greater efficiencies and compliance support from the seamless integration of the systems via the ICE end-to-end technology ecosystem.
“Lennar values the relationship we’ve developed and strengthened with ICE over the years,” said Laura Escobar, President of Lennar Mortgage.
“ICE is digitizing and improving every aspect of housing finance for our clients, including both long-term servicers and interim servicers like Lennar,” said Tim Bowler, President of ICE Mortgage Technology.

ICE Adds to Property Valuation Toolkit for Housing Finance, Providing Homeowners and Buyers, Lenders and Investors with a Comprehensive Approach to Today’s Valuation Challenges

Retrieved on:

Monday, March 18, 2024

The newest solutions, Validate ROVSM and Valuation SelectorSM each address particular challenges inherent in the need for swift, accurate, objective and compliant property valuations.

Key Points:

The newest solutions, Validate ROVSM and Valuation SelectorSM each address particular challenges inherent in the need for swift, accurate, objective and compliant property valuations.
“Transparent and accurate property valuations are essential to housing finance,” said Tim Bowler, President of ICE Mortgage Technology.
Validate ROV uses geofencing and time stamps to confirm that photographs are contemporaneous and accurately reflect current property condition.
Valuation Selector offers confidence to lenders and investors, helping them to instantly identify the complexity of a particular property’s valuation, and recommending the most suitable method for determining value.