Potential Impacts of the Election on the MBS Market
[Agile Trader Talk Webinar]Please join us for our latest Trader Talk webinar on October 22, 2024 at 11AM PT. Greg Vacura, president of Agile, will host a group of panelists to discuss recent Fed actions, the 2025 MBS market, possible reactions in the MBS market to an election victory by either candidate, and more.
Mr. Vacura is a thirty-year mortgage industry veteran who previously served as SVP of Correspondent Pricing at Wells Fargo Funding, where he managed all aspects of correspondent mortgage pricing including the mandatory trade desk, best efforts lock desk, and revenue analytics. Mr. Vacura has been a proven pioneer throughout his career, changing the mortgage industry through groundbreaking innovations like the PerformanceWorks seller grading program, bid tape AOT loan sale deliveries, and a patented AI machine-learning loan-level bid automation system. He’s now been tasked with applying that deep industry expertise toward achieving Agile’s mission of creating a better MBS market. Mr. Vacura prides himself on prioritizing and developing his teams, fostering trust, loyalty, and collaboration. He holds a degree in Business Management from Hamline University and enjoys spending time outdoors with his wife and three children around their Minnesota home.
Chris Maloney is the mortgage strategist for BOK Financial Capital Markets and has over a quarter century of experience in the industry, beginning his career on the NASDAQ trade desk at Prudential Securities. Afterward he managed fixed income portfolios at both Lehman Brothers then Neuberger Berman.
He most recently was the mortgage strategist for over a decade on the First Word desk at Bloomberg News. He earned his MBA from NYU Stern and is currently working on his second book concerning the creation of the Federal Reserve System.
Mr. McHugh manages the firms Agency MBS, TBA, and Gestation Repo trading desks. In addition, Thomas heads the TBA & repo sales initiative for JVB. Thomas’s responsibilities include: trading and structuring all liabilities; oversight of the trade margining and exposure to counterparties; coordination of trade settlements; cash management; and maintaining the trading and credit relationships with the broker dealer and securities lending community. Mr. McHugh is also instrumental in the negotiations of the credit terms within all trading agreements
Specialties: TBA & MBS/ABS/CMBS/Corporate Repo trading and managing a matched repo book, structuring long term repo, trade settlement, Cash Managment, Counterparty Credit process, design of trade, margin and liability platforms and Negotiation of trade agreements (ISDA, MRA, Sec Lending, MSFTA, Prime Brokerage, Futures, Custodian)
We believe that a transparent market is a better market, for all industry participants. This is why we’ve created a revolutionary electronic MBS platform that brings together mortgage lenders and broker-dealers of all sizes.
Because every counterparty deserves access to a fair, efficient and transparent marketplace.
