How was the Louve in Paris robbed? The password for the cameras was… ready? Louve. (I’m sure that the Smithsonian, MOMA, and Vatican IT staffs are busy changing theirs. (I have my passwords in a notebook… no one can read my scrawl.) Let’s hope that the Federal Aviation Administration has better security, and its website says, “The FAA manages the world’s safest and most complex aviation system. On an average day, we serve more than 45,000 flights and 2.9 million airline passengers across more than 29 million square miles of airspace.” Even with the Trump Administration lopping 10 percent of that off, it’s still a lot of flights… and many haven’t been paid in five weeks? Speaking of travel, the next time you’re waiting to board, watch out for gate lice. Huh? People who crowd around the gate at an airport, sometimes in an attempt to board before their allotted time, are known as “gate lice” by the airlines. (Today’s podcast can be found here and Sponsored by ICE. As the standard for innovation, artificial intelligence, efficiency and scalability, ICE is the technology of choice for the majority of industry participants, defining the future of homeownership. Today’s features an interview with Arc Home’s Lee Malone on the HELOC market: the need for it, the various products out there, and how it’s being utilized across origination channels.) Services, Products, Software, and Tools for Lenders and Brokers Eris SOFR Swap futures are an ideal solution for hedging the growing market for Adjustable-Rate Mortgage (ARM) loans. As the interest rate curve steepens, lenders and homebuilders are successfully using ARMs to generate originations and homesales by offering borrowers lower near-term payment amounts. Since the initial period of an ARM behaves like a fixed-rate loan, originators can hedge away the interest rate risk using a SOFR swap with the same tenor as the fixed-rate period (e.g., use a 3-year swap to hedge a 3/1 ARM). Eris SOFR Swap futures provide an easily-accessible and cost-efficient hedging tool, even for smaller originators. Hedging with Eris SOFR allows you to grow your volume by pricing more competitively and improving your execution, without fearing interest rate risk. To explore how Eris SOFR Swap futures can optimize your ARM hedging strategy, reach out to John Douglas.