BLOG Posts
MCM’s Open API Interface
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.
Moral Hazard Residential Mortgage Servicing Policies
The moral hazard issue regarding mortgage servicing and its primary cause stems from the GAAP accounting ruling.
Forward Builder Commitment Indications
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.
CME 5-year Swap Futures Contract
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.
ARMS Today
Currently Agency cash window pricing for 5/1 & 7/1 ARMs as well as 10/1 and 3/1 ARMS on a retained basis. However, the 3/1 and 10/1 are not marketable based on the rates and prices posted. Thus, we will concentrate on the 5/1 product.