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“Introduction of the TrueStandings technology represents a robust response to our
clients’ desire for a state-of-the-art information and access solution,” said Dan
Feshbach, CEO and founder of LoanPerformance. “Over the next year, the
TrueStandings technology will be expanded to include the entire LPS product suite,
including LPS Prime, Subprime, and HELOC/Seconds.”
LoanPerformance will continue to support the LPS suite into the future for clients
who wish to continue to receive the data in physical form, noted Feshbach.
About TrueStandings Securities
TrueStandings Securities includes three databases with loan level data - MBS, BC
and Alt-A. The MBS Database includes detail for over 2,200 active pools backed by
1.9 million loans from over 50 issuers. The ABS Database (created by Alt-A and BC)
includes detail for over 850 home equity and subprime securities backed by 2.9
million loans from over 30 issuers. The Alt-A Database includes detail for over 600
securities back by 700,000 loans for 10 issuers.
The power of TrueStandings Securities is the over ten-year perspective on the nonagency
securities market. Analysts and decision-makers from financial institutions,
rating agencies, traders, issuers and investors can access and track the most
comprehensive repository of mortgage securities data with any Web browser. By
leveraging this information, users can identify risks based on high concentrations of
undesirable collateral underlying security holdings, quickly analyze and evaluate
portfolios, create synthetic securities for more accurate benchmarking, mine and
analyze data visually with pivot-tables and graphs, communicate between databases
via a standard, user-friendly interface, and conduct complex analyses and generate
monthly reports easily with helpful wizards.
For more information about TrueStandings Securities, please call the
LoanPerformance representative in your area: West – Jim Kinnebrew (415-536-
3523) Midwest – Charles DiMascio (909-593-0141) NY to DC Corridor – Connie Keim
(973-226-0084) New England, PA, OH – Brian Gunn (415-536-3537) Southeast –
Debra Donan (908-304-0263)
About LoanPerformance
San Francisco, CA-based LoanPerformance (formerly MIC) is a leading research and
analytics company serving the mortgage industry and Wall Street. LoanPerformance
tracks the payment performance of 90% of the outstanding prime mortgages in the
U.S, 65% of the outstanding subprime market and 80% of the private (non-agency)
mortgage securities market. LoanPerformance aggregated databases and analytical
tools enable financial service institutions, Wall Street analysts, and mortgage
investors to make more informed decisions by integrating robust data and analytics
into their credit risk and securitization processes.
For more information, visit www.loanperformance.com, or call 415-536-3500.
©2004, LoanPerformance. All Rights Reserved. LoanPerformance, TrueStandings and
LPS are trademarks of LoanPerformance, Inc.
Media contacts:
Bob Visini
LoanPerformance
415.806.8140 (mobile)
415.536.3526 (office)
bob.visini@loanperformance.com
John Lewis
Campbell Lewis Communications
202.285.5726 (mobile)
202.261.6548 (office)
john@campbelllewis.com
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