Fed Adds $87.7 Billion To Financial System in Latest Repo Transactions

Banks asked for $67.6 billion in overnight reserves, all of which the Fed accepted.  In a separate operation, banks asked for $20.1 billion in 14-day loans, all of which was accepted by the Fed, offering collateral in the form of Treasury and mortgage securities.

Benefits of the digital mortgage for hedging unclear

The benefits of going digital in origination, while clear cut for consumers and internal players, are not clear in the hedging atmosphere. Among its digital mortgage assumptions, the industry tends to expect that hedging will be contoured by increased investor demand and preference for digitally executed loans. However, industry veterans of multiple cycles know all too well what can happen when we assume.

Empire State Manufacturing Survey has positive indications

The general business conditions index noticed slight growth and move up two points to 4.0 while 30% of respondents reported that conditions had improved over the month. The index for number of employees came in at 7.6 as well pointing to modest employment gains. Indexes which assessed the six-month outlook suggested that optimism of future conditions improved slightly but remain subdued overall; it edged up three points to 17.1 but remained below levels seen for much of the past few years.
What We Do
Three reasons to choose us for all your Ideal hedging

Services

Maximize your Execution The mortgage pipeline is a very dynamic component of a mortgage banking business. Each day, new locked applications are coming in, loans are closing, locked applications are being denied or withdrawn and terms of existing locks are

Philosophy

At Vice Capital Markets, our hedging philosophy and process is both conservative and analytical.  Using your own historical data, we determine the expected fallout levels for each type of mortgage product in your pipeline.  Using this information along with the

Benefits

  Primary Benefits of Hedging Greatly improved execution over best efforts. In typical market environments, a 25 to 55 basis point improvement in execution is realized. In high-volume environments, double the typical improvement is not unusual. Improved flexibility and execution
We'd love to hear from you!
Let us know what you're thinking
Learn More
About Us
At Vice Capital Markets our goal is to help you

Since 2001, Vice Capital Markets has successfully managed the interest rate risk and maximized the profitability on over $400 billion of mortgage-backed securities trades and mortgage-related transactions.

Our expertise and familiarity with many types of executions and end investors has yielded superior results for our clients.

Through long rallies, swift declines, and multiple interest rate shocks our fallout models and risk management strategies have steadily and successfully weathered market fluctuations of all degrees.

Meet the Team
Some of our Company Officers

Troy D. Baars

President

Shawn D. Ansley

Managing Director

Kimberly M. Campbell

Vice President

Christopher M. Bennett

Principal
Trust our Seasoned Mortgage Banking Professionals for your Hedging Needs
Get Solutions

SiteLock