Andrew Davidson & Co., a New York-based provider of risk analytics for mortgage- and asset-backed securities, has announced the integration of its LoanDynamics credit model for U.S. MBS into the Intex desktop system. AD&Co said the integration combines a behavioral credit model with loan-level data with a cash flow and analytical engine through a single flexible interface to allow "quicker, more robust analysis and rich analytical detail." The LoanDynamics Model is already integrated into portfolio analysis systems from Polypaths LLC and FactSet Research Systems and is fully compatible with Intex Subroutines and Intex Wrapper for use through proprietary internal risk management, pricing, or valuation systems, the company said. The model was developed to help investors and issuers better understand the credit and prepayment characteristics of credit-sensitive mortgage loans and securities. The companies can be found online at http://www.ad-co.com and http://www.intex.com.
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The homebuilding giant reported two separate cyber incidents this year, with the most recent breach of its mortgage unit affecting more than 348,000 individuals.
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The move threatens IMBs and outside loan originators who rely on real estate agents for referrals, as the company aims to keep borrowers within its platform.
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Fed Chair Kevin Warsh's much anticipated speech at the Jackson Hole meeting reinforced past comments about reducing communications around forward guidance.
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The ex-CEO got a regulatory OK to officially rally shareholders for his plan, although he's still awaiting a federal judge's decision on a restraining order.
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The deal is backed by recently originated, 30-year fixed-rate mortgages with an average combined loan-to-value ratio of 75.1%, according to Morningstar DBRS.
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Academy Mortgage's deal will cover around 285,000 class members. It's the sixth deal this year by a mortgage firm seeking to squash consumer complaints.
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