QE to QT: Current Market Recommendations [MCT Industry Webinar]

This webinar from September 23rd has concluded. Please view the recording and slide deck below.

In this webinar, MCT’s Phil Rasori, Andrew Rhodes, Justin Grant, and Paul Yarbrough discuss the three distinct market deteriorations over the course of this year, what to look for moving forward, and a set of recommendations to improve performance now. 

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About the Webinar:

In this webinar, MCT’s Phil Rasori, Andrew Rhodes, Justin Grant, and Paul Yarbrough debrief and analyze recent market activity and provide key recommendations. 

Topics Include:

  • Analysis of market declines: YTD, and the period June 10th CPI surprise through September 13th CPI
  • Latest phase in Federal Reserve transition from Quantitative Easing to Quantitative Tightening
  • Bid offer spreads and coupon liquidity
  • What to look for moving forward
  • Key recommendations to mitigate risk in your pipeline
  • Unique and expanded execution opportunities

View the recording below or download the slide deck.

About the Webinar Presenters:

Phil Rasori, Chief Operating Officer, MCT

Mr. Rasori is a recognized thought-leader in capital markets operations within the mortgage banking community. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization. He developed the ground-breaking mortgage pipeline hedging algorithms that form the foundation of MCT’s HALO Program today. He has also pioneered several metrics that have become standard industry parlance, including “beta pull-through” factors. In addition to banking clients, Mr. Rasori has consulted with GSE agencies and the US Government on hedging best practices for community banks. Mr. Rasori has functionally led MCT operations since 2005 and ascended to his current role as COO in 2007.

Mr. Rasori is a graduate of University of California, San Diego, and holds a B.S. in Management Science.

Andrew Rhodes, Senior Director, Head of Trading, MCT

Mr. Rhodes began his career with MCT in 2005 as the company’s first dedicated loan sale specialist. He initially created investor specific models to accurately produce market based mandatory pricing for all pricing aspects in MCT including rate sheet generation,  best executions, and fair market valuations. During the years following his hire, his role was redefined to include client pipeline risk management. Over the years he was able to grow with the company gaining skills and experience in multiple fields in secondary. He was soon after named as SVP of Trading. As a part of his daily operations he has been responsible for overseeing the risk management and loan sale execution for many of MCT’s clients. Outside of the daily operations, Mr. Rhodes has been instrumental in helping to roll out MCTlive’s BAM Platform among many of the other new initiatives at MCT.

Mr. Rhodes graduated from the University of California, San Diego, and holds a B.A. in Economics.

Justin Grant, Senior Director, Head of Investor Services, MCT

Mr. Grant began his career with MCT in 2006 as a junior trader and has quickly ascended the ranks to his current position as SVP of Capital Markets, which he was promoted to in January of 2014. During this period, he has been responsible for overseeing the risk management and loan sale execution for many of MCT’s clients and specializes in those that are federally chartered banks. Mr. Grant was also the creator of MCT’s first robust back end pricing engine that would power the fair market valuations for all of its clients. Mr. Grant’s areas of expertise include pipeline hedging, pull through analytics, SAS reporting, MSR valuations, MBS issuance and risk management. On top of his daily account management duties Mr. Grant manages the Business Intelligence division of MCT and also consults with the analytics team that is responsible for much of the research that is the foundation of the award-winning HALO program.

Mr. Grant graduated Cum Laude from the University of California, San Diego, and holds a B.S. in Management Science.

Paul Yarbrough, Senior Director, Head of Client Success Group, MCT

Secondary marketing expert Paul Yarbrough has joined San Diego-based MCT Trading Inc., a mortgage risk management provider offering pipeline hedging, best-executive loan sales and centralized lock desk services, to oversee new client on-boarding, manage the company’s secondary marketing technology and implement necessary solution training.

Yarbrough has 13 years of experience operating in the secondary marketing divisions at Evolve Bank and Trust, Willow Bend Mortgage, Nationstar, Service First Mortgage and Realty Mortgage. Further, Yarbrough has detailed knowledge concerning how to leverage secondary marketing technology to proficiently run capital markets functions. “Paul will play an important role in implementing and training lenders on our secondary marketing technology platform MCTlive!, as well as ancillary solutions,” says Curtis Richins, president of MCT.

Mr. Yarbrough has a BA in Finance from West Texas A&M with a minor in Economics.