Portland, Maine-based Quantrix has announced that it is providing a modeling interface for risk-analytics provider Andrew Davidson and Co.The partnership between Quantrix and ADCo will deploy the Quantrix Modeler as the interface for ADCo's new LoanDynamics Mortgage Credit Model to serve fixed-income investors in the mortgage-based securities industry. The model incorporates historical data from approximately eight million loans by 144 issuers over 15 years to analyze borrower behavior and predict mortgage loan dynamics. The Quantrix LoanDynamics Interface enables mortgage credit analysts to analyze loan data, define interest rate and housing price scenarios, and model any combination of loans and scenarios with Quantrix Modeler. According to the announcement, customers receive a turnkey solution that includes ADCo's LoanDynamics Model, Quantrix Modeler licenses, and the Quantrix LoanDynamics Interface. The companies can be found online at http://www.quantrix.com and http://www.ad-co.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
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Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
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