Moody's, 1010data Partner Up; Will Offer Secondary Mortgage Data
1010data, a analytics provider focused on the secondary mortgage market, said Tuesday that it had partnered with Moody's Analytics; the new partnership gives 1010data direct access to Moody's internal performance databases for securities in the structured finance market, including ABS/MBS and CDOs. The partnership comes on the heels of a huge fire sale of CDO assets by Merrill Lynch that has market participants buzzing; both firms said the partnership would drive benefits -- Moody's Analytics customers gain access to 1010data's analytics platform, while 1010data users gain access to a wealth of securities data. "By accessing Moody's vast repository of scrubbed performance data via 1010data's platform, users can focus on making investment decisions and improving the bottom line rather than managing large databases," said Matthew McDonald, director of marketing and product strategy for structured finance at Moody's Analytics. Moody's performance data is a source of scrubbed, standardized data for monitoring ABS, RMBS and CDO holdings; the partnership gives investors and collateral managers access to the same data Moody's analysts use to track more than 14,000 deals. "By partnering with Moody's, we're ensuring that our customers have access to a full array of mortgage data solutions and are equipped to use them quickly and effectively - maximizing market opportunity and perhaps preventing further deterioration in the market," said Sandy Steier. Perhaps. But it's much more likely, at least in the short term, that the 1010data and Moody's partnership will allow vulture investors looking to snap up securities in the secondary market properly value their targets. 1010data said that more than 50 mortgage firms alraedy use its software-as-a-service analytics platform. For more information, visit http://www.1010data.com.