ICE Mortgage Technology rolls out own APOR index

ICE Mortgage Technology has launched its own publicly available weekly average prime offer rate [APOR] index, the company announced Tuesday.

The APOR index is the underlying interest rate source used to determine what qualifies as a higher-priced mortgage loan under federal regulations. For more than a decade, the Consumer Financial Protection Bureau has published the APOR weekly.

In 2023, the CFPB announced it would begin using data from ICE, rather than the weekly Freddie Mac survey, to calculate its APOR. ICE said the same data from its loan origination system, Encompass — which is used by the CFPB — will also be used for ICE’s own APOR.

It remains unclear why ICE opted to introduce a separate APOR index, given that the CFPB already publishes one. The company declined to provide…