UK-based Acadametrics Limited has built its highly influential industry position on a foundation of advanced academic research and macroeconomic modeling, led by Dr Stephen Satchell, The Reader in Financial Econometrics at the University of Cambridge. In the early 1990s, Dr Satchell and Acadametrics staff focused on forecasting the mortgage and MIG losses likely to arise from the 1989-1991 housing crisis. The substantial downturn default and mortgage database which they gathered has enabled the hazard rate forecasting methodology which they use to forecast loan-by-loan losses today.
Acadametrics also conceived and developed the proprietary house price index, FTHPI, which they launched with the Financial Times in 2003. FTHPI pioneered the use of Land Registry data, using a forecasting model for current month re-sults, developed exclusively for Acadametrics at Cambridge. FTHPI was selected by the Chicago Mercantile Exchange to become the basis for their proposed residential house price derivative
Since 1989, MIAC has been the industry’s leading US provider of pricing, risk management and accounting solutions. Known for its expertise in secondary and capital markets, innovative price discovery methods, and insightful collateral behavior analysis, their versatile MIAC Analytics™ software is trusted worldwide by the majority of the industry’s largest mortgage companies and is used to value and hedge more than four trillion dollars in residential and commercial mortgage Whole Loans, MSRs, Structured Products and interest rate derivatives on a monthly basis.
MIAC’s term structure Libor Market Model has an industry-leading calibration process to enable highly accurate volatility-based asset pricing. MIAC Analytics™ integrates with the largest independent prepayment model vendors, credit risk model vendors and data vendors in the US today.