NEW YORK, NY -- (Marketwire) -- 01/16/13 -- 1010data, a market leader in the analyzing, managing and sharing of big data, today announced a new partnership with eMBS, a leading provider of mortgage-backed securities (MBS) disclosure data for Fannie Mae, Freddie Mac and Ginnie Mae. The two companies will provide investors with instant access to eMBS pool and loan-level data via the cloud, which will help increase productivity and reduce costs associated with analyzing complex securities. In addition, the eMBS partnership broadens 1010data's ability to provide its customers with access to Agency and non-Agency MBS data.
The combination of 1010data's powerful analytics platform, which is virtually an industry standard in the MBS sector, and eMBS's high quality data, provides market participants with an unprecedented ability to assess risk and identify opportunities. In addition, users can now avoid the significant infrastructure investments and costs previously required to manage MBS data, instead relying on 1010data's world-class, cloud based platform.
"We have been serving the Agency mortgage market with data services for more than a decade and as datasets have become larger and more complex, we wanted to remove the burden of self-storage and provide our users with the enhanced speed and functionality that 1010data's cloud-based platform provides," said Larry Gioia, president of eMBS. "eMBS customers are going to be very pleased with the enhanced capabilities they will receive through our partnership with 1010data."
Users of eMBS data can now take advantage of all 1010data features, which, among other things, will allow them to:
•Use 1010data's extensive built-in function library that makes ad-hoc, time-series analysis simple and fast •Quickly develop, modify, share, and repeatedly run pre-defined reports and queries •Output results into Microsoft Excel and/or build Excel-based applications using the 1010data Excel add-in •Combine and analyze eMBS data with complementary data sources, such as home price indices and other econometric data, already available on the 1010data platform
"Since 2008, the majority of mortgages are Agency-based and our partnership with eMBS will give interested parties the key to unlock and tie together vast amounts of Agency and non-Agency mortgage-backed securities data," said Steve Albert, vice president of financial services at 1010data. "The real winners are our joint customers who will be reaping the benefits of cloud-based services to quickly crunch complex securities while avoiding costly operational and infrastructure expenses to house this data."
To learn more about the 1010data eMBS partnership, please visit www.1010data.com.
About 1010data
1010data provides a unique, cloud-based platform that unifies big data and analytics. It is used by hundreds of the world's largest retail, manufacturing, telecom, healthcare, government and financial services enterprises because of its proven ability to deliver actionable insight from very large amounts of data more quickly, easily and inexpensively than any other solution.
About eMBS
eMBS provides the full spectrum of agency MBS disclosure for Fannie Mae, Freddie Mac and Ginnie Mae securities. Information is provided at both the pool-level and loan-level where available. eMBS enhances GSE disclosure by: normalizing data across agencies to the extent practicable, calculating basic industry metrics (prepayments, CPR, PSA) to shorten time to analysis, and calculating critical data fields using industry-standard methods when not published by the GSEs (WAC, WAM, WALA etc). Additionally, eMBS provides complementary data for agency MBS analysis including TBA eligibility and lockups.
Contact info:
Joe Ferrary
HORN
Joe.Ferrary@horngroup.com
646.202.9785
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1010data Partners With eMBS to Offer Agency Mortgage-Backed Security Data
Jan 16 2013 12:00AM
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