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Industry Updates
RISKSPAN
INTRODUCES
MEDIA EFFECT
MEASURE
RiskSpan has announced a series of new
enhancements in the latest release of its Edge
Platform. Specific enhancements include:
» Media Effect: It has long been accepted
that prepayment speeds see an extra boost
as media coverage alerts borrowers to
refinancing opportunities. Now, Edge lets
traders and modelers measure the media
effect present in any active pool of agency
loans—highlighting borrowers most prone
to refinance in response to news coverage—
and plot the empirical impact on any
cohort of loans. Developed in collaboration
with practitioners, it measures rate novelty
by comparing rate environment at a given
time to rates over the trailing five years.
Mortgage portfolio managers and traders
who subscribe to Edge have always been
able to easily stratify mortgage portfolios by
refinance incentive. With the new Media
Effect filter/bucket, market participants fine
tune expectations by analyzing cohorts with
like media effects.
» Predictive Analytics for Managed Data:
Edge subscribers who leverage RiskSpan's
Data Management service to aggregate
and prep monthly loan and MSR data can
now kick off predictive analytics for any
filtered snapshot of that data. Leveraging
RiskSpan's universe of forward-looking
analytics, subscribers can generate
valuations, market risk metrics to inform
hedging, credit loss accounting estimates,
and credit stress test outputs, and more.
Sharing portfolio snapshots and analytics
results across teams has never been easier.
RiskSpan offers cloud-native SaaS analytics
for on-demand market risk, credit risk, pricing,
and trading. RiskSpan's mission is to be the
most trusted and comprehensive source of data
and analytics for loans and structured finance
investments.
