House to consider Neighborhood Stabilization Act of 2008
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House to consider Neighborhood Stabilization Act of 2008

May 4, 2008

Equifax launches mortgage risk evaluation tool for secondary and capital markets analysis MortgagePress.comEquifax, Mortgage Market Risk Insight, mortgage investors, credit behavior, Bankruptcy Navigator Index
Equifax Inc. has announced the launch of an analytical tool that
gives mortgage investors deeper insights into mortgage borrower
credit behavior. Equifax Mortgage Market Risk Insight (MRI) is the
industrys first source of mortgage market risk information that
enables forward-looking valuations for mortgage-related securities.
Investors can use this tool to analyze mortgage loan performance
and more accurately assess delinquency and default.
"The real power of Mortgage MRI is its ability to segment the
universe of borrowers that are still current on their mortgage
loans to help improve mortgage credit risk and cash-flow
analytics," said Dann Adams, president, US consumer information
solutions, Equifax. "Mortgage MRI is the only tool available that
provides aggregated credit data derived from the entirety of
borrower credit profiles to gauge credit risk on mortgage
debt."
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.
"With increased sensitivity to credit risk in the mortgage
secondary and capital markets, the industry must find new ways to
leverage information," said Tom Madison, senior vice president,
Equifax Mortgage Solutions. "Mortgage MRI provides a new level of
understanding about credit health to help improve investor
analytics around mortgage loan performance."
To provide this new level of detail for the mortgage market,
Mortgage MRI segments zip-level data by vintage, loan type and
first mortgage payment status. Once the data is segmented, Mortgage
MRI leverages leading indicators and scoring models, including
VantageScore® and Equifaxs Bankruptcy Navigator Index (BNI) to
analyze credit risk and the likelihood of a certain borrower
profile filing for bankruptcy over the next 24 months. The results
are then aggregated and provided to subscribers of this tool.
Mortgage MRI is the latest addition to Equifax's suite of
mortgage services. In addition to valuable credit information,
Equifax provides the marketing and analytical services mortgage
businesses need to help target and close the right customers or buy
and sell the right securities. For more information about Mortgage
MRI and Equifax Mortgage Services, click here.
For more information, visit www.equifax.com.

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