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Bedford, MA Office

32 Crosby Drive
Bedford
MA
US

London, UK Office

Fitzroy House, 13-17 Epworth Street
London
GB

Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
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Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
Dublin
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Luxembourg, Lux Office

5th floor 28 boulevard Royal
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Switzerland, Geneva Office

25, rue Kléberg
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New York, NY Office

100 William Street, 17th Floor
New York
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White Plains, NY Office

100 Hillside Avenue
White Plains
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Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
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Hayward, CA Office

3955 Point Eden Way
Hayward
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Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
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Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
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Channel Islands, Jersey Office

8 Hill Street St Helier
Jersey
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Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
DE

Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
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Switzerland, Zurich Office

Loewenstrasse 2
Zurich
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Australia, Sydney Office

Suite 405/368 Sussex Street
Sydney
AU

Japan, Tokyo Office

Kyobashi No. 8 Nagaoka Bldg. 1F 2-20-9 Hatchobori Chuo-ku
Tokyo
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Location Office

International House 1 St. Katharine's Way
London
GB

Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
IT

Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
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US

New York, NY Office

100 Church Street, 11th Floor
New York
NY
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UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
AE

Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
US

Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
AU

Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
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Interactive Data Provides Independent Evaluations for gnma Reverse Mortgage-backed Securities

Rapid Growth of HMBS Driving Increased Demand for Independent Evaluations

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that its Pricing and Reference Data business is now providing daily independent evaluations for fixed-rate reverse mortgage-backed securities (HMBS) issued under the Government National Mortgage Association (GNMA) Home Equity Conversion Mortgage (HECM) program. This program is designed to provide liquidity to reverse mortgage lenders. Interactive Data is among the first data providers in the industry to offer daily evaluations for fixed rate GNMA HMBS.

Reverse mortgages provide an alternative to traditional home equity loans for homeowners seeking to monetize the equity in their homes. As the baby-boomer generation enters retirement age, it is expected they will turn to the equity in their homes to provide supplemental cash flow during this time period of their lives.

Origination volume in 2009 for GNMA HMBS was approximately $8.5 billion, up more than 600% from 2008.* GNMA has indicated that it expects 25-30 percent growth in HECM originations.** Despite these increases, holders of GNMA HMBS have been challenged to find independent evaluations for these securities. Holders that may have previously relied on broker quotes or information from a dealer to assess current market value can now realize the benefits of subscribing to independent evaluations of fixed rate GNMA HMBS as an input to their valuations process.

“GNMA HMBS have undergone dramatic growth over the past few years, and we find that many of our clients -- especially insurance companies, mutual funds, and custodian banks -- are increasingly requesting evaluations for these structures,” said Liz Duggan, managing director, Evaluations, Interactive Data Pricing and Reference Data. “Our clients can now subscribe to our independent evaluations for fixed rate GNMA HMBS as an input to their valuations process.”