Edeus launches mortgage quality assessment service

Reuters UK- Mortgage market specialist edeus is launching a service that it says will allow investors and bankers to assess the quality of pools of mortgages behind asset-backed securities based on up-to-date information.

Edeus says its service differs from traditional due diligence in its scope; whereas traditional practices look at around 15 percent of a mortgage pool at the point of origination, edeus analyses the whole pool based on current credit scores and borrower data.

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