With the new MSRlive! API, you can develop pricing that includes key loan-level characteristics such as location, FICO, loan-to-value (LTV), and more in real time. By factoring in these elements, there is an opportunity which allows avoiding overpaying for potentially underperforming assets.
In this article, we will discuss the similarities and differences between the market selloffs in 2013 and 2022. 2022 has had the benefit of a much more orderly move and a healthier marketplace.
In Paul’s Tip of the Week, we look at how MCT completed the first integration to Fannie Mae’s new API for loan sale purchase advices.
The unique interface between the MCTlive! Pool Optimizer and the Agile MBS pool bidding tool. Similarities and differences that exist between agency cash window commitment optimization and pooling optimizations
FNCL 3.0s opened the day at 101-03, hit a high of 101-12+ just prior to 12 noon, and then we drifted lower in the afternoon to close at 101-04. We saw some intraday reprices for the better in the late morning and then some in the other direction later in the afternoon. We are now about 6 ticks lower vs. the Friday close of 101-04 but do not expect much from TBA hedge flows today. March issuance is about ~2.0bln behind the pace of February when you compare the first four business day of March to those of February. The big drop occurred in February and I would now expect the attrition to be a few billion/month.
