ATLANTA, Feb. 26, 2016 /PRNewswire/ -- Equifax Inc. (NYSE: EFX), a global information solutions provider, today announced the expansion of its ground-breaking 2015 agreement enabling Fannie Mae to disclose monthly updated, anonymous, loan-level credit scores on all outstanding Connecticut Avenue Securities™ (CAS). Initially provided for the most recent two CAS deals and deals going forward, Fannie Mae and Equifax will now provide this additional disclosure for all of Fannie Mae's CAS deals. The information is expected be made available to investors on or before May 25, 2016.
"Equifax is uniquely positioned to drive change in the way investors analyze their securities portfolios," said Geoffrey Hickman, managing director of Government Credit and Capital Markets at Equifax. "This expansion will help facilitate additional analysis and surveillance on all outstanding CAS deals," added Hickman.
"We are happy to extend these updated monthly credit scores to all of our CAS deals," said Laurel Davis, vice president of Credit Risk Transfer for Fannie Mae. "This information continues to bring enhanced transparency to our deals and provides additional information to aid our CAS investors with monitoring their investments while continuing to protect the privacy of borrowers on the underlying loans."
Separately, Equifax's supplemental dataset of anonymous, loan-level borrower credit variables matched to loans referenced in CAS transactions will also be expanded to the entire CAS program in the same timeframe. This dataset, known as 'CRI for CAS,' enables the analysis of borrowers' credit behavior apart from their performance on the mortgage loans referenced in CAS transactions. CRI for CAS includes a number of Trended Credit Data attributes that are derived from historical time series tradeline-level consumer credit information.
Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 800 million consumers and 81 million businesses worldwide. The company's significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enable it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 21 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2015, Forbes named Equifax one of the World's 100 Most Innovative companies; Bloomberg BusinessWeek nominated it as one of its Top 50 companies; its CIO was named one of the top 100 by CIO magazine; the company ranked 13th in the Fintech 100 list; and it was recognized as a top 20 company to work for by the Atlanta Journal-Constitution and was named a 2015 InformationWeek Elite 100 Winner. For more information, please visit www.equifax.com.
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SOURCE Equifax Inc.