MISMO, the real estate finance industry’s standards organization, is standardizing the bid-wanted in competition (BWIC) dataset format to facilitate accuracy, liquidity and rapid pricing for agency mortgage-backed securities (MBS) transactions.
More lenders are choosing MBS execution than ever before and are distributing BWICs, a formal request for bids on a package of securities, to securities dealer desks. Currently, the information transmitted to dealers is not standardized; as a result, dealers are having trouble keeping
