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26 Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month. RISKSPAN'S EDGE PLATFORM ADDS GSE SOCIAL INDEX DATA RiskSpan has announced the incorporation of Fannie Mae's and Freddie Mac's Single-Fami- ly Social Index data into its award-winning Edge Platform. Fannie Mae and Freddie Mac (the GSEs) rolled out their social index disclosures in November 2022. Consisting of two measures, the Social Criteria Score and the Social Density Score, the Social Index discloses the share of loans in a given pool that are made to low-in- come, minority, and first-time homebuyers, as well as mortgages on homes in low-income areas, minority tracts, high-needs rural areas, and desig- nated disaster areas. Manufactured housing loans also contribute to the score. Rather than classifying each individual bond as "social" or "not social," the new Agency data available on the Edge Platform assigns every pool two fully transparent scores—one indicating the percentage of loans in a pool that satisfy any of the defined social criteria, the other reflecting how many criteria a pool's average loan satisfies. Taken together, these enable Agency traders and investors to view and understand each pool along a full continuum of the social index, as opposed to simply assigning a binary social des- ignation. Because borrowers behave differently at various places along this continuum, traders and investors fine-tune their analytics in ways never before possible to isolate pools with potentially slower prepayment speeds in a way that tran- scends what has traditionally been available using so-called "Spec. Pool" stories alone. is new functionality is the latest in a series of enhancements that further the Edge Plat- form's objective of providing frictionless insight to Agency MBS traders and investors, knocking down barriers to efficient, clear, and data-driven valuation and risk assessment.