NEW YORK, New York, August 10th, 2010 — Moody’s Analytics, a leading independent provider of economic forecasting and credit risk services, today announced the immediate availability of RealtyTrac Foreclosure Data, a service drawing on the extensive foreclosure, property, loan and home sales data from RealtyTrac, the leading online marketplace of foreclosure information.
“We are pleased to work with Moody’s Analytics in aggregating and combining foreclosure data with other measures of housing and economic activity,” said Rick Sharga, Senior Vice President of RealtyTrac. “Institutions with exposure to consumers either through retail loan portfolios or through other products will now be able to easily integrate their economic and house price data with RealtyTrac foreclosure data for more predictive models.”
This new offering from Moody’s Analytics aggregates the extensive proprietary foreclosure information from RealtyTrac and combines it with industry-leading local economic and house price measures to deliver a complete view of housing for banks, asset managers, federal and local governments, and others with exposure to housing and consumer conditions. This rich dataset provides insight at all stages of the foreclosure process from pre-foreclosure to auction to bank-owned accounting for both flow measures (starts) and inventory counts?as well as extensive geographic granularity by region, state, metropolitan area, city, county or ZIP code. The data is updated monthly, providing a timely pulse of local conditions.
“Foreclosures are an important leading indicator, and the spate of home mortgage defaults during the downturn has highlighted the need for quality and timely data,” said Celia Chen, Senior Director, Moody’s Analytics. “In some geographies, such as Las Vegas and Miami, foreclosures will become a significant drag on house price appreciation, while in other geographies significant reduction in foreclosure inventories will remove a key impediment to house price appreciation allowing lenders and other market participants to customize and localize business and marketing plans.”
The addition of the RealtyTrac Foreclosure Data allows Moody’s Analytics clients to draw on this extensive foreclosure data and deliver it in a format that they can modify for their own modeling needs and easily combine with other drivers, such as house prices, employment, personal income, population, migration, and more. “When combined with exclusive offerings such as the Case-Shiller House Price Forecasts, this foreclosure data can help investors develop more accurate expectations for house price appreciation and risk managers to develop more realistic expectations of risk exposure”, said Erlind Dine, Director at Moody’s Analytics.
For more information on the service, visit www.economy.com/realtytrac.
About Moody’s Analytics
Moody’s Analytics helps capital markets and credit risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $1.8 billion in 2009, employs approximately 4,000 people worldwide and maintains a presence in 26 countries. Additional information about the company is available at www.moodys.com.
Michael Adler, 212-553-4667