DXM
DXM is a financial technology that disaggregates and redistributes residential mortgage credit, prepayment and interest rate risks in a customized manner. Our solution helps attract liquidity from non-traditional investors into an increasingly liquidity constrained mortgage market.
DXM
DXM is a financial technology that disaggregates and redistributes residential mortgage credit, prepayment and interest rate risks in a customized manner. Our solution helps attract liquidity from non-traditional investors into an increasingly liquidity constrained mortgage market.
Who We Are
Banks
Enable banks to hedge interest rate and prepayment risks of 30-year fixed rate residential mortgages and reduce RMBS price volatility
Interest Rate Risk Investors
Create high leverage position, without repo-financing, for mortgage-backed instruments with customized level of legal final maturity, credit, interest rate and prepayment risks
Broker Dealers
Provide broker-dealers potential annual fee-income opportunities as riskless intermediaries with no balance sheet usage and warehousing risk
DXM solves a big problem in the residential mortgage financing market in a way that nothing in the marketplace currently does.
Timothy Mayopoulos
What We Do
Using an advanced technology platform on top of current Wall Street infrastructure, DXM solves a structural problem that impacts the mortgage securitization markets – How to Efficiently Split All Risks At Any Point Along the Yield Curve.
Standard residential mortgages generally have interest rate, prepayment and credit risks for a fixed maturity of 30 years. Currently these risks and maturity cannot be split on an efficient basis. This creates inefficient risk allocation and use of capital by banks, thus limiting profit, mortgage availability and market liquidity. To unlock profit and efficiency, those risks and maturity must be split in a way that mortgage pools are made fungible.
DXM uniquely achieves those objectives by enabling the customization of mortgage-backed instruments for any maturity (30 days to 30 years), duration or convexity and any level of credit, interest rate and prepayment risks.
DXM solution is the type of innovation the mortgage finance industry needs.
Randal Quarles
DXM solution is the type of innovation the mortgage finance industry needs.
Randal Quarles
DXM uniquely achieves those objectives by enabling the customization of mortgage-backed instruments for any maturity (30 days to 30 years), duration or convexity and any level of credit, interest rate and prepayment risks.
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