NEW YORK – July 11, 2011 – Mortgage Maxx, a leading provider of prepayment indicative data for the residential mortgage market, today announced the availability of their full dataset on the 1010data platform. The company selected 1010data because it offers the most robust ad- hoc analysis tools and is trusted by the company’s existing customer base. In addition, working with 1010data will allows the company to grow more rapidly by enabling Mortgage Maxx AFS report data to be accessed via the Web.
“Investors in the Agency MBS market have long relied on the Mortgage Maxx AFS reports to accurately forecast prepayment trends,” said Paul Descloux, CEO, Mortgage Maxx. “But now with our full underlying dataset available on the powerful 1010data platform, clients will be able to pinpoint specific loans and pools that are primed for a prepayment event. It is exciting to see how the full value of our data is harnessed with 1010data.”
Since 1991, the Mortgage Maxx Advanced Factor Service (AFS) has predicted prepayment in securities backed by GSE residential mortgages with a 90% correlation rate. Mortgage Maxx data is used by investment banks, money managers and hedge funds, and has correctly predicted every major change in prepayment trends over its history.
“The addition of Mortgage Maxx AFS data to our platform brings great value to our core financial services clients,” said Perry DeFelice, Director, Capital Markets, 1010data. “By linking Mortgage Maxx data to both traditional pool-level and newer loan-level servicing datasets for the Agency MBS market, investors will be able to seamlessly integrate this new data into their prepayment analysis.”
"Adding the Mortgage Maxx AFS database to our ever-expanding portfolio of structured finance datasets builds on our commitment to bring greater transparency to the market," said Greg Munves, Executive Vice President, 1010data. "Title search data is an extremely valuable tool for the analysis of Agency MBS data, and this continues our efforts to put a diverse collection of relevant market data at our clients’ command."
With decades of Wall Street experience, 1010data understands the data management and analytical needs of financial services institutions, and knows how to provide solutions that make it easy to manage and analyze large volumes of data for a business-critical advantage. The company has helped data providers monetize their data and offers the most advanced analytics and accessibility to financial institutions with the tools they need to analyze, manage, and present data. 1010data’s platform is delivered as a service; the solution is implemented quickly so that Mortgage Maxx customers who use the tools can expect high speed-to-value and very rapid ROI.
About Mortgage Maxx
Mortgage Maxx LLC provides MBS prepayment forecasts for major financial institutions on both the sell and buy side. With twenty years experience in mortgage-backed securities, Mortgage Maxx is relied upon by broker dealers, money managers and hedge funds for independent and accurate risk analysis. In addition to MBS prepayment forecasts, Mortgage Maxx also publishes the MAX, a weekly survey of mortgage application activity. Mortgage Maxx also provides its proprietary prepayment indicative data for in-house quantitative modeling.