RS Edge: Loan-level Delinquencies in GNMA Pools

VIENNA, Va., March 9, 2017 – RiskSpan, the data management, data applications, and predictive analytics firm that specializes in risk solutions for the mortgage, capital markets, and banking industries, announced that it has been selected for HousingWire’s 2017 HW TECH100™ award. This year saw the highest number of nominees in the history of HW TECH100™, which recognizes leading companies that bring tech innovation to the U.S. housing economy. Among this year’s winners are other industry-leading firms such as Accenture, CoreLogic, and Freddie Mac.

Webinar: 2020: Entering the Decade of Data & Smart Analytics

A pivotal time in history for fixed-income markets where data and analytics will become the most critical driving force behind successful investment management.  For the first time in decades, structured finance is poised to join the rest of the financial sector in adopting new tech solutions. Deal cycles are shrinking from three weeks to as little as two days. Consequently, the...

Entering-the-decade-of-data-and-smart-analytics

Case Study: Datamart Design and Build

The Client Government Sponsored Enterprise (GSE) Talk ScopeGet a Demo The Problem A GSE needed a centralized data solution for its forecasting process which involved cross-functional teams from different business lines (Single Family, Multi Family, Capital Markets).​ The client also needed a cloud-based data warehouse to host forecasting outputs for reporting purpose with a faster querying and processing speed.​ The input and output files...

riskspan case study

Case Study: ETL Solutions

The Client Government Sponsored Enterprise (GSE) Talk ScopeGet a Demo The Problem The client needed ETL solutions for handling data of any complexity or size in a variety of formats and/or from different upstream sources.​ The client’s data management team extracted and processed data from different sources and different types of databases (e.g. Oracle, Netezza, Excel files, SAS datasets, etc.), and needed to...

riskspan case study

SOFR, So Good? The Main Anxieties Around the LIBOR Transition

SOFR Replacing LIBOR The London Interbank Offered Rate (LIBOR) is going away, and the international financial community is working hard to plan for and mitigate risks to make a smooth transition. In the United States, the Federal Reserve’s Alternative Reference Rates Committee (ARRC) has recommended the Secured Overnight Financing Rate (SOFR) as the preferred replacement rate. The New York Fed began publishing SOFR regularly on April 3,...

sofr replacing libor

Case Study: Loan-Level Capital Reporting Environment​

The Client Government Sponsored Enterprise (GSE) Talk ScopeGet a Demo The Problem A GSE and large mortgage securitizer maintained data from multiple work streams in several disparate systems, provided at different frequencies. Quarterly and ad-hoc data aggregation, consolidation, reporting and analytics required a significant amount of time and personnel hours. ​ The client desired configurable integration with source systems, automated acquisition of over 375 million records and performance improvements...

riskspan case study

Case Study: Securitization Disclosure File Creation Process

The Client Private Label Mortgage-Backed Security Issuer  Talk Scope The Problem The client issues private label MBS with sources from multiple origination channels. In accordance with industry requirements, the client needed to create and make available to securitization counterparties a loan-level data file (the “Advance Systems Format (ASF) File”) which has been defined and endorsed...

riskspan case study

What is LIBOR and why is it Going Away?

What is LIBOR The London Interbank Offered Rate (LIBOR) is a reference rate, and over time since the 1980s has become the dominant rate for most adjustable-rate financial products. A group of banks (panel banks) voluntarily report the estimated transaction cost for unsecured bank-to-bank borrowing terms ranging from overnight to one year for various currencies....

A Primer on HECM Loans

In September, RiskSpan announced the addition of Ginnie Mae’s loan-level Home Equity Conversion Mortgage (“HECM”) dataset to the Edge platform. The dataset contains over 330,000 HECM loans with origination dates from 2000 to 2018 and reporting periods from August 2013 to October 2018.   This post is a primer on HECM loans, the HMBS securities they collateralize, and the structure of the new dataset.  What is a HECM?  HECMs are FHA-insured reverse mortgages that provide people 62 and older with cash payments or a line of credit…