Equifax Releases New Risk Tool

Equifax Inc. (Atlanta, Ga.) has released a new analytical tool to evaluate mortgagors' credit histories in detail: Equifax Mortgage Market Risk Insight (MRI). The tool gives lenders updated credit information on borrowers (vintage, loan type and first mortgage payment status), aggregated at the zip code level. Mortgage MRI then uses leading indicators and scoring models to analyze risk and determine a borrower's potential for going bankrupt within the next two years, providing investors with what Equifax calls "deeper insights" into a mortgagor's credit behavior.