Clayton Holdings, MBSData launch MBS analysis tool

The rush to provide increased transparency of mortgage-backed securities continues with more analytic tools launching this week. Clayton Holdings signed an agreement with MBSData to provide MBS investors with another risk analysis platform to gauge collateral performance and identify trends among data points. “Investors, risk managers and others need access to comprehensive loan-level data combined with high-end analytics, at affordable prices,” Clayton CEO Paul Bossidy said. The companies plan to combine MBSData’s loan-level dataset with Clayton’s InCyt data query and reporting tool. Financial terms of the pact weren’t disclosed. The firms expect the new product to reach most of the private-label market and “provide a technologically advanced platform for investors to manage RMBS risk efficiently and effectively. ” Clayton President Karl Weiss recently told HousingWire the market needs cash-flow driven analytic tools to correctly assess loan collateral within MBS. He expects individual projections for prepayment speeds, loss severities, foreclosure rates and other data points to improve the transparency of the security. Write to Jason Philyaw.