1010data to Provide Moody’s Performance Data as Part of a Full-Scale Analytics Solution for Three Structured Finance Products

New York - 29 July 2008

1010data, a provider of ad-hoc analytics for business intelligence, today announced access to performance databases for securities in the structured finance market from Moody’s Analytics, a leading provider of data and analytic tools to debt capital markets and credit risk management professionals. Key data from the asset-backed securities (ABS), residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) may now be utilized via 1010data’s Web-based service, providing a comprehensive view of the global securitization markets.

Given the recent volatility in the mortgage market, it has become imperative for investors to analyze the terms and payment patterns of loans that underlie the securities in which they invest. Analyzing mortgage data is one of the most complex and computation-intensive problems facing market participants due to vast quantities of data and unpredictable analytical needs. Traditional database technologies are unable to address these issues.

“Moody’s Analytics has built a reputation for being the foremost provider of data and analytics for credit professionals,” said Matthew McDonald, director of marketing and product strategy for structured finance at Moody’s Analytics. “By accessing Moody’s vast repository of scrubbed performance data via 1010data’s platform, users can focus on making investment decisions and improving the bottom line rather than managing large databases.”

Moody’s performance data is a comprehensive source of scrubbed, standardized data for monitoring ABS, RMBS and CDO holdings. With access to the same data Moody’s analysts use to track more than 14,000 deals, investors and collateral managers can assess portfolio risk with greater precision and benchmark their holdings against the larger market.

“With our expertise providing full-scale data analytics solutions to leading financial service firms, enterprises count on us to take advantage of the ripe opportunity in the subprime mortgage market,” said Sandy Steier, vice president and co-founder, 1010data. “By partnering with Moody’s, we’re ensuring that our customers have access to a full array of mortgage data solutions and are equipped to use them quickly and effectively – maximizing market opportunity and perhaps preventing further deterioration in the market.”

Counting more than 50 mortgage industry firms as customers, 1010data provides market-leading solutions for companies to analyze large amounts of loan and deal-level data for prepayment, default, delinquency and loss-severity rates. Its Software-as-a-Service (SaaS) model enables organizations to achieve results immediately with a turnkey solution that provides a uniquely powerful back-end database as well as an analytical front-end interface, allowing customers to discover new ideas are and insights in just minutes.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development