Altair Data reported a $603M derivatives loss on an oversized hedge related to its planned Two Harbors Mortgage Servicing Right acquisition after the deal fell apart.
Published
Signal category
Legal & Regulatory
Quote
“UWM kept an oversized hedge related to its planned Two Harbors MSR acquisition after the deal fell apart and reported a $603M derivatives loss when rates moved against the position in Q2.”
— David Hadaway|Altair Data team
Company
Altair Data
Altair Data Solutions provides the credit, consumer and behavioral data brands need to acquire & retain customers.
- Industry
- Marketing Services
- Location
- Brentwood, US
- Company size
- 49 employees
Altair Data is leading the way for database and direct-to-consumer marketing. Our team works with the nation’s top Mortgage, Banking, Automotive, and Healthcare marketers in order to ensure that the right messages are always getting in front of the most precise and targeted audiences. Altair began operations in 2001. Our executive team aimed to develop a more complete solution for the issues being encountered by top financial institutions. Altair was established by incorporating multiple data sources, knowledge of the marketing industry, and data science. Our solutions empower marketers and executive management teams to acquire and retain customers successfully using tri-bureau data and custom analytics. Altair offers multi-solution approaches for marketers in various industries. - Over 5,000 unique attributes on upwards of 2 billion consumers - Easy to use online platform that is convenient for quick ITA data counts - Industry leading data science team comprised of credit bureau alumni with 30+ years’ experience - Back end reporting on every campaign to ensure maximum ROI for every client Altair works with multiple verticals on direct-to-consumer marketing campaigns. Our areas of expertise include Financial Services, Healthcare, Insurance, & Retail Marketing.
Founded 2001