What is Fourth Month?

with Greg Vacura, President, Agile

Agile is a fintech company that focuses on efficiency and liquidity in the MBS market. 

Watch the video interview to hear what Greg Vacura, president of Agile, has to say about fourth month opportunities at Agile. 

Video Topics: 

  • Why did Agile decide to add a competitive bidding element for fourth month to the platform?
  • What are the typical uses for fourth month coverage from a lender perspective?
  • How might this practice lead to lower hedge costs?
  • What does the future hold for availability beyond fourth month?
 

Watch the video to learn more about fourth month opportunities from its president, Greg Vacura.

Play Video

Unlocking More Hedging Options Through an Electronic Platform

"Fourth month is a TBA trading window that is beyond the standard windows. Typically TBA trades are done for first, second, and third months. We have added a fourth month for our lenders on the platform. We felt that there was a market need for originators to have a fourth month option to help their hedging positions."

- Greg Vacura, President, Agile

Start a Conversation with Agile

Agile is a platform that allows mortgage bankers to solicit multiple quotes for their TBA securities. Agile can improve execution and potentially reduce trading errors due to removal of human error. Mortgage bankers who are interested in improving the efficiency and execution of their TBA trading should consider Agile. Contact Agile to get started.

About Agile

Agile brings together lenders and dealers of all sizes onto a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients with a team of capital markets professionals who have deep trading experience at financial organizations of every size.

*Agile is not available for retail natural person investors.