Welcome to The S-Curve
Now you will be able to receive the latest announcements, product updates, and our insights on the mortgage market in real time.
The name of the blog, the S-Curve, is a reflection of our logo and the central feature of our prepayment model. S-curves are seen in nature in many phenomenon, from population growth to prepayment and default models. Our first S-curve, in the early 1990s, used the arctangent function, then piece-wise linear functions, and evolved over time to be more complex and vary by FICO, loan size and LTV. This evolution encapsulates both the timeless nature of fundamental relationships and constant innovation to describe them better over time.
We hope you find the information useful and we look forward to your feedback.
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Day of Service 2025EventsThe Andrew Davidson & Co., Inc. (AD&Co) DEI Day of Service 2025 provided the opportunity to have fun and support the greater NYC community at the same time. Hosted by the AD&Co DEI Committee, we first gathered at the AD&Co office to prepare backpacks for unhoused students in support of Volunteers of America® Greater New York’s Operation Backpack®. Essential school supplies are being distributed to Elementary, Middle, and High School students. This volunteer activity aligns closely with the AD&Co values of continuous learning and education, and I feel confident that this donation of school supplies will be impactful to these young students.
On to lunch, Jing Fong “has been a New York institution since 1978, specializing in dim sum and Cantonese cuisine.” But what is Dim Sum? As advised by blogger Justine Pang, “Dim sum is a Chinese cuisine, taken from the teahouse culture in Hong Kong and Guangdong Province; in which consist of small plates of Chinese food paired with a hot cup of tea, and accompanied with family and friends.” At one time, Jing Fong occupied a space with 800 seat capacity. The center of the table was filled with fresh, delicious food, and it spins on a lazy susan to allow for easy sharing.
The last stop of the day was to the Museum of Chinese in America (MOCA). The museum specializes in collecting practical, everyday items that reflect ordinary life, and the magazine exhibit was especially interesting.
The Herbalist
“In the early days of Chinese medicine in America, Chinese treatment for certain ailments was more effective than Western treatments and didn’t have side effects” - MOCA The Laundry
Laundry businesses have historically provided a stable and reliable income for many Chinese immigrants who faced exclusion and racism from many other industries. The World of Magazines
“Through magazine publishing, a vital form of mass media in the 1990s, Asian Americans editorialized issues central to their lives and depicted themselves in ways that were unimaginable before. Magazine Fever presents stories of Generation X magazines–how they were founded and sustained; how they captured the essence of multiculturalism and Generation X paradigms, and how they impacted the ways Asian American identity is understood today.” - MOCA It was great to experience Chinatown in Manhattan via food, history, and culture. I had the opportunity to purchase two books at MOCA and will follow both MOCA and Jing Fong on social media to continue to support future events!
The S-Curve Archives
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EventsThe Andrew Davidson & Co., Inc. (AD&Co) DEI Day of Service 2025 provided the opportunity to have fun and support the greater NYC community at the same time. Hosted by the AD&Co DEI Committee, we first gathered at the AD&Co office to prepare backpacks for unhoused students in support of Volunteers of America® Greater New York’s Operation Backpack®. Essential school supplies are being distributed to Elementary, Middle, and High School students.
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PodcastJoin Kevin Lin in a conversation with Richard Cooperstein as they dive into Kinetics, AD&Co's modular platform designed to deliver the full power of our models and analytics; with the flexibility to license only the tools you need.
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ThoughtsThe latest Policy Perspectives paper “Competing Claims in Privatization of Fannie Mae and Freddie Mac” is now available!
Nearly 20 years ago, on September 6, 2008, the GSEs, Fannie Mae and Freddie Mac entered conservatorship. Since that time there have been many proposals to restructure, eliminate or release the GSEs. Once again there is talk about the privatization of Fannie Mae and Freddie Mac. -
ThoughtsAD&Co held our annual employee meeting in Detroit, Michigan. In addition to gathering everyone in person to socialize and strategize, we use these annual meetings to learn about different cities, especially with regard to housing market dynamics.
We chose Detroit because the oft-maligned city is undergoing a significant renaissance, and we wanted to explore the area and learn how housing may have played a role in both Detroit’s decline and rebirth.
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ProductsAndrew Davidson & Co., Inc (AD&Co) is pleased to announce the beta release of MARS+, the next generation of Mortgage Analysis & Reporting System (MARS), which has been in use since 2008 for performance reporting of AD&Co models. MARS+ aims to provide enhanced and advanced capabilities and features for mortgage analysis and reporting.
The new enhancements of MARS+ include:
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EventsSeveral AD&Co employees attended SFVegas 2025. This post shares their unique perspectives from attending the conference and key takeaways from the sessions.
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ThoughtsWe’re excited to announce our latest Quantitative Perspectives providing in-depth insights into current market trends and advanced valuation techniques. This publication offers valuable information for mortgage market participants and those involved in credit risk transfer transactions.
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Podcast
Tune in to Laura Silberg's interview with Andrew Davidson, Eknath Belbase and Alex Levin as they discuss their latest Quantitative Perspectives, our independent commentary series, titled
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ThoughtsAs providers of mortgage models for financial institutions, Andrew Davidson & Co., Inc. (AD&Co) enables clients to validate their use of our models and offers documentation describing the conceptual framework of the models, back-testing results, and sample forecasts under a variety of economic conditions. We also work with analytics providers who have incorporated our models to ensure that the models works as intended.
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ThoughtsWe’re excited to announce two new Quantitative Perspectives that provide in-depth insights into current market trends and advanced valuation techniques. These papers offer valuable information for mortgage market participants and those involved in credit risk transfer transactions.