Since 1995 MCM has been working with Neural Networks for various projects including fallout prediction on a loan level basis. Initially the technology was slow and less than optimal, however, with the new tools, speed of processing available and techniques we have developed, Neural Networks/ AI has come to fruition.
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.
The moral hazard issue regarding mortgage servicing and its primary cause stems from the GAAP accounting ruling.
The difference between a highly profitable mortgage lender and a mediocre one sometimes comes down to the methods and tools used to minimize risk and decrease liability.
Based on closing data for the past 6 months, the 5 yr. swap futures contract has tracked the price for UMBS 4.0 on average very well. However, they are very different instruments and basis risk may surprise those who rely too heavily on this relationship especially in the short run.