Taper Tantrum Two? Comparing 2013 to 2022 & What Lenders Can Do

View the recording below from this MCT Industry Webinar on April 19th at 11AM PT.

In this webinar, MCT’s Phil Rasori, Justin Grant, and Andrew Rhodes compare 2013 to 2022 in terms of the deteriorating market, market liquidity in specific coupons, loan sale execution liquidity, and investor pricing performance. They also share actionable recommendations to protect your business and pipeline. 

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“While there are some worrisome similarities between the Taper Tantrum of 2013 and the current market dynamic, lenders also have reason for optimism and opportunities to make the best of challenging conditions.” – Phil Rasori, COO of MCT

About the Webinar:

This one-hour webinar will provide analysis and commentary on the current market environment along with actionable recommendations that every lender should know.

Topics Include:

  • Current market overview
  • Comparison between 2013 Taper Tantrum and today
  • Reactions within the mortgage community
  • Market liquidity in specific coupons
  • Loan sale execution liquidity
  • Investor pricing performance
  • Recommendations for lenders

View the recording below or download the slidedeck

MCT Client Webinar

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, Director 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, Director 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.