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Moody's Analytics is seeking to help banks manage interest rate risk and determine how different economic shocks would affect their credit portfolios.
February 10 -
Regulators' recent moves to encourage mortgage lenders to relax standards have reignited a contentious debate.
May 19 -
The Federal Reserve's suggestion that bank assets rise in recessions, though supported by data, paints an incomplete picture. Stress ultimately causes bank assets to decline, but with a considerable time lag.
March 25
Moody's Analytics has agreed to acquire WebEquity Solutions, a provider of cloud-based loan origination and loan risk analysis solutions for financial institutions.
WebEquity's software-as-a-service offering for community banks expands
WebEquity, of Omaha, Neb., specializes in technology meant to help banks improve loan origination efficiency and risk management operations. Its hosted platform, which is used by more than 750 banks and credit unions supporting more than 20,000 lending professionals in the U.S., Canada and Australia, generated revenue of nearly $15 million in 2013, according to the release.
The acquisition is expected to close in the third quarter. It will be funded from cash on hand and reflected in Moody's 2016 earnings per share, the company said.
The price was not disclosed.