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Fed Policy and Actions:

3/30/2020

Stabilize the TBA mortgage backed securities market, instead of announcing big purchases (greater than daily production)


Execution Spreads

3/27/2020

The agencies have gone off a cliff - these graph are ugly!


Bulk Execution Problem

3/25/2020

the spread between what “Bulk” investors are paying for various loan rates and programs versus what those loans are hedged with – TBA mortgage backed securities.


Locked Loan Fallout and Pandemic

3/19/2020

In the current environment, we are starting to see a great number of people getting laid off or other temporary work adjustments.


Business Continuity Plan

3/19/2020

With the coronavirus (COVID-19) situation developing quickly, we believe it’s important to be transparent about how MCM is responding to the outbreak.


What to do when rates fall

2/28/2020

how do you deal with stretched processing timelines, borrowers calling to renegotiate, and/or adjusting hedge positions?


“Optimized” Secondary Marketing

11/19/2019

Secondary Marketing Optimized


Open API Update

10/11/2019

MCM is pleased to announce the roll-out of its Open API. This API conforms to the Open API Specification and allows clients to integrate their LOS information with MCM’s Hedge Analytics and Reporting software.


Hot Fallout – Crazy Price Change Matrix

10/2/2019

Unicorn Zone – With fallout this low and unchanging, hedging with options would be unnecessary.


Hedge Errors

9/20/2019

Why Hedged Mortgage Pipelines should not be hedged with linear hedge ratios.


Contribution Analysis

5/30/2019

How to Determine Which Branch is Most Valuable


Normalcy Bias

5/8/2019

Mortgage Bankers managing large pipelines of loans in process always need to stay on an even keel to avoid volatile earnings swings


Spot and Builder Commitment Float Down Locks Presentation

3/15/2019

Forward Builder Commitments, Long Term Float Down Locks, Lock and Shop, Rate Protection Plan, One-time Close Float Downs....


Hedging Float Down Locks and Builder Commitments

6/29/2018

The use of options as a tool to hedge a mortgage pipeline is nothing new and have been used since they began trading back in 1983. However, the technology and techniques have changed in how to apply them. Options can be an effective tool to reduce risks associated with residential mortgage loan fallout or renegotiations due to market movements. They can also be effective for extended term float down locks and forward builder commitments.


Temporary Mortgage Interest Rate Buydowns, aka “Buydowns”

6/25/2018

In competitive purchase markets and during times of rising interest rates sellers of homes whether a builder or individual homeowner have elected in the past to advertise and/or offer purchasers/borrowers a break on their interest rates during a period - usually the first two years.


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