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Black Knight, Inc announced that it has acquired eMBS Inc, provider of performance data and analytics on agency-backed securities to all market participants. Black Knight plans to further integrate eMBS capabilities within its data and analytics solutions to inform better investment decisions and enhance yields on their mortgage-backed securities portfolio.
“eMBS is the undisputed leader in providing a complete and timely view that combines data from the three agencies that make up this massive asset class,” according to CEO of Black Knight, Anthony Jabbour. "The U.S. agency MBS market is the second-largest fixed income asset class, behind only U.S. Treasuries.”
Black Knights plans to integrate eMBS into its AFT Prepayment & Default Model, which is already used by agency MBS investors to predict the future performance of securities. Black Knights McDash loan performance database will be combined with eMBS data to heighten the accuracy of AFT models for an even better view of mortgage risk. Additionally, Black Knight’s Rapid Analytics Platform will provide ease of access to the eMBS data in a cloud-based data science studio, amongst a growing marketplace of data assets.
“With nearly $7.5 trillion outstanding in the agency MBS market, the cost of maintaining accurate and timely databases and analytics is expensive and time-consuming, even for the most sophisticated investors. Long seen as ‘standard equipment’ for the agency MBS investor, clients who license eMBS data reduce the operational burden and eliminate the start-up costs associated with participating in this market. Clients can access either granular agency data or summarized database-ready information with pre-calculated prepayments and various market aggregations,” Jabbour added.
Larry Gioia, president and founder of eMBS Inc, said “Our capabilities will complement Black Knight's comprehensive, nationwide mortgage data and enhance its ability to provide sophisticated analytics for GSE and Ginnie Mae loan pools, as well as REMICs. The result will be the most comprehensive view of U.S. residential mortgage whole loan and security performance in existence.”
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