Top Regulator Says: "It's Time To Change The World"
Poster: SySAdmin
Posted on February 14, 2013 at 7:14:01 AM
Top Regulator Says: "It's Time To Change The World"
Picks Marketcore's work as key to restoring RMBS Market
GREENWICH, Conn., Feb. 14, 2013 /PRNewswire/ -- In an article published February 12, in The Regulator, Eric Nordman, the National Association of Insurance Commissioners' director of regulatory services and the director of the Center for Insurance Policy and Research, names the methods of Marketcore.com, Inc. and its inventor, Michael Erlanger, as a key process for reviving the moribund residential mortgage backed securities market (RMBS). Mr. Nordman expands on the observations about the Marketcore methodology made by the noted risk management authority David M. Rowe, Ph.D.
(Logo: http://photos.prnewswire.com/prnh/20091015/NY92773LOGO)
Mr. Nordman quotes Dr. Rowe's observation that Marketcore could resolve the RMBS aspect of the financial crisis "without the benefit of government guarantees...and should be made a national priority". Mr. Nordman goes on to say "Mr. Erlanger has outlined all the business processes necessary to add transparency and restore RMBS for the benefit of insurers and other investors. His company, Marketcore, should be included as part of the solution."
Mr. Nordman also discusses the elements of the Marketcore methods, particularly Transaction Credits(TM) (a flexible tool to power market liquidity and growth). Nordman adds, "[Marketcore's] recommended processes go beyond the RMBS markets and potentially cover all of structured finance...the suggested business process can quantify and reduce risk to help restore financial markets to good health."
Dr. Rowe contributed to a recent NAIC White Paper, "Financing Home Ownership", in which he first discussed the potential of Marketcore's invention to revitalize the RMBS market. That White Paper has had a record number of downloads.
About Marketcore®
Founded in 2000, Marketcore (http://www.marketcore.com) is a privately held company based in Connecticut. The Company focuses on creating tools that improve operating efficiencies, liquidity, value enhancement and risk assessment for the financial services industry.
SOURCE Marketcore, Inc.
Photo:http://photos.prnewswire.com/prnh/20091015/NY92773LOGO
http://photoarchive.ap.org/
Marketcore, Inc.
CONTACT: Constance Erlanger, +1-203-542-7211, cerlanger@marketcore.com, info@marketcore.com
Web Site: http://www.marketcore.com
Picks Marketcore's work as key to restoring RMBS Market
GREENWICH, Conn., Feb. 14, 2013 /PRNewswire/ -- In an article published February 12, in The Regulator, Eric Nordman, the National Association of Insurance Commissioners' director of regulatory services and the director of the Center for Insurance Policy and Research, names the methods of Marketcore.com, Inc. and its inventor, Michael Erlanger, as a key process for reviving the moribund residential mortgage backed securities market (RMBS). Mr. Nordman expands on the observations about the Marketcore methodology made by the noted risk management authority David M. Rowe, Ph.D.
(Logo: http://photos.prnewswire.com/prnh/20091015/NY92773LOGO)
Mr. Nordman quotes Dr. Rowe's observation that Marketcore could resolve the RMBS aspect of the financial crisis "without the benefit of government guarantees...and should be made a national priority". Mr. Nordman goes on to say "Mr. Erlanger has outlined all the business processes necessary to add transparency and restore RMBS for the benefit of insurers and other investors. His company, Marketcore, should be included as part of the solution."
Mr. Nordman also discusses the elements of the Marketcore methods, particularly Transaction Credits(TM) (a flexible tool to power market liquidity and growth). Nordman adds, "[Marketcore's] recommended processes go beyond the RMBS markets and potentially cover all of structured finance...the suggested business process can quantify and reduce risk to help restore financial markets to good health."
Dr. Rowe contributed to a recent NAIC White Paper, "Financing Home Ownership", in which he first discussed the potential of Marketcore's invention to revitalize the RMBS market. That White Paper has had a record number of downloads.
About Marketcore®
Founded in 2000, Marketcore (http://www.marketcore.com) is a privately held company based in Connecticut. The Company focuses on creating tools that improve operating efficiencies, liquidity, value enhancement and risk assessment for the financial services industry.
SOURCE Marketcore, Inc.
Photo:http://photos.prnewswire.com/prnh/20091015/NY92773LOGO
http://photoarchive.ap.org/
Marketcore, Inc.
CONTACT: Constance Erlanger, +1-203-542-7211, cerlanger@marketcore.com, info@marketcore.com
Web Site: http://www.marketcore.com