S&P, Veros Form Alliance

Posted by Orb Staff on October 29, 2009 No Comments
Categories : Residential Mortgage

Standard & Poor's (S&P) Fixed Income Risk Management Services (FIRMS), an analytics and research unit separate from S&P's ratings business, and Veros Real Estate Solutions, a provider of model-driven real estate valuations, have announced a strategic alliance aimed at providing the market with property valuation information specific to loans underlying residential mortgage-backed securities (RMBS).

Through the alliance, investors will have direct access to S&P loan-level information, as well as a wide range of collateral valuation data from Veros, including current property value estimates, combined loan-to-value ratios and home-price forecasts.

Veros' loan-level property information will be offered in tandem with S&P's Global Data Solutions-U.S. RMBS Edition, notes David Goldstein, managing director at S&P's FIRMS.
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SOURCE: Veros Real Estate Solutions, Standard & Poor's FIRMS

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