We 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. 

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. For some, it is a brisk walk outside, a yoga class, talking to a friend, or finding a sympathetic therapist. The possibilities are endless. Let’s take this month to think about what WE need.

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. Applications include economic scenario analysis to examine the impact of unemployment scenarios or rates on defaults, losses and prepayments, stress testing for CCAR/CECL, valuation and risk measurement.

The article provides an overview of the auto loan market, discusses the underlying data used for estimation, our model architecture, and contains sections on delinquency, seasonality, unemployment and severity determinants. We look forward to your feedback – please reach out to us at support@ad-co.com if you are interested in more details or a trial.

-Eknath Belbase

Since 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. It’s becoming harder and harder to doubt the legitimacy of climate change, and how we as humans contribute it.  At Andrew Davidson & Co., Inc. (AD&Co) we recognize the dramatic nature of climate change and how it effects our neighbors around the world. As experts in the mortgage market, we’re looking at the ways extreme weather, such as hurricanes, floods, drought, and melting glaciers, affects people’s homes, their way of life—and the availability and price of housing.

In our December 2020 Pipeline article we anticipated an increasing expectation on the need to measure and disclose exposure to climate change, and laid out some of the analytic challenges. We have focused on studying the existing research, reaching out to climate risk research firms, and understanding the landscape of what is available and what needs to be developed. As we explore different product ideas, we expect to reach out to our existing clients to help us understand better the ways we can continue to deliver leading-edge analytics in this space.

For additional information, check out this panel featuring AD&Co’s Eknath Belbase. 

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

Here at Andrew Davidson & Co., Inc. (AD&Co) we have been aware since our founding in 1992 that diversity of all kinds makes for a more interesting culture, a better exchange of ideas, and ultimately better products and services. However, for all of us, globally and in the U.S., there is still a long way to go. We are focused on increasing our sensitivity to diversity and unconscious bias and have made diversity outreach in recruiting, mentorship, vendors, charitable giving—indeed, in every aspect of our business a priority. We have been focused on the fact that every person deserves an equitable life. Our guiding principle is that we are all people and we all deserve to be treated equally. 

This is especially relevant to issues of housing as AD&Co’s Richard Cooperstein has addressed in the article he co-authored with Ken Fears from the National Association of Realtors (NARS) and Susan Wachter of the Wharton School for Business, University of Pennsylvania, Government-Sponsored Enterprises: Their Viability as Public Utilities published in the journal “Housing Policy Debate,” Volume 31, 2021 - Issue 1: The Mortgage Market in the Time of COVID / Smart Cities, Housing, and Community Development Policy.