Thornburg Mortgage Launches New Website for Collateral Analysis of MBS Securitizations
25 Octubre 2005 - 3:43PM
PR Newswire (US)
Thornburg Mortgage employs Lewtan Technologies' ABS Discloser
platform for in- depth analysis and static pool performance
tracking SANTA FE, N.M., Oct. 25 /PRNewswire/ -- Thornburg
Mortgage, Inc. (NYSE: TMA) and Lewtan Technologies, Inc. ("Lewtan")
today announced that Thornburg Mortgage launched a new investor
website utilizing the ABS Discloser infrastructure for in-depth
collateral analysis. The website provides investors, credit
enhancers and other market participants with detailed
collateral-level performance data for $13 billion in Thornburg
Mortgage MBS transactions. The new site also incorporates static
pool tracking capabilities and the ability to drill down into the
stratifications of each transaction. To access the site,
individuals may go to http://www.thornburgmortgage.com/ and select
the MBS Performance tab. Thornburg Mortgage is a nationwide
single-family residential mortgage lender with $39.6 billion in
assets focused principally on the jumbo segment of the
adjustable-rate mortgage market. ABS Discloser improves the
marketability and transparency of ABS transactions by illuminating
deal performance and leveraging proven web technologies. The static
pool functionality reveals how delinquencies, losses and
prepayments develop over time for a discrete group of loans. The
Thornburg Mortgage website will provide dynamic capabilities to
drill down into different aggregations of loan-level data and view
statistics based on investor-defined parameters. ABS Discloser also
provides a robust static pool filing solution to meet the
requirements of the new SEC Reg AB -- a significant area of focus
for ABS issuers who must be in compliance by January of 2006. "We
are very pleased to provide investors with an analytic tool that
will allow them to assess with precision how the collateral pools
of our securitizations are performing," said Deborah Burns, Senior
Vice President of Mortgage Loan Securitization at Thornburg
Mortgage. "Our goal is to provide investors with real transparency
as it relates to the quality of our collateral, and Lewtan's ABS
Discloser utilizes leading-edge technology to help us achieve that
goal." "Thornburg Mortgage is poised to be a nationwide leader in
the single- family, jumbo adjustable-rate mortgage market and we
are very pleased that they have chosen ABS Discloser to support
their ABS investor relations activity," said Stuart Lewtan, CEO of
Lewtan Technologies. About Thornburg Mortgage Thornburg Mortgage is
a leading single-family residential mortgage lender focused
principally on the jumbo segment of the adjustable rate mortgage
market. Backed by a balance sheet of $39.6 billion in high quality
assets, the company seeks to deliver attractive dividend income and
steady growth for its shareholders by acquiring high quality
mortgage-backed securities and growing its share of the mortgage
loan origination business. Capitalizing on its innovative portfolio
lending model, REIT tax structure and leading edge technology,
Thornburg Mortgage is a highly efficient provider of specialized
mortgage loan products for borrowers nationwide with excellent
credit, and is positioned to become one of the top 50 mortgage
lenders in the country. We invite you to visit the company's
website at http://www.thornburgmortgage.com/. About Lewtan
Technologies Lewtan Technologies, Inc.(C) is the leading provider
of information and technology solutions to the global asset
securitization industry. More than 250 institutions rely on Lewtan
Technologies' solutions such as ABSNet, now the leading resource
for ABS intelligence and surveillance in the global market. Lewtan
also provides new European Cash Flow Models on ABSNet for
multi-scenario deal analysis. ABS Discloser provides issuers with
improved deal transparency and marketability, while Lewtan's ABS
System automates an issuer's securitization administration and
reporting process. In 2001, Lewtan and Deutsche Bank Corporate
Trust launched iCDO, a full-service, Web-based transaction
management system for issuers of collateralized debt obligations
(CDO's). Lewtan Technologies has twice been awarded the
International Securitisation Report's "Global Technology Provider
of the Year" award. More information is available at
http://www.lewtan.com/. Contact: Leanne Gallagher George Henman
Thornburg Mortgage, Inc. Lewtan Technologies, Inc. 505.989.1900
781.672.1230 http://www.thornburgmortgage.com/
http://www.lewtan.com/ DATASOURCE: Lewtan Technologies, Inc.
CONTACT: Leanne Gallagher of Thornburg Mortgage, Inc.,
+1-505-989-1900; or George Henman of Lewtan Technologies, Inc.,
+1-781-672-1230 Web site: http://www.lewtan.com/
http://www.thornburgmortgage.com/
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