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Fixed-income analytics provider CMS BondEdge, Los Angeles, has released a new version of its technology that provides, among other features, improved collateralized mortgage obligation and mortgage pass-through analytics.
BondEdge version 4.6 includes prepayment forecasts calculated using an independent model that both simulates possible future interest rate environments and takes into account how mortgages prepaid in the recent past, according to Teri Geske, senior vice president of product development.
Ms. Geske said that in the new version of the software, historical prepayment speeds are incorporated in the prepayment analysis.
This could be useful, for example, in relative value analysis when one is considering buying or selling CMOs, Ms....