Investors have a new way to track the performance of mortgages and home equity loans backing non-agency mortgage-backed securities (MBS). Asset-backed securities surveillance data provider Lewtan Technologies today unveiled the beta version ABSNet Loan, with an official release scheduled in June. The new product provides up-to-date key performance metrics and predictive variables of the loans backing certain MBS. “Obviously, the continued deterioration of loans backing non-agency securitized pools necessitates a loan by loan review of credit risk,” says Lewtan’s spokesperson Ned Myers in a press release today. “Coupled with the lack of consistent, normalized, timely, and transparent data otherwise available in the market, ABSNet Loan became a logical extension to Lewtan’s market-leading surveillance data and analysis tools.” “We have found that investors have taken greater ownership of the credit analysis of their holdings in this credit downturn,” Myers adds. The new offering provides investors with an in-depth look at the potential of each loan involved and aims to help investors make informed decisions and track investments more closely than before through Lewtan’s platform. Users either download the product directly or use a Web-based interface for broad accessibility of the data. Write to Diana Golobay.
Product Tracks Non-Agency MBS
Most Popular Articles
Latest Articles
eXp posts $15.6M loss in Q1 2024
While revenue rose at eXp World Holdings in the first quarter, the firm was unable to turn a profit due to the challenging housing market.
-
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
-
Zillow believes the evolution of the industry will only help it grow
-
All parties have settled the Sitzer/Burnett suit, so what’s next?
-
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
-
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies