Hedging Explained: by Trading Places
In the 1983 movie Trading Places, Louis Winthrope (Aykroyd) and Billy Ray Valentine (Murphy) attempt to “get rich quick” while at the...
Doctor Andy Schell - The Profit DoctorTM
10 Steps to Launch Hedging
Best Efforts and TBA-MBS short protect IRLC Historically, TBA-MBS increases gain by 30bp to 60bp depending on market and product When...
CEO's Guide to Hedging
Understanding the Blackbox of Margin Preservation When rates go up, the value of the pipeline and warehouse goes down. The reason there...
CFO's Guide to Hedging
A CFO knows that mortgage lenders are exposed to interest rate risk. A CFO knows that as rates rise, the gain on sale falls and the...
IRLC Supplement 12-31-20
Dr. Andy Schell’s Mortgage Accounting White Paper Series IRLC Fair Value 2021 Supplement to Hedging, Fair Value, Market Value, and the...
Hedging, Fair Value, & the IRLC
Every mortgage lender experiences market risk.
The interest rate environment is continuously moving up and down. Each rate movement impact
Mortgage Pipeline Hedging
Market risk is a reality in any mortgage banking operation resulting from fluctuations in interest rates. Fluctuations in interest rates...