AD&Co. Update - April '06

The Big Event Approaches
by Rob Landauer

The 2006 version of AD&Co.'s annual conference, “Understanding Borrowers Actions: A Look at Prepayments, Defaults & Security Valuation,” is just around the corner. The event will be held this year on June 15th at the world famous Puck Building in New York City and on June 20th at the ultra hip W hotel in San Francisco. Registration is free for our clients and friends and is currently available by clicking on the link on the home page of our website at www.ad-co.com. Links to the conference agenda, venue directions and hotel recommendations can also be found on the registration page.

As the name implies, this year’s conference will focus on new developments in our prepayment models, unique applications of our valuation (OAS) models and an in-depth discussion of the research and findings surrounding our default and credit modeling efforts.

More specifically, on the prepayment model side, we will discuss the research and new models we have been developing for ARMs and Hybrids for both the agency and non-agency sectors. Valuation topics include how to harness the analytics to perform pay-up and servicing valuation and a look at a new approach to modeling prepayments through risk neutrality.

We are especially excited to share the insights we have garnered through our credit research regarding the factors that drive defaults, the trends in the data and the inputs and outputs that will be used in the model. The credit portion of the conference will also feature a panel discussion in which several industry leaders will discuss alternative approaches to default modeling and how these models are incorporated into the valuation process for credit sensitive securities.

Last year, we welcomed over 200 attendees to New York and almost 100 to our first conference in San Francisco. We hope to include you in this year’s event and urge you to sign up now!