Fannie Mae and Freddie Mac Launch New Uniform Mortgage-Backed Security (UMBS)

Today, Fannie Mae and Freddie Mac begin issuing the long-awaited Uniform Mortgage-Backed Security (UMBS). The Federal Housing Finance Administration (FHFA) conceived of this new standard in its 2012 “A Strategic Plan for Enterprise Conservatorships,” which marked the start of the Single Security Initiative (the history of which is laid out in the graphic below).  RiskSpan produces FHFA’s quarterly...

Fannie May and Freddie Mac Launch Uniform Mortgage-Backed Securities (UMBS)

RiskSpan Adds Whole Loan Analytics to Edge Platform

RiskSpan Adds Whole Loan Analytics to Edge Platform  ARLINGTON, VA, May 20, 2019 – Leading mortgage data and analytics provider RiskSpan announced the release of its Whole Loan Analytics Module on the RiskSpan Edge Platform. The module enables whole loan investors, portfolio managers, and risk managers to manage loan-level data flows and predictive models that forecast loan performance under a range of scenarios.  The off-the-shelf SaaS version supports whole loan pricing and surveillance. It enables complex forecasting analytics including geographically granular House Price scenarios and historically significant economic event scenarios. Other features and custom configurations are also...

Whole Loan Analytics

An Introduction to RiskSpan’s Benchmarking Tool

RiskSpan’s Benchmarking Tool includes the most recent monthly loan-level issuance data released by Fannie Mae and Freddie Mac (the GSEs), providing insights into the characteristics of mortgage loans made throughout the U.S. Each month, we collect, normalize, and store the GSE data in our proprietary database. This allows our issuance Benchmarking Tool to generate a seller-specific…

Managing Risk Data: Financial Instrument Terms and Conditions

An instrument’s terms and conditions lie at the heart of cash flow generation and valuation. Not surprisingly, errors in terms and conditions can drive errors in valuation. Fortunately, fixing these errors is often straightforward, provided the terms and conditions data is readily available, which is not always the case for private placement instruments.