The capital markets backdrop has shifted—volatility, regulatory changes, and agency strategies are all front and center. STRATMOR’s Advisory Angle panel explores how today’s pressures ripple through rate sheets, execution strategy, and lender results. - Specified pools: current volatility, risk and impact on execution - How attributes like loan amount, geography, and property type affect prepayment modeling - Risk management: to what extent are spec pay-ups passed through to borrowers? - Basel III’s implications for bank mortgage demand and servicing - Agency and regulatory developments: condo loan guidelines, LLPA shifts, and the effect of Fed/agency MBS activity TIMESTAMPS 00:00 Investing in mortgage-backed securities 04:27 Challenges of market volatility 10:18 Challenges with spec payoffs 13:59 Handling prepayment assumptions and hedging 15:07 Loan analysis and bid tape basics 20:36 Pricing strategies for cash window 22:02 Pricing strategies and tech in mortgages 25:07 Discussion about Federal Reserve decisions 30:59 How global factors impact rates 33:57 Explaining mortgage risk weights 35:37 Fannie Mae and Freddie Mac updates 42:28 Fed policy and coordination concerns 45:13 Federal Reserve and market stability 46:41 Wrapping up the discussion CONNECT: 🔔 Subscribe for weekly mortgage industry insights 📩 Daily Newsletter: https://www.chrismancommentary.com/subscribe 🎧 Podcast: https://www.chrismancommentary.com/podcast 💼 Chrisman Commentary: https://www.chrismancommentary.com #MortgageIndustry #SpecifiedPools #NewAmericanFunding #capitalmarkets #ChrismanCommentary #SecondaryMarketing #CapitalMarkets #BaselIII #FedPolicy #CondoLending #MBSPricing #MortgageNews

Get executive-level insights from STRATMOR Group’s monthly Advisory Angle panel. This episode breaks down the market volatility, evolving credit costs, and what top capital markets leaders are strategizing today. - How today’s volatility impacts hedging and loan officer communication - Growth stories and competitive strategy at New American Funding - Approaches to non-QM, jumbo, and non-agency loan hedging - Industry sentiment on new products, rates, and upcoming GSE reforms - The shifting credit landscape: costs, borrower impact, and future innovation Watch the full discussion for practical takeaways. TIMESTAMPS 00:00 Mortgage Market Trends & Tools 06:40 "Rob Christman: Market Insights" 07:54 Navigating Market Volatility Strategies 12:41 Hedging Costs and Margin Strategies 17:20 Optimizing Non-QM Loan Strategy 18:22 Optimizing Loans for Market Dynamics 24:34 Loan Strategies and Financial Viability 27:36 Fixing Industry Pricing and Risk 29:54 "Market Acceptance and Automation" 34:23 Fannie, Freddie Conservatorship Uncertainty 37:22 Credit Scores, Costs, and Control 40:51 Challenges in Shifting Lending Practices 43:48 Panel Discussion on Credit Policy CONNECT: 🔔 Subscribe for weekly mortgage industry insights 📩 Daily Newsletter: https://www.chrismancommentary.com/subscribe 🎧 Podcast: https://www.chrismancommentary.com/podcast 💼 Chrisman Commentary: https://www.chrismancommentary.com #MortgageIndustry #MortgageCreditCosts #NewAmericanFunding #AdvisoryAngle #ChrismanCommentary #HousingFinance #GSEPolicy #SecondaryMarkets #CapitalMarkets #NonQM #Automation #MortgageNews

Get insider perspectives on capital markets and mortgage industry trends from top experts. This episode features actionable insights, practical advice, and candid discussions from experienced professionals. - Career backgrounds and expertise of the hosts in mortgage operations, capital markets, and correspondent lending - Recommendations for educational resources, books, and training courses in mortgage capital markets - Current market outlook, including rate trends, Fed moves, and borrower behavior in today’s environment - Changes in refinance activity, borrower savviness, and recapture strategies for both retail and wholesale lenders - Real-world applications and challenges of artificial intelligence and predictive technologies in mortgage operations, fraud detection, and guideline management TIMESTAMPS 00:00 Ira Sellin: Mortgage Industry Veteran 04:41 "Learning Capital Markets Essentials" 08:25 "Demystifying Mandatory Book Discussion" 11:38 Mortgage Career Foundations 16:14 Preparing for Economic Data Impact 18:07 Acceptance and Future Outlook 23:26 "Rise of the Savvy Borrower" 24:26 "Stop Waiting for Lending Booms" 29:20 "Rethinking Lender Recapture Strategies" 32:34 "Marketing Then and Now" 35:16 AI Implementation: Progress and Challenges 38:57 AI's Role in Fraud Detection 42:15 AI-Powered Chatbot for Guidelines CONNECT: 🔔 Subscribe for weekly mortgage industry insights 📩 Daily Newsletter: https://www.chrismancommentary.com/subscribe 🎧 Podcast: https://www.chrismancommentary.com/podcast 💼 Chrisman Commentary: https://www.chrismancommentary.com KEYWORDS capital markets, mortgage industry, loan officers, refinancing, interest rates, AI, artificial intelligence, fraud detection, underwriting, guideline tools, servicing, predictive analytics, borrower behavior, mortgage operations, risk management, hedging, mortgage education, secondary marketing, market trends, purchasing, broker shops, industry challenges, technology innovation, vendor management, mortgage sales, lock desk #MortgageIndustry #MortgageCapitalMarkets #PlazaHomeMortgage #NowNextLater #ChrismanCommentary #MortgageTechnology #AIinMortgage #Refinance #HousingFinance #MortgageRates #LoanOfficerStrategy #AIandFraud #GuidelineManagement #BorrowerExperience

Capital markets update: Trump $200B MBS, credit card rate caps, and institutional home buying. Rob Chrisman, Dawn Meshel, and panel break it down. Discover the latest shifts in the mortgage industry as the Capital Markets Wrap team analyze headline-making moves that impact housing finance: Trump’s $200B MBS purchase proposal, Fannie/Freddie’s evolving role, and the ripple effects on mortgage rates. Hosts Rob Chrisman, Dawn Meshel, Rob Kessel, James Baublitz, and Ira Selwin tackle key questions: Will non-QM products outpace agency loans? How do institutional buyers affect first-time homeownership? What really drives credit cost, liquidity, and origination trends in 2024? Plus, actionable insights on product rollouts, hedging, and broker perspectives. Perfect for mortgage executives and capital markets pros seeking a strategic edge. CONNECT: 🔔 Subscribe for weekly mortgage industry insights 📩 Daily Newsletter: https://www.chrismancommentary.com/subscribe 🎧 Podcast: https://www.chrismancommentary.com/podcast 💼 Chrisman Commentary: https://www.chrismancommentary.com TIMESTAMPS: 00:00 Trump's $200B MBS Announcement 04:25 Trump Admin Directs $200B MBS Purchase 07:54 "Fed Response and Market Stability" 11:09 Mortgage Market Trends and Insights 16:26 Institutional Buyers in Housing Market 19:19 "Debating Rate Caps and Usury" 23:44 Growing Demand for Non-QM Loans 28:44 "Sticking to Best Efforts" 29:53 "Scaling Non-QM Loan Strategies" 34:07 Shifting Mortgage Product Trends 39:36 "Profitability vs. Affordability Dilemma" 42:15 "Optimizing Loan Pricing Decisions" 44:16 "Opportunities in Market Volatility" KEYWORDS: Capital markets, mortgage rates, MBS purchases, Trump announcement, Fannie Mae, Freddie Mac, GSEs, non-QM loans, DSCR, interest rate cap, institutional investors, single family homes, affordability, Plaza Home Mortgage, best execution, spreads, pipeline management, underwriting exceptions, supply and demand, product rollout, mortgage origination, Fed policy #MortgageIndustry #CapitalMarkets #FannieMae #FreddieMac #NonQM #InstitutionalInvestors #MBS #AdvisoryAngle #ChrismanCommentary #MortgageRates #HousingFinance #Polly #PlazaHomeMortgage #DSCR #CreditCosts #MortgageNews

Capital Markets Wrap is your premier source for the latest developments in the mortgage capital markets. Each month, panelists provide in-depth analysis and updates on key trends, policy changes, and market movements affecting the mortgage industry. Our show covers a wide array of topics including bond market fluctuations, interest rate trends, MBS news, and economic indicators impacting capital markets. Join us as we dissect the most pressing issues, offering expert commentary and actionable insights to help you navigate the complexities of the mortgage capital landscape. On this episode of Capital Markets Wrap presented by Polly, our panel breaks down the December slowdown in MBS trading, what to expect from this week’s Fed meeting, and how early 2025 forecasts point to brief but meaningful refi windows. They also discuss the impact of the 3.2 percent conforming loan limit increase, the real median age of first-time homebuyers, the implications of record home equity levels, and how upcoming trigger-lead restrictions may shape recapture strategies heading into the new year. Founded by industry veteran Rob Chrisman, Chrisman Commentary is your trusted source for mortgage industry insights and updates. Whether you are a mortgage broker, lender, investor, or industry enthusiast, Chrisman Commentary will keep you informed and ahead of the curve in this dynamic, ever-evolving industry. Join our community and stay on top of the latest trends in mortgage lending. #ChrismanCommentary #MortgageRates #HousingMarket #MortgageIndustry

Capital Markets Wrap presented by Polly is your premier source for the latest developments in the mortgage capital markets. Each month, panelists provide in-depth analysis and updates on key trends, policy changes, and market movements affecting the mortgage industry. Our show covers a wide array of topics including bond market fluctuations, interest rate trends, MBS news, and economic indicators impacting capital markets. Join us as we dissect the most pressing issues, offering expert commentary and actionable insights to help you navigate the complexities of the mortgage capital landscape. Capital Markets Wrap presented by Polly is your premier source for the latest developments in the mortgage capital markets. Each month, panelists provide in-depth analysis and updates on key trends, policy changes, and market movements affecting the mortgage industry. Our show covers a wide array of topics including bond market fluctuations, interest rate trends, MBS news, and economic indicators impacting capital markets. Join us as we dissect the most pressing issues, offering expert commentary and actionable insights to help you navigate the complexities of the mortgage capital landscape.

Capital Markets Wrap is your premier source for the latest developments in the mortgage capital markets. Each month, panelists provide in-depth analysis and updates on key trends, policy changes, and market movements affecting the mortgage industry. Our show covers a wide array of topics including bond market fluctuations, interest rate trends, MBS news, and economic indicators impacting capital markets. Join us as we dissect the most pressing issues, offering expert commentary and actionable insights to help you navigate the complexities of the mortgage capital landscape. On this episode of Capital Markets Wrap presented by Polly, our panelists break down the latest market pressures as the government shutdown looms and lenders navigate loans tied to government workers. They’ll examine why Treasury and mortgage rates remain elevated despite the Fed’s rate cuts, debate early moves to raise conforming loan limits, and unpack what happens if the FHFA holds steady. Plus, a look at how prepayment speeds, SRP values, and non-solicitation terms are shaping secondary market strategy as the industry prepares for a potential refi wave.

On this episode of Capital Markets Wrap presented by Polly, our panelists explore the dynamics between agency and non-agency lending, with particular attention to non-QM products, portfolio lending, and private-label securitization. The conversation highlights how LLPAs influence competitiveness and the market share of Fannie Mae and Freddie Mac versus private lenders. The session concludes with reflections on lender strategies and closing remarks from the speakers.

On this episode of Capital Markets Wrap presented by Polly, our panelists explore the upcoming Fannie Mae and Freddie Mac IPOs and whether the new Fed member or incoming chair will impact policy. They also dig into why the September Fed meeting is so critical, with no August meeting and major data on the horizon. Plus, get key insights from the Western Secondary conference. Register today.

On this episode of Capital Markets Wrap presented by Polly, our panelists break down the latest jobs data and how the market responded, including what it could mean for the Fed’s next move. They’ll also cover current lock volume trends, along with a look at recent headlines around appraisal fraud in Baltimore and the importance of maintaining a diversified investor base. Register today.

On this episode of Capital Markets Wrap presented by Polly, our panelists share takeaways from MBA Secondary and discuss how ongoing volatility—and the right tech—can shape how originators navigate today’s market. They’ll also explore how the future of Fannie and Freddie is unfolding on social media, and dive into trends in AUS-driven jumbo, non-QM, and ARM products.

In this episode of Capital Markets Wrap presented by Polly, our industry experts analyze the key takeaways from the latest Federal Reserve meeting and member commentary, offering insights into potential market direction and monetary policy trends. Our panel breaks down how reduced market volatility—especially compared to early April—is refocusing investor attention on critical economic indicators, including inflation data, jobs reports, and GDP growth. We also examine recent updates in the U.S. tariff landscape and their potential impact on capital markets. Additionally, discover how advancements in capital markets technology are enhancing transparency, precision, and efficiency in the secondary mortgage market process. 🔍 Topics Covered: Federal Reserve outlook & rate policy implications Economic data trends influencing investor sentiment Tariff developments and trade policy impact Innovations in capital markets tech & automation 📈 Stay ahead of the curve with actionable insights into the evolving capital markets environment. Subscribe for more expert commentary and updates @ChrismanCommentary #ChrismanCommentary #MortgageNews #CapitalMarkets #FederalReserve #EconomicOutlook #MarketAnalysis #MortgageTechnology #MortgageTech #TrumpTariffs #Tariffs #SecondaryMarket #InterestRates #FinanceNews #MortgageRates #Mortgage #Innovation #Tradepolicy

On this episode of Capital Markets Wrap presented by Polly, our panelists examine the impact of Rocket’s acquisition of Mr. Cooper on base TBA pricing and prepay speeds. They will also dive into Liberation Day and the latest tariff updates, and how these factors are influencing the market. Capital Markets Wrap is your premier source for the latest developments in the mortgage capital markets. Each month, panelists provide in-depth analysis and updates on key trends, policy changes, and market movements affecting the mortgage industry. Our show covers a wide array of topics including bond market fluctuations, interest rate trends, MBS news, and economic indicators impacting capital markets. Join us as we dissect the most pressing issues, offering expert commentary and actionable insights to help you navigate the complexities of the mortgage capital landscape.

In this episode of Capital Markets Wrap p/b Polly, we dive into the latest trends shaping the secondary mortgage market and what they mean for lenders, investors, and originators. We explore why uncertainty rattles markets, how volatility cuts into secondary profits, and whether today’s fluctuations are the new normal. The discussion also covers how President Trump’s activities are influencing the mortgage space, key developments in PPE technology, and what’s ahead on the innovation roadmap. We break down the math behind renegotiations, the reasoning behind early payoff penalties, and the growing role of Capital Markets teams in delivering new products to LOs and AEs. Plus, with the Fed’s next meeting just around the corner (March 18-19), we analyze what’s already priced into the market, potential outcomes, and why the Fed’s decision itself isn’t what actually moves rates. Don’t miss this deep dive into the forces shaping the mortgage industry right now!

On this episode of Capital Markets Wrap presented by Polly, our panelists discuss the fallout from Rohit Chopra's removal from the CFPB, the impact on TRID/ATR enforcement, and the misconception that regulations will disappear without legislative change. They also cover tariffs and other key regulatory challenges.

On this month's Capital Markets Wrap presented by Polly, Rob Chrisman hosts a conversation with Ira Selwin, James Baublitz, and Marcus Lam, discussing key trends in the mortgage and capital markets. Mortgage Market Insights: Ira Selwin emphasizes adaptability in the current high-rate environment (7%–7.25%), where flexible lending is becoming essential. He advises lenders to focus on what they can control, like originations and recruitment, rather than predicting rates. He also underscores the importance of buying homes now, even if rates drop later. Education & Training: James Baublitz explains that the Academy attracts a diverse group of professionals, from loan officers to tech experts, all seeking to expand their secondary marketing and capital markets knowledge. He highlights the need for professionals to understand complex mortgage products, from servicing cash flows to MSRs. Technology in Training: Marcus Lam discusses Polly’s AI-powered tools that help mortgage professionals learn more effectively, offering interactive guides and personalized support. He humorously recalls a conference experience where he was distracted by a puppy event. M&A and Market Shifts: Rob Chrisman predicts an uptick in mergers and acquisitions in the mortgage space, driven by companies rethinking their strategies in response to the tough market conditions. The discussion highlights industry challenges like rate volatility, the importance of education, and how companies are leveraging technology and adaptability to succeed in a changing market.

On this episode of Capital Markets Wrap presented by Polly, our panelists Rob Chrisman, Rob Kessel, and Marchs Lam dive into the latest trends in Treasury security spreads and explore their potential effects on mortgage rates. They also discuss the future of the GSEs, examining how Fannie Mae and Freddie Mac might adapt to the changing market and what this means for business with them going forward.

This month's Capital Markets Wrap presented by Polly that breaks down all things secondary marketing post-election is one you won't want to miss. Moderator Rob Chrisman is joined by usual panelists Ira Selwin, Rob Kessel, and Marcus Lam to talk recent volatility, Freddie and Fannie's conservatorship, the focus of capital markets desks moving into 2025, and more.

With Rob C. changing travel plans due to Hurricane Milton, Robbie joins Rob Kessel, Ira Selwin, and Marcus Lam on this month's Capital Markets Wrap p/b Polly to discuss loan amount limits, Freddie Mac's new LPA choice, natural disasters' impacts on the ability to close loans, and how recapture assumptions are driving servicing values.

Ira, Marcus, and Robbie touch on all the latest from the capital markets side of things, from early payoffs to MSR values, chatter in the hallways from the TMC conference in Denver, and also go through some capital markets 101 and 202 for origination staffs.