AD&Co. In the News + Featured Articles

We are happy to share some articles that have been written by or about AD&Co.

The Concept of Credit OAS in Valuation of MBS by Alex Levin & Andrew Davidson The Journal of Portfolio Management pp. 41-55, Spring 2008

Andrew Davidson touches on Residential MBS and how it is affected by changing home prices. Andy also discusses what can be done to hedge RMBS risk a RiskCenter Video exclusive, March 2, 2008

Fear and loathing, and a hint of hope , The Economist, February 14, 2008

Andrew Davidson contemplates the effectiveness of assignee liability and its effects on the lifetime of a loan, as it gets handed down to the borrower., a RiskCenter Video exclusive, December 2, 2007

The Last Word of What Went Wrong , The New York Sun, September 18, 2007

Defaults on Some `Alt A' Loans Surpass Subprime Ones, Bloomberg News, July 24, 2007

Investor Beware Of Subprime Risk Models Dow Jones Newswire, July 18, 2007

AD&Co. sees Modeling Gains National Mortgage News, February 12, 2007.

Pricing Models Often Differ From Actual Securities Prices, Some Vendors Warn Inside Mortgage Finance, Number 48 | December 15, December 15, 2006.

Improving the Investors' Perspective on Credit Risk: Non-Agency Investors and the Secondary Market The Bottom Line, September/October 2006.

AD&CO Models Credit Risk as Non-Agency Mortgage Share Rises. Asset Securitization Report pp. 16-17, Vol. 6/Number 23, June 12, 2006.

Andrew Davidson & Co., Inc. Jettison's Hybrid ARM Valuations, Creates New, More Reliable Prepay Index. Inside MBS & ABS, April 2006.

Credit Risk Becoming Increasingly More Relevant to Mortgage Investors, Secondary Marketing Executive, August 2005

Prepayment Risk-and-Option-Adjusted Valuation of MBS. The Journal of Portfolio Management, Volume 31, No. 4, Summer 2005.

FAS-91, FAS-133 And Sarbanes-Oxley Steal Management's Attention in '05. Commercial Mortgage Insight, Vol. 9, No. 5, Summer 2005.

Interest Rate Model Selection: A Conscientious Choice for Mortgage Investors. The Journal of Portfolio Management pp. 74-86, Vol. 30, No. 2, Winter 2004.

A Blueprint for a New Foundation for Government-Sponsored Enterprises. Secondary Marketing Executive pp. 18-19, Vol. 17, No. 12, November 2003.

New Disclosures Are a Good Step, but Loan-Level Data is Needed. Secondary Marketing Executive pp. 4 & 46, Vol. 17, No. 5, April 2003.

New MBS Disclosures are a Positive Step for the Mortgage Market. The Bottom Line pp. 5-6, Vol. III, Is. 3, March 2003.

Interest Rate Modeling: A Conscientious Choice. Financial Engineering News p.12, Issue No. 30, Mar/Apr 2003.

Cover: Perils and Phantoms. The Mortgage Securitization Boom is Threatened by Recession, Legislation & Rate Change. Investment Dealer's Digest (IDD). p.26-31, February 3, 2003.

Mortgage Market Awaits Perfect Storm. Asset Securitization Report p.14-15, Vol. 3, No. 2, January 13, 2003.

Viewpoint: Interest Rate Modeling: A Conscientious Choice. The Bottom Line p. 2-3, Vol II, Is. 11, December 2002.

Analytic Tools Are Enhanced. Servicing Management p.14, Vol.14, No.4, December 2002.

Levin, Alex. "Mortgage Pricing on Low-Dimensional Grids." Interest Rate, Term Structuring & Valuation Modeling. 1st Edition. Frank J. Fabozzi. Wiley Finance, 2002. pp. 469-488.

AD&Co. Shops New Model for Interest Rates. Asset Securitization Report p.12, October 14, 2002.

Stern, Howard. "In Financial Analysis, It's About Quality." Servicing Management p.23, Vol. 14, No. 2, October 2002.

The Relationship Between the Yield Curve & the Mortgage Current Coupon. Securitization Conduit Vol. 3, Nos. 3-4, 2000.

Hybrid ARMs Now Dominate Market. National Mortgage News April 15, 2002.

Andrew Davidson Updates Prepay Model. National Mortgage News April 8, 2002.

The Yield Curve & Mortgage Current Coupon. The Journal of Fixed Income March 2002.

Defining the Relationship between the Yield Curve and Mortgage Rates. Secondary Marketing Executive July 2001.

MBS Valuations Linked to Swap Curves. Asset Securitization Report April 23, 2001.

'Implied' Prepayment Risk Puts a Wrinkle into Servicing Values. Mortgage Servicing News March 2001

New Prepayment Model Makes Debut. National Mortgage News February 5, 2001.

New ARM HEL Prepayment Model Arrives. Mortgage-Backed Securities Letter August 7, 2000

Contact Laura Gridley with all PR inquiries at 212.274.9075.