MCT Whitepaper:
The Links Between MBS Markets and Loan Prices

In the capital market, there are several pervasive misconceptions with respect to how mortgage pricing is created and what lenders are offering borrowers.

In this whitepaper, we will explore the relationship between consumer loan pricing and capital market conditions, address common misconceptions, and illustrate the processes involved in generating consumer loan offerings and intermediate loan prices.

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About the Whitepaper:

In the capital market, there are several pervasive misconceptions with respect to how mortgage pricing is created and what lenders are offering borrowers.

In this whitepaper, we will:

  • Explore the relationship between consumer loan pricing and capital market conditions
  • Address common misconceptions
  • Illustrate the processes involved in generating consumer loan offerings and intermediate loan prices.

Download our whitepaper today to learn the relationship between the MBS Markets and loan prices!

Mortgage pricing is a function of inputs including MBS prices, servicing valuations, guaranty fee levels, and buy-up/buydown pricing provided by the GSEs.

– Bill Berliner, Director of Analytics writing in The Links Between MBS Markets and Loan Prices

About the Author:

Bill Berliner, Director of Analytics at MCT

Mr. Berliner has more over 35 years of experience in the mortgage and MBS markets as an analyst and trader. He has an extensive working knowledge of mortgage and MBS trading, hedging, structuring, valuation and operations. Prior to joining MCT, he worked in risk management and systems development with Thomson Reuters, Kinecta Federal Credit Union, and Manhattan Capital Markets, and also owned his own consulting practice. He served as the head of Trade Strategies for Countrywide Securities until 2008, and also held senior positions with Nikko Securities and Bear Stearns. He has written extensively on the markets, co-authoring two editions of a textbook on MBS with Frank Fabozzi and Anand Bhattacharya, and has co-authored almost 20 book chapters and published articles.

Mr. Berliner holds BA and MBA degrees from Rutgers University. He is an active member of the CFA Society of Los Angeles, and is the society’s resident expert on MBS.

Bill Berliner, Director of Analytics