Credit bureau and information management firm TransUnion picked 1010data as a delivery platform for its consumer risk indicators, which are based on loan-level residential mortgage-backed securities (RMBS) data. TransUnion’s consumer risk indicators are powered by data from CoreLogic (CLGX) and will give investors access to accurate risk assessments. “In this dynamic market with housing values continuing to fluctuate and recovery occurring regionally throughout the US, now more than ever, direct and comprehensive risk insight is critical,” said Tim Martin, vice president of TransUnion’s capital markets business unit, in a statement. “There has been lots of industry buzz about the true state of the assets behind MBS and what this means for investor risk,” said 1010data vice president Greg Munves. “We are pleased to work with such a well known and respected company as TransUnion to provide transparency and promote better risk management and informed investment decisions.” With the use of 1010data’s service, TransUnion now provides up-to-date as well as historical credit information for the borrower of each loan, promoting greater transparency for RMBS investors. The TransUnion consumer risk indicators for RMBS were previously available only through direct delivery from the company. Write to Diana Golobay. Disclosure: the author holds no relevant investments.
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