AD&Co.’s 2007 Conference proved that while our clients and friends may not be experts with YoYos, they do have insightful opinions and comments and ask challenging questions. We learned much from the attendees and hope that you gleaned some valuable nuggets of information that will save you time, make you money or manage your risks more effectively. We are perusing the great feedback provided in the survey responses and will use this information to plan next year’s conference and to deliver the products and services that meet your needs. Open this article

Most attendees of AD&Co.’s 2007 Conference were focused on their immediate business needs (and the roles they play) and unlikely to be equally interested in all of the topics that were presented. Those who trade and manage agency MBS and ARMs may be not have been particularly consumed by our credit talks and vice versa. We prepared talks that are interesting and important to us and (as we think) relevant to clients, so we hope every reader can find a few interesting thoughts in these commentary notes wrapping up the conference’s valuation themes. Open this article

At AD&Co.'s 15th Annual Conference we highlighted the work that we have done to enhance the suite of agency and non-agency prepayment models, especially ARMs. On the agency side, we now have models for both Fannie and Freddie hybrids. We decided to build separate models for the two agencies to account for the differences in prepayment speeds between them. The AD&Co. suite now also includes a model for Option ARMs. The latest ARM models have been fine-tuned so that they perform better for recent time periods and accurately capture the peak speeds around reset. Open this article