Last updated on April 16, 2014 at 1:21 EDT

Mortgage Analytics Firm RiskSpan Hosts Housing Finance Symposium

June 5, 2013

NEW YORK, June 5, 2013 /PRNewswire/ — Hosting a symposium on the future of housing finance and what is next in loan level data and predictive modeling, mortgage analytics firm RiskSpan shared how it is using recently released Fannie Mae and Freddie Mac loan level data in its prepayment analysis and credit risk modeling tools.

The data released by the GSEs includes over 30 million records on single family fixed rate mortgages. Both Fannie and Freddie published the data after the Bipartisan Policy Center’s Housing Commission released its February 2013 report titled: Housing America’s Future: New Directions for National Policy.

Robert Couch, CMB, member of the BPC Housing Commission, and former Ginnie Mae president and Mortgage Bankers Association chairman, served as the opening speaker at the RiskSpan symposium and said: “Reducing the government footprint and encouraging greater participation by risk-bearing private capital will protect taxpayers while providing for a greater diversity of funding sources.”

RiskSpan Managing Director Allen H. Jones noted the importance of the BPC engagement on the future of housing finance and called the momentum for GSE reform encouraging since the BPC report was released and former Senator and HUD Secretary Martinez testified before the Senate Banking committee. Jones said: “We are closer to price discovery on credit risk than at any other time since the housing crisis and the RiskSpan suite of tools including RS Edge and RS Velocity have gained market share and attraction.”

RS Edge enables subscribers of GSE loan level data to perform a wide range of analysis and strengthens the positions of investors participating in pending GSE credit risk-sharing transactions. Other analysis that can be performed on the data includes measuring credit risk associated with agency backed loans, development of credit models based on loan level data, and development of default timing curves based on historical data.

Bernadette Kogler, President and CEO of RiskSpan closed out the New York symposium thanking the thought leaders of over twenty firms attending by sharing the perspective that powerful data and analytics tools are growing increasingly important as the private sector takes on a greater role in bearing mortgage credit risk.

About RiskSpan

As a trusted advisor, RiskSpan provides risk management services and solutions to the mortgage industry and capital markets. We combine business expertise and technical skills to effectively manage risk through the efficient use of data, technology and tools. Our core competencies apply senior industry experience in analytics, modeling, data, and operational risk management.

Media Contact: Allen H. Jones 202-441-1854 ajones@riskspan.com


Source: PR Newswire