Angelo Gordon & Co. selected TransUnion and its consumer risk indicator product to offer greater insight into borrowers in their mortgage portfolios.
The product is based on loan-level securities data from CoreLogic LoanPerformance.
"As the mortgage and housing sector shows signs of stabilization, it is imperative that the industry learn from history and understand the need for a transparent and up-to-date view inside every mortgage loan to actively manage and trade a RMBS portfolio," said Tim Martin, group vice president in TransUnion's capital markets business unit.
Martin added the firm is now able to bring added information on almost all other facets of a mortgage borrower's credit profile such as how a borrower is performing on their second mortgage, their auto loan, and their credit cards, all anonymously.
"This information can enable users to predict defaults long before the loan delinquency information that was available up to now," Martin said. "With this added transparency, portfolio managers and traders can better differentiate between securities and value bonds with greater accuracy."
TransUnion's consumer risk indicators for RMBS data is available through 1010data's service and can also be provided via direct delivery from the company.