With its recent introduction of BAM Marketplace, the world’s first truly open loan exchange, MCT has moved toward the ultimate secondary marketing goal – a loan exchange where every loan can be priced by every investor, regardless of approval status. “Gone are the days of a finite set of investors, not knowing who has an axe or who may offer the best price,” said Curtis Richins, President, MCT. “BAM Marketplace is the only exchange where sellers can receive executable bids from unapproved buyers.” MCT clients have experienced average covers such as a pick-up of 46 bps on government production, 42 bps on loans under $200k, and 89 bps on low-FICO government production.