BlackBox Logic, Thetica Systems Work On RMBS Forecasting Tool


BlackBox Logic LLC has partnered with Thetica Systems to improve residential mortgage-backed securities (RMBS) forecasting by incorporating BBx Data into Thetica's analytics modules.

BlackBox Logic offers a database of loan-level collateral underlying non-agency RMBS for investors, broker/dealers and researchers. Thetica provides a suite of tools that integrates output from data-analytics and credit-modeling vendors, creating a customizable bond-valuation platform.

‘We're working with partners to produce better analytics tools that are accessible to the broader community of mortgage market participants,’ says Larry Barnett, CEO of BlackBox Logic.

The platform developed by Thetica, integrating BBx Data, offers a high-speed analytics module capable of running multiple bonds simultaneously under various scenarios, including different pricing, economic and regional metrics, the companies add.

SOURCE: BlackBox Logic

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