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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Agency LDM+ Available in Milliman M-PIRe™ProductsAndrew Davidson & Co., Inc (AD&Co) is thrilled to announce an expanding relationship with a Third-Party Vendor! AD&Co enjoys working with countless analytical providers to offer our clients seamless solutions and we would like to welcome Milliman M-PIRe™ to the team!
Milliman’s Integrate Solutions have supported AD&Co’s LoanDynamics Model (LDM) for many years. We've expanded on that relationship to include Milliman M-PIRe™ software. Milliman M-PIRe™ now supports AD&Co’s Agency+ LoanDynamics Model (Agency LDM+) to offer clients an industry-leading solution. AD&Co’s Agency LDM+ forecasts prepayments, delinquencies, defaults and loss probabilities, which are fed into Milliman M-PIRe™, a valuation and securitization software that produces advanced analytics of structured mortgage credit risk (CRT).
Today’s financial markets have taught us the importance of evaluating and managing financial risks. Milliman’s integration of AD&Co’s Agency LDM+ into the M-PIRe™ solution allows reinsurers and mortgage insurers to analyze CRT transactions using a multi-model framework when implementing risk and portfolio management strategies.
AD&Co would like to thank Milliman for their unparalleled support of our Agency LDM+ in the M-PIRe™ software. We truly appreciate their dedication to servicing mutual clients to ensure their success.
Interested in learning more about joint Milliman M-PIRe™ and Agency LDM+ solution? Please contact Jonathan Glowacki at jonathan.glowacki@milliman.com.
The S-Curve Archives
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EventsWe at Andrew Davidson & Co., Inc. (AD&Co) stand in solidarity with the Asian community and speak out against the xenophobic ignorance that has led to increased racist attacks against Asians. We protest against these hate crimes. This is a time to celebrate the richness that we have gained from the diversity of the Asian culture. We pledge to support the heritage that is part of what makes us American.
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Events
What does it mean to be mentally healthy? The answer is different for everyone. With all the extra anxiety that many of us have experienced since 2020, whether from uncertainty about COVID-19 or from other experiences that may be new to us, it’s important to acknowledge that it’s alright to not feel alright. Fortunately, there are numerous resources that are available locally, nationally, and in some cases through your workplace or benefits package. We might start by finding out what makes us feel better.
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Products
Today marks the publication of Chris Widman's Quantitative Perspective, a comprehensive article on the newest member of our LoanDynamics suite, the Auto LoanDynamics Model. Auto LDM will be integrated into vendor systems and AD&Co tools, allowing users to perform analysis on auto loan and ABS positions.
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EventsSince 1970, April 22nd has been the annual day to appreciate our planet and recognize the importance of protecting it. But more and more, we realize that everyday needs to be Earth Day, and that we need to take better care of the place that gives us life.
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Thoughts
To seek "causes" of poverty in this way is to enter an intellectual dead end because poverty has no causes. Only prosperity has causes. – Jane Jacobs, Activist and Author
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Events
CRTcast, a new podcast series under Freddie Mac’s Home Starts Here programming, focuses on credit risk transfer (CRT) and it’s three spokes: securities, (re)insurance and mortgage insurance. Freddie Mac leadership together with CRT industry experts cover current and relevant topics.
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News
We are proud to announce that Richard Cooperstein has accepted the position of co-chair of the Structured Finance Association’s (SFA) Regulatory Capital & Liquidity committee.
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NewsToday we acknowledge the Year of the Ox. Happy Lunar New Year! We stand in solidarity with the Asian community against all violence and racism. Here’s to a year of peace, health and prosperity.
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NewsThis February, AD&Co celebrates a central part of American History—Black History. The richness of the contributions of the Black community as a whole, and innumerable remarkable individuals, can not be overstated.
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Thoughts
The January 14, 2021 revisions of the Preferred Stock Purchase Agreements between the Treasury and the GSEs[i] (Government Sponsored Enterprises) along with the Treasury Department Blueprint on Next Steps for GSE[ii] Reform perhaps represent the end of a decade- long effort to create multiple competitive enterprises and end the government support of the GSEs.