Andrew Davidson & Co. Inc. (AD&Co) was founded in 1992 by Andrew Davidson, an international leader in the development of financial research and analytics, mortgage-backed securities product development, valuation and hedging.
2017 UPCOMING EVENTS
Save the Date for CRT — May 3, 2018
Planning for the Third Annual Credit Risk Transfer Conference, co-hosted with IMN, is underway! While the location will be the same as last year—The Conrad New York—the program will be different. We’ll continue to feature the most relevant coverage of this developing asset class, but will have new speakers and a new format. General coverage includes how risk-sharing programs continue to evolve; relative value in the CRT bond sector and the buy-side perspective; re-insurance transactions and the re-insurer perspective; mortgage insurance (MI) companies and the deep-MI alternative; originators and their options and the impact of all these developments on the future of GSE reform.
For continually updated information about registration, sponsorship and agenda, click here.
Rob Landauer to speak at EVOLV Live 2018: Getting CECL Right
May 10-11, 2018
Chicago, IL
EVOLV Live 2018: Getting CECL Right will bring peer groups together to share implementation considerations and experiences, discuss methodology choices and review the potential impacts of CECL. Register today and join us at this exclusive forum led by SS&C Primatics and industry experts, and enhance your understanding of CECL.
Visit conference site for event, venue, and registration information.
PREVIOUS EVENTS
Link to Past Presentations
IMN’s 5th Annual Residential Mortgage Servicing Rights Forum
March 26-27, 2018
Marriott New York Downtown
We’re also sponsoring IMN’s 5th Annual Residential Mortgage Servicing Rights Forum, March 26-27 at the Marriott New York Downtown.
Richard Cooperstein will be a panelist on the topic “How Valuable is MSR? The Mortgage Relative Value Plenary” on Monday, March 26th at 4:45 PM.
Alex Levin will be speaking on “MSR under 2018 CCAR Stress-Testing” on Tuesday, March 27th at 10:55 AM.
Rose Barnabic will moderate the panel.
Meet Up at SFIG Vegas — February 25-28, 2018
We’ll be attending the annual SFIG conference at the Aria. Please feel free to call us at 212-274-9075 or support@ad-co.com to set up an individualized meeting or just drop by our booth to say hello.
Members of our team will also be part of the program:
Andy Davidson will moderate a session, “How the Securitization Market Can Adapt to Crises: Natural and Man Made Disaster Relief” on Monday, February 26 at 4:35PM.
Richard Cooperstein will be a panelist on the “State of GSE Reform: Discussion of Current Reform Models in Play and Their Relative Merits” on Tuesday, February 27 at 1:30PM.
We look forward to seeing you in Vegas.
Andy Davidson, Richard Cooperstein, and Eknath Belbase to speak on panels at the SFIG Residential Mortgage Finance Symposium 2017
November 7-8, 2017
NYC
Date: Tuesday, November 7th, 2017
Session Name: Fundamentals of Mortgage Finance: CRT- Financing Structures – CIRT/ACIS, CAS/STACR – Analyzing Credit and Prepayment Risk, Impact on Economics, Legal Structural Differences
Session Time: 1:00 PM – 1:50 PM
Panel Highlights: Introductory panel to discuss the differences between CAS/STACR deals and CIRT/ACIS
Moderator: Mary Stone, Managing Director – Bank of America Merrill Lynch
Panelists:
- Richard Cooperstein, Director of Model Risk Management – Andrew Davidson & Co, Inc.
- Ben Walker, Senior Managing Director – Aon Benfield
- Grant Bailey, Analyst – Fitch Ratings
- Laurel Davis, VP Credit Risk Transfer, Fannie Mae
- Gina Healy, VP Credit Risk Transfer, Freddie Mac
Date: Wednesday, November 8, 2017
Session Name: State of GSE Reform: A Think Tank Discussion (Plenary Session)
Session Time: 11:15 AM – 12:00 PM
Panel Highlights: Discussion of current reform models in play and their relative merits
Moderator: Faith Schwartz, Board Member, RiskSpan
Panelists:
- Andy Davidson, President, Andrew Davidson & Co.
- Ted Tozer, Senior Fellow – Housing Finance Program, Milken Institute
- Landon Parsons, Senior Advisor, Moelis & Co.
Date: Wednesday, November 8th, 2017
Session Name: Investing in CRT and Reinsurance Notes – Similarities and Differences
Session Time: 12:45 PM – 1:35 PM
Panel Highlights: Investors and Traders discuss investment considerations and relative value in these specific GSE markets
Moderator: Eknath Belbase, Mortgage Strategy Director, Andrew Davidson & Co, Inc.
Panelists:
- Andrew Rippert, Chief Executive Officer, Global Mortgage Insurance, Arch Capital
- Joseph Monaghan, Executive Managing Director, Aon Benfield
- Kwaw De-Graft-Johnson, Director, Credit Suisse
- Adam Budnick, Managing Director – AIG Institutional Markets
IMN Risk Management Conference
Monday, October 2, 2017
Santa Monica, CA
Richard Cooperstein will moderate the panel “Credit Risk Transfer” on Monday at 11:55am. He will also be a panelist on “MSR Hedges & IO Strips” on Monday at 3:10pm.
Eknath Belbase will be on the panel “Getting the Tiger by its Tail (Risk)” on Monday at 12:40pm.
Andy Davidson will be moderating two panels at ABS East in Miami, FL on Monday, September 18, 2017
“What’s the Latest in GSE Reform?” on Monday, Sept 18 at 11:20am. (Track B)
ANDWhat Are Ways Structured Finance Can Be Applied to Support Those Impacted by Natural Disasters?
For agenda, click here.
Daniel Swanson to speak on June 6th, 2017 at the Seminar on Reinsurance
The Fairmount
Washington, DC
Time:10:00 AM – 11:15 AM
Room:Kennedy Ballroom
Mortgage Credit Risk Modeling and Analytics
Isaac Espinoza, Greenlight Reinsurance Ltd., Michael Jacobson, Milliman, Inc, Benjamin Walker, Aon Benfield, Daniel Swanson
As an expansion to the mortgage credit risk sharing session, this session will focus on the modeling of mortgage credit risk in greater detail. The panel consists of leading modelers in the mortgage insurance industry who will compare and contrast mortgage credit risk modeling with traditional property/casualty lines of business.
http://www.casact.org/reinsurance/
2nd Annual CRT Symposium
Monday, May 15
Conrad New York
NYC
IMN and co-host Andrew Davidson & Co., Inc. (AD&Co) are proud to announce the 2nd Annual Credit Risk Transfer Symposium, taking place May 15, 2017 at the Conrad New York, a new, more expansive venue. Building on the success of our inaugural gathering, the 2017 program will bring together key GSE representatives, institutional investors, mortgage insurance and reinsurance companies, real-estate investment trusts, law firms, asset managers, lenders, and more, for a full day of educational panels and networking opportunities.
This conference will expand the in-depth coverage initiated last year with a combination of general sessions and multi-track breakouts on all major aspects of this exciting, developing asset class, including: how risk-sharing programs will continue to evolve; relative value in the CRT bond sector and the buy-side perspective; re-insurance transactions and the re-insurer perspective; mortgage insurance (MI) companies and the deep-MI alternative; originators and their options and the impact of all of these developments on the future of GSE reform.
For more information about sponsorships and registration click here.
Andy Davidson and Richard Cooperstein to speak on panels at MBA’s National Secondary Conference
May 1 – May 2, 2017
New York Marriott Marquis
RICHARD’S SESSION INFORMATION
Monday, May 1, 2017
2:45 PM – 4:00 PM
Credit Risk Transfer
FHFA has required Fannie Mae and Freddie Mac to distribute rather than hold mortgage credit risk through a variety of credit risk transfer (CRT) efforts. This session will focus on the latest developments in front-end and back-end CRT market and policy developments.
ANDY’S SESSION INFORMATION
Tuesday, May 2, 2017
3:00 PM – 4:00 PM
Impacts of Big Data on Secondary Market Activity
Digital innovation has the potential to disrupt not only enterprise systems but business decisions themselves. In particular, “big data mining” unveils new opportunities, while also raising serious concerns about privacy, fair lending and market dynamics. Hear from experts on the potential impacts of big data on secondary market activity and how you can make this technological revolution work for you while preserving market integrity.
For more information, click here.
Andrew Davidson will be speaking at Institutional Investor’s Fixed Income Forum 2017 Spring Roundtable on Thursday, March 30, 2017.
Housing Finance Reform: Momentum at Last?
Speakers will analyze legislative proposals for housing finance reform that are being promoted in the House Financial Services Committee and the Senate Banking Committee. More importantly, they will discuss the investment opportunities and risks the various proposals could create. This is an opportunity for members not only to ask pointed questions but also to provide input that can be used to shape a new asset.
Other members of the panel are:
Moderator
John Carey
Head of Structured Securities
Fischer Francis Trees & Watts
New York
Edward DeMarco
Former FHFA Director & Senior Fellow in Residence
Milken Institute Center for Financial Markets
Washington, DC
Richard Cooperstein to speak at the UNC Charlotte Analytics Frontiers Conference, Ritz-Carlton, on Thursday, March 30, 2017 on “Valuing Credit Risk: Data, Markets and Models.”
http://analyticsfrontiers.uncc.edu
