CMS BondEdge, a Los Angeles-based provider of fixed-income portfolio analytics, has announced an agreement to provide RiskMetrics Group with key rate duration calculations for mortgage- and asset-backed securities with prepayment risk.The companies said the data will be incorporated into RiskManager, a product of the New York-based RiskMetrics. The addition of the rate duration calculations will allow for "a more detailed analysis of the prepayment risk" associated with some MBS and ABS, the companies said. CMS BondEdge, an operating division of Interactive Data Corp., can be found on the Web at http://www.cmsbondedge.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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