FirstAm LoanPerformance Touts $2T Database

First American LoanPerformance, San Francisco, has announced that its mortgage securities database now contains loan-level information on more than $2 trillion worth of active nonagency securitized mortgages.That represents 85% of all nonagency mortgage securities, the company said. "This important milestone truly highlights the unprecedented growth experienced by the nonagency mortgage-backed securities market in recent years," said Dan Feshbach, president and chief executive officer of First American LoanPerformance. The company said its mortgage securities database, which provides a 16-year historical perspective on the nonagency securities market, is the industry's largest repository of nonagency MBS and asset-backed securities data. The company can be found online at http://www.loanperformance.com.