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CME Group’s Agha Mirza Talks Mortgage Rate Futures, Trading on an Exchange, Cross-Margining | November 2024 Data
Welcome to this month’s episode of the Market Advantage podcast by Optimal Blue, where we analyze mortgage lock data from November 2024 and feature an interview with Agha Mirza, managing director and global head of rates and OTC products at CME Group.
Key Takeaways:
- November mortgage rate lock activity: Overall lock volume fell 25% MoM, yet stood 12% higher YoY, providing some reason for optimism.
- Mortgage Rate futures: CME Group has partnered with Optimal Blue to launch Mortgage Rate futures in January 2025 – a game-changer for managing risk across mortgage pipelines, MSRs, and securities.
- Centralized trading platform: CME Group’s single platform reduces counterparty risk, and the company’s approach to margining and clearing provides advantages to mortgage lenders in terms of liquidity and operational efficiency.
Hosts: Olivia DeLancey & Brennan O'Connell
LINKS AND RESOURCES
Optimal Blue:
- Market Advantage mortgage data report | November 2024 data: https://www2.optimalblue.com/wp-content/uploads/2024/12/OB_MarketAdvantage_MortgageDataReport_Nov2024.pdf
- Press release: CME Group to Launch Mortgage Rate Futures: https://www2.optimalblue.com/cme-group-to-launch-mortgage-rate-futures-in-january-2025/
- Subscribe to the Market Advantage mortgage data report: https://www2.optimalblue.com/market-advantage/
- Optimal Blue Summit: summit.optimalblue.com
- Follow Optimal Blue on LinkedIn: https://www.linkedin.com/company/optimal-blue/
Mentioned in this episode:
Capture for Originators
Reengage Past Clients Without the Spreadsheet Headache
Tired of manually hunting for refinance opportunities? Capture for Originators does the heavy lifting for you. It automatically scans your closed loan portfolio and flags recapture opportunities – no spreadsheets, no manual work. Just actionable recapture opportunities delivered straight to you.
Learn more: https://www2.optimalblue.com/optimal-blue-launches-new-lead-generation-tool-for-originators or reach out to your Optimal Blue Client service representative for more information.
Market Advantage – Newly Enhanced With New Originator and Secondary Markets Data Points
Smarter Lending Starts with Smarter Data
The newly enhanced Market Advantage report from Optimal Blue delivers unmatched insights across both origination and secondary markets, including property type, debt-to-income ratio, first-time homebuyer status, servicing rights, market rate indices, and investor count at loan sale.
📊 Get the data from the engine that powers your profitability. https://engage.optimalblue.com/market-advantage
View all episodes
By Optimal BlueWelcome to this month’s episode of the Market Advantage podcast by Optimal Blue, where we analyze mortgage lock data from November 2024 and feature an interview with Agha Mirza, managing director and global head of rates and OTC products at CME Group.
Key Takeaways:
- November mortgage rate lock activity: Overall lock volume fell 25% MoM, yet stood 12% higher YoY, providing some reason for optimism.
- Mortgage Rate futures: CME Group has partnered with Optimal Blue to launch Mortgage Rate futures in January 2025 – a game-changer for managing risk across mortgage pipelines, MSRs, and securities.
- Centralized trading platform: CME Group’s single platform reduces counterparty risk, and the company’s approach to margining and clearing provides advantages to mortgage lenders in terms of liquidity and operational efficiency.
Hosts: Olivia DeLancey & Brennan O'Connell
LINKS AND RESOURCES
Optimal Blue:
- Market Advantage mortgage data report | November 2024 data: https://www2.optimalblue.com/wp-content/uploads/2024/12/OB_MarketAdvantage_MortgageDataReport_Nov2024.pdf
- Press release: CME Group to Launch Mortgage Rate Futures: https://www2.optimalblue.com/cme-group-to-launch-mortgage-rate-futures-in-january-2025/
- Subscribe to the Market Advantage mortgage data report: https://www2.optimalblue.com/market-advantage/
- Optimal Blue Summit: summit.optimalblue.com
- Follow Optimal Blue on LinkedIn: https://www.linkedin.com/company/optimal-blue/
Mentioned in this episode:
Capture for Originators
Reengage Past Clients Without the Spreadsheet Headache
Tired of manually hunting for refinance opportunities? Capture for Originators does the heavy lifting for you. It automatically scans your closed loan portfolio and flags recapture opportunities – no spreadsheets, no manual work. Just actionable recapture opportunities delivered straight to you.
Learn more: https://www2.optimalblue.com/optimal-blue-launches-new-lead-generation-tool-for-originators or reach out to your Optimal Blue Client service representative for more information.
Market Advantage – Newly Enhanced With New Originator and Secondary Markets Data Points
Smarter Lending Starts with Smarter Data
The newly enhanced Market Advantage report from Optimal Blue delivers unmatched insights across both origination and secondary markets, including property type, debt-to-income ratio, first-time homebuyer status, servicing rights, market rate indices, and investor count at loan sale.
📊 Get the data from the engine that powers your profitability. https://engage.optimalblue.com/market-advantage