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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Empowering Our Community: AD&Co's Commitment to DEI and Social ImpactEventsAt Andrew Davidson & Co., Inc. (AD&Co), our dedication to Diversity, Equity, and Inclusion (DEI) has been a cornerstone of our values. We established our DEI Committee in 2020, following the tragic murder of George Floyd. Despite the evolving landscape, including the recent U.S. Supreme Court decision impacting affirmative action in higher education, we remain steadfast in our commitment to fostering an inclusive environment that strengthens both our employees and the company.
On August 15, we came together at our New York office for a meaningful community service project. Partnering with Volunteers of America® Greater New York's Operation Backpack®, our team assembled and distributed backpacks filled with essential school supplies for unhoused students across New York City. These backpacks, which serve elementary, middle, and high school students, included a personal touch: handwritten notes wishing each student a successful school year. We believe every child deserves access to the resources they need to thrive, and we're honored to contribute to easing their transition into a new school year.
AD&Co team assembled to fill backpacks with essential school supplies for unhoused and underprivileged children. Later that day, our team participated in the "Other Side of Wall St." walk led by Kamau Ware of Black Gotham Experience. The walk began with a naming ceremony introducing members of North America's first Free Black Settlement. As we explored the historical impact of these early settlers on New York City, we were struck by the absence of formal recognition for their contributions in the city's landmarks. Kamau's insightful stories and imagery brought to light the rich yet often overlooked layers of history, reminding us of the importance of acknowledging and celebrating all aspects of our past. As a Black woman in mortgage finance, I take pride in working for a firm like AD&Co, which not only supports but actively promotes the values of diversity, equity, and inclusion. Our ongoing efforts are a testament to our commitment to elevating our employees, enhancing our business, and advancing our industry.
AD&Co learning about the history of Manuel Plaza, a beautiful gathering spot dedicated to the impact of African Diaspora in the development of New York.
The S-Curve Archives
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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.
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NewsMartin Luther King, Jr. was a great leader and inspirational speaker. His wisdom can serve as a guide for as long as we remember him. Andrew Davidson & Co would like to acknowledge a fraction of what he gave us with two relevant quotes that seem fitting in 2021.
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Thoughts
In the spring of 2019, National Association of Realtors® (NAR), together with financial-market experts Susan Wachter (Wharton) and Richard Cooperstein (Andrew Davidson & Co., Inc.) proposed completing the transition of Fannie Mae and Freddie Mac (Enterprises) into market utilities in a publication entitled “A Vision for Enduring Housing Finance Reform.” This work builds on Richard Cooperstein and Andrew Davidson’s 2017 paper
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Thoughts
Separating signal from noise is at the heart of what we do at AD&Co. One of the key tools we utilize for that purpose is a sophisticated set of model performance trigger reports. These monthly reports not only alert us to model drift but also point to possible causes for the drift.
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News
We proudly launched our new website on November 13th. As you familiarize yourself with the new look of ad-co.com, you will come to know the many new offerings we provide. Along with the new website, we have organized our products as a menu of models and applications for a wide range of investor appetites. Let us review the menu of our product offerings.
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News
Andrew Davidson & Co., Inc. (AD&Co), is proud to support Fite Analytics’ innovative cloud-native Mortgage-Backed Securities Analytics Service. The Fite Analytics solution incorporates AD&Co’s LoanDynamics models that provide forecasts of voluntary prepayments, defaults and losses that drive risk analytics across the mortgage-backed securities market with comprehensive coverage.
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News
We are thrilled to announce that Andrew Davidson & Co., Inc. has launched a new look for ad-co.com. Some of the exciting new features of this site include:
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A dynamic homepage highlighting the firm’s latest innovations, AD&Co client benefits, announcements, and Diversity, Equity and Inclusion efforts.
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