Demystifying Mandatory: The Beginner's Guide to Implementing and Managing a Hedging Program for Residential Mortgages

This guide — the first ever of its kind — offers mortgage bankers comprehensive, smart guidance about implementing and managing a hedging program. In this guide, a seasoned secondary marketing manager shares insight, experiences, and knowledge to show you how a hedging program works, what it takes to get it going, and what it’s like to manage it. You will learn a safe, conservative, and predictable approach to hedging that is accepted by the industry as the best tactic for small- to mid-size lenders. In this book, you’ll get the background information you need to move forward, a step-by-step walkthrough of the day-to-day routine and how to do it well, advice on getting started, and techniques to maximize your return. Find out . . . * Why mandatory execution makes you a better mortgage banker * The real risk and returns of a hedging program * Steps to take to get your organization ready * How to execute trades (and talk like a trader!) * The traps and how to avoid them