Atlanta-based Equifax Inc. says it has introduced an analytical tool designed to give mortgage investors deeper insights into mortgage borrower credit behavior – with a new level of detail previously unavailable in the market.
Equifax Mortgage Market Risk Insight (MRI) is the industry's first source of mortgage market risk information that enables forward-looking valuations for mortgage-related securities, according to Equifax. Investors can use this tool to analyze mortgage loan performance and more accurately assess delinquency and default.
This new tool gives investors updated credit information on mortgage borrowers aggregated at the ZIP-code level. Data then can be segmented to reveal borrower credit health and credit capacity trends for different loan vintages within a ZIP code. In addition to providing a powerful tool for assessing risk in a trading desk environment, Mortgage MRI also supports strategic market risk analysis, pool- and market-risk assessment, and institutional valuation of mortgage-related assets.
Source: Equifax