Equifax Launches Mortgage Risk Tool

Equifax Inc. has launched an analytical tool designed to give mortgage investors deeper insight into mortgage borrower credit behavior. At the Mortgage Bankers Association's Secondary Market Conference & Expo, the company declared that the Equifax Mortgage Market Risk Insight is the industry's first source of mortgage market risk information that enables forward-looking valuations for mortgage-related securities. Investors can use the tool to analyze mortgage loan performance and more accurately assess delinquency and default, Equifax said. The tool gives investors updated credit information on mortgage borrowers aggregated at the ZIP code level. Mortgage MRI also supports strategic market risk analysis, pool and market risk assessment, and institutional valuation of mortgage-related assets.