MCT Webinar – Impact of FHFA & Treasury Suspending Certain Portions of the 2021 PSPA
Join us on September 24th at 10am PT as we review the impact to lenders from FHFA and U.S. Department of Treasury announcing the suspension of certain provisions which were put in place by the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac on January 14th, 2021.
In this webinar, Phil Rasori, Andrew Rhodes, and Justin Grant will review how changes to FHFA’s Preferred Stock Purchase Agreement and corresponding reactions from Fannie Mae and Freddie Mac will impact your business.
This webinar has concluded. Please view the recording and slidedeck below.
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View the MCT Industry webinar recording below or download the slidedeck.
About the Webinar
In this webinar, Phil Rasori, Andrew Rhodes, and Justin Grant will review how changes to FHFA’s Preferred Stock Purchase Agreement and corresponding reactions from Fannie Mae and Freddie Mac will impact your business.
Topics include:
- FHFA's announcement and subsequent communication from the GSEs
- The effect on execution strategies and the secondary market
- How to best stay abreast of any future changes
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, 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 MCT Marketplace among many of the other new initiatives at MCT.
Justin Grant, Director, 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.
