Welcome to The S-Curve
Now you will be able to receive the latest announcements, product updates, and our insights on the mortgage market in real time.
The name of the blog, the S-Curve, is a reflection of our logo and the central feature of our prepayment model. S-curves are seen in nature in many phenomenon, from population growth to prepayment and default models. Our first S-curve, in the early 1990s, used the arctangent function, then piece-wise linear functions, and evolved over time to be more complex and vary by FICO, loan size and LTV. This evolution encapsulates both the timeless nature of fundamental relationships and constant innovation to describe them better over time.
We hope you find the information useful and we look forward to your feedback.
-
Day of Service 2025EventsThe Andrew Davidson & Co., Inc. (AD&Co) DEI Day of Service 2025 provided the opportunity to have fun and support the greater NYC community at the same time. Hosted by the AD&Co DEI Committee, we first gathered at the AD&Co office to prepare backpacks for unhoused students in support of Volunteers of America® Greater New York’s Operation Backpack®. Essential school supplies are being distributed to Elementary, Middle, and High School students. This volunteer activity aligns closely with the AD&Co values of continuous learning and education, and I feel confident that this donation of school supplies will be impactful to these young students.
On to lunch, Jing Fong “has been a New York institution since 1978, specializing in dim sum and Cantonese cuisine.” But what is Dim Sum? As advised by blogger Justine Pang, “Dim sum is a Chinese cuisine, taken from the teahouse culture in Hong Kong and Guangdong Province; in which consist of small plates of Chinese food paired with a hot cup of tea, and accompanied with family and friends.” At one time, Jing Fong occupied a space with 800 seat capacity. The center of the table was filled with fresh, delicious food, and it spins on a lazy susan to allow for easy sharing.
The last stop of the day was to the Museum of Chinese in America (MOCA). The museum specializes in collecting practical, everyday items that reflect ordinary life, and the magazine exhibit was especially interesting.
The Herbalist
“In the early days of Chinese medicine in America, Chinese treatment for certain ailments was more effective than Western treatments and didn’t have side effects” - MOCA The Laundry
Laundry businesses have historically provided a stable and reliable income for many Chinese immigrants who faced exclusion and racism from many other industries. The World of Magazines
“Through magazine publishing, a vital form of mass media in the 1990s, Asian Americans editorialized issues central to their lives and depicted themselves in ways that were unimaginable before. Magazine Fever presents stories of Generation X magazines–how they were founded and sustained; how they captured the essence of multiculturalism and Generation X paradigms, and how they impacted the ways Asian American identity is understood today.” - MOCA It was great to experience Chinatown in Manhattan via food, history, and culture. I had the opportunity to purchase two books at MOCA and will follow both MOCA and Jing Fong on social media to continue to support future events!
The S-Curve Archives
-
ProductsAndrew Davidson & Co., Inc (AD&Co) is thrilled to announce an expanding relationship with a Third-Party Vendor! AD&Co enjoys working with countless analytical providers to offer our clients seamless solutions and we would like to welcome Milliman M-PIRe™ to the team!
-
EventsThe Federal Home Loan Bank of San Francisco directed the Urban Institute to develop innovative and actionable ideas to close the gap between white and black homeownership rates, which is as wide today as before the Fair Housing Act, enacted 60 years ago. Homeownership is crucial to a fairer society because working and middle-class families most commonly create inter-generational wealth by owning homes with amortizing mortgages.
-
EventsThe Data Foundation of Mortgage Finance
Homeownership is the largest source of wealth accumulation and inter-generational wealth transfer for the working and middle class. However, the non-interest cost of financing is always an obstacle for first-time and low-wealth buyers, and underserved populations.
-
ThoughtsIn this blog post, we used the recently updated Mortgage Market Statistical Annual to examine the dynamics of residential loan origination by state and by market segments and highlight important trends.
-
ProductsAndrew Davidson & Co., Inc. (AD&Co) is pleased to announce the official release of Kinetics v1.10, the latest update to AD&Co’s modular platform for running the AD&Co suite of analytics. This update introduces the Multifamily LoanDynamics Module, the newest way to run Multifamily LoanDynamics Model (LDM). Investors, servicers, insurers and lenders can leverage this new module to better understand the prepayment and credit risk of their multifamily mortgage portfolio.
-
EventsAndrew Davidson & Co., Inc. (AD&Co) held a webinar on June 8th entitled “Lessons Learned: Insights for Managing the Interest Rate Risk of Banks.” Mickey Storms from our Alliances and Policies team, Alex Levin from our Financial Engineering team and Andrew Davidson were featured speakers.
-
ProductsAndrew Davidson & Co., Inc (AD&Co) is pleased to announce the beta release of a new monthly report series titled “Specified Pool Prepayment Trends,” which aims at showing market prepayment trends for specified agency pools in support of pay-up analyses by investors, traders, and alike.
-
ProductsAndrew Davidson & Co., Inc (AD&Co) is pleased to announce that Polypaths LLC supports AD&Co’s Auto LoanDynamics Model (Auto LDM) providing prepayments, defaults and losses on auto loans and securities.
-
EventsThe Structured Finance Association hosted SFVegas 2023 (February 26 - March 1), a broad capital markets conference with thousands of attendees in Las Vegas. Andrew Davidson & Co. Inc. (AD&Co) was a sponsor focused on the mortgage sector. As we engaged with clients and policy leaders, a few themes emerged: Data, Expanding Access Safely, Ginnie Mae Servicing and Auto Loan Performance.
-
ProductsAndrew Davidson & Co., Inc (AD&Co) is pleased to announce the official release of the LoanDynamics Module in Kinetics, AD&Co's new modular platform for running AD&Co analytics via a desktop application, web browser, or REST API. The LoanDynamics Module is the latest way to run the LoanDynamics Model, allowing users to perform sensitivity analysis, validation testing, and scenario analysis in a modern, user-friendly application.