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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Introducing a New Interface to Navigate Our Website with EaseNews
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.
Dynamic Models
LoanDynamics (LDM) is the credit modeling solution you need. Our behavioral model helps you manage interest rate and credit risks in single family, multifamily, and auto loans by forecasting prepayments, delinquencies, defaults, and loss probabilities.
RiskValDynamics (RVD) is our flexible valuation engine formerly known as OAS Subroutines. It combines LDM, our suite of MacroDynamics models, and our original, highly-efficient cash-flow engines.
MacroDynamics (MDM) is our suite of macroeconomic models including InterestRateDynamics, HomePriceDynamics, and UnemploymentDynamics.
Applications
Kinetics is our new modular platform, designed to deliver the full suite of our models and analytics with the option to license only the tools you need. LoanKinetics , our multi-functional whole loan application, joins the Kinetics platform, along with MSRKinetics (MSRK), our new web-based offering focused on assessing MSR risk, and PoolKinetics, a module for pay-up valuation of agency pools.
RiskProfiler (RP) is our complete valuation and risk assessment solution that covers all asset classes modeled by AD&Co: MBS and ARM pools, loans and their derivatives (IO, PO, MI, MSR), structured securities (CMOs), and hedge instruments. All inputs and outputs are stored in a SQL database.
We hope the new interface helps you learn more about all that Andrew Davidson & Co., Inc. can offer during these unprecedented times.
Happy Holidays and Stay Safe – Ashlea Bonds, Marketing
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Andrew Davidson & Co., Inc.’s LoanDynamics Models Empowers Fite Analytics’ MBS Analytics ServiceNews
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. To read the full press release click here.
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Introducing the New AD&Co WebsiteNews
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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Our new blog titled The S-Curve that offers our latest announcements, product updates, and insights on the mortgage market in real time.
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An enhanced solutions-focused structure organized by I Work In (includes industry and investment categories), Tools (product pages), Consulting, Insights (announcements and literature), and Client Portal (downloads portal and model resources).
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About AD&Co includes Our Company and Diversity, Equity, and Inclusion sections which offer a look into the firm’s foundation, culture, and practices.
Please take the time to:
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Register to access the new website. You will be prompted to set up a new password.
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Kindly verify your contact information on your User Dashboard. If you need to update your information, please contact us.
Finally, we’ve updated our Terms of Use and Privacy Statement. You will be asked to accept them when you log in for the first time.
Please let us know feedback or concerns to ensure we continue to serve you well. Thank you.
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The S-Curve Archives
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EventsAt the recent AmeriCatalyst ‘Going to Extremes’ Climate, Housing and Finance Leadership Summit, I presented a session on how risks related to weather-related losses impact the housing finance system.
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EventsAndy and I recently attended AmeriCatalyst ‘Going to Extremes’ Climate, Housing and Finance Leadership Summit in Washington, D.C., a fantastic conference on all things related to climate risk and the housing ecosystem. While going over all the great speakers and broad expertise represented there would take a novella, I want to connect a few key ideas discussed there to our ongoing efforts in this area.
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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!
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EventsThe Federal Home Loan Bank of San Francisco directed the Urban Institute to develop innovative and actionable ideas to close the gap between white and black homeownership rates, which is as wide today as before the Fair Housing Act, enacted 60 years ago. Homeownership is crucial to a fairer society because working and middle-class families most commonly create inter-generational wealth by owning homes with amortizing mortgages.
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EventsThe Data Foundation of Mortgage Finance
Homeownership is the largest source of wealth accumulation and inter-generational wealth transfer for the working and middle class. However, the non-interest cost of financing is always an obstacle for first-time and low-wealth buyers, and underserved populations.
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ThoughtsIn this blog post, we used the recently updated Mortgage Market Statistical Annual to examine the dynamics of residential loan origination by state and by market segments and highlight important trends.
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ProductsAndrew Davidson & Co., Inc. (AD&Co) is pleased to announce the official release of Kinetics v1.10, the latest update to AD&Co’s modular platform for running the AD&Co suite of analytics. This update introduces the Multifamily LoanDynamics Module, the newest way to run Multifamily LoanDynamics Model (LDM). Investors, servicers, insurers and lenders can leverage this new module to better understand the prepayment and credit risk of their multifamily mortgage portfolio.
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EventsAndrew Davidson & Co., Inc. (AD&Co) held a webinar on June 8th entitled “Lessons Learned: Insights for Managing the Interest Rate Risk of Banks.” Mickey Storms from our Alliances and Policies team, Alex Levin from our Financial Engineering team and Andrew Davidson were featured speakers.
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ProductsAndrew Davidson & Co., Inc (AD&Co) is pleased to announce the beta release of a new monthly report series titled “Specified Pool Prepayment Trends,” which aims at showing market prepayment trends for specified agency pools in support of pay-up analyses by investors, traders, and alike.
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ProductsAndrew Davidson & Co., Inc (AD&Co) is pleased to announce that Polypaths LLC supports AD&Co’s Auto LoanDynamics Model (Auto LDM) providing prepayments, defaults and losses on auto loans and securities.