Interactive Data to Provide Evaluations for U.S. Residential Whole Loans

ORLANDO, Fla.--(BUSINESS WIRE)--American Securitization Forum, Booth #306--Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it will offer a new evaluations service for U.S. whole loans (non-securitized residential mortgage loans). This service is expected to be available in the second quarter of this year.

The new evaluations service can help financial institutions with the valuation of whole loans, which are becoming increasingly more common in banks’ holdings. According to Federal Reserve data, commercial banks’ residential whole loan assets totaled $1.56 trillion as of January 12, 2011. Utilizing a combination of powerful computational processing and analytical expertise in providing evaluated pricing for a wide variety of fixed-income instruments, Interactive Data is building an innovative service to provide evaluated prices for residential whole loans based on observable inputs from the securities markets.

The new service, which will cover both performing and non-performing whole loans, complements the Company’s current offerings related to securitized debt and other asset classes, which include: U.S. agency pass-through securities, agency and non-agency collateralized mortgage obligations, asset-backed securities, and commercial mortgage-backed securities. Interactive Data provides evaluations for an estimated 98 percent of outstanding U.S. structured securities.

“Our new offering leverages Interactive Data’s team of experienced evaluators with extensive knowledge of the whole loan market, along with an advanced parallel processing platform,” said Liz Duggan, managing director, Global Evaluations for Interactive Data. “As with many of our initiatives, this effort was driven directly by our clients’ demand for a unique service to address a growing asset class where there is currently limited or no independent evaluations coverage.”

Interactive Data is a leading provider of award winning* independent evaluated pricing services, delivering daily evaluations for more than 2.8 million fixed income and international equity issues. The Company’s evaluations coverage spans a broad range of instruments and represents approximately 100 countries and 30 different currencies. Over 5,000 financial institutions worldwide, from central banks to large investment banks, subscribe to Interactive Data’s evaluated prices to support pricing activities, research and portfolio management.

*In 2010, Interactive Data was named ‘Best Third-Party Valuation Provider’ in the Credit Awards Americas 2010. Interactive Data also won an award for the second consecutive year as ‘Best Evaluated Prices Services Provider’ from Inside Market Data and Inside Reference Data.

About Interactive Data Corporation

Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has over 2,400 employees in offices worldwide.

Pricing, evaluations and reference data are provided in the U.S. through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.

For more information, please visit www.interactivedata.com