6-15-20 A Look at the Coronavirus Effect on the Mortgage Market
The mortgage industry has been drastically affected by the coronavirus, as have many other industries throughout the world. In order to gain a perspective on all the volatility in the mortgage markets we thought we\u2019d bring Matt Graham in to provide his insights.\n\nWant to know more about Matt Graham?\n\nMatt began as an originator in 2002. He fell in love with the idea of following MBS in real time, but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, a first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country.\n\nHe\u2019s been covering bond/mortgage markets, writing commentary, alerts, and chatting with live community every business hour of every business day ever since.\n\nMatt also serves as the Chief of Operations for mortgagenewsdaily.com where he is one of the industry\u2019s most respected mortgage rate experts, frequently quoted in the media. MortgageNewsDaily\u2019s rate index is used as the definitive resource on day-to-day mortgage rate averages.\n\nHe lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he\u2019d care to admit.\n\nTopics covered in this Interview:\nMassive volatility. Margin call angst.No servicer backstop in CARES Act, servicer angst.The \u201cspread\u201d environment is like nothing we\u2019ve ever seen. Very different from the financial crisis.What will make it better?Live market data is just the beginning, benefits of a live community.The mortgage industry has been drastically affected by the coronavirus, as have many other industries throughout the world. In order to gain a perspective on all the volatility in the mortgage markets we thought we\u2019d bring Matt Graham in to provide his insights.\n\nWant to know more about Matt Graham?\n\nMatt began as an originator in 2002. He fell in love with the idea of following MBS in real time, but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, a first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country.\n\nHe\u2019s been covering bond/mortgage markets, writing commentary, alerts, and chatting with live community every business hour of every business day ever since.\n\nMatt also serves as the Chief of Operations for mortgagenewsdaily.com where he is one of the industry\u2019s most respected mortgage rate experts, frequently quoted in the media. MortgageNewsDaily\u2019s rate index is used as the definitive resource on day-to-day mortgage rate averages.\n\nHe lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he\u2019d care to admit.\n\nTopics covered in this Interview:\nMassive volatility. Margin call angst.No servicer backstop in CARES Act, servicer angst.The \u201cspread\u201d environment is like nothing we\u2019ve ever seen. Very different from the financial crisis.What will make it better?Live market data is just the beginning, benefits of a live community.