Magazine article Mortgage Banking

CoreLogic Releases RiskModelDIRECT

Magazine article Mortgage Banking

CoreLogic Releases RiskModelDIRECT

Article excerpt

Santa Ana, California--based CoreLogic, a provider of information, analytics and business services, has introduced RiskModelDIRECT[TM], a new cost-effective way for large and smaller banks and investors to access CoreLogic RiskModel[R] advanced prepayment, default, severity and delinquency risk projections for non-agency residential mortgage-backed securities (RMBS).

With RiskModelDIRECT, investors can precisely select a set of securities they are interested in on an a la carte basis or subscribe to the entire mortgage-backed securities (MBS) and asset-based securities (ABS) market of non-agency securities.

RiskModeIDIRECT produces fast, highly sophisticated RMBS portfolio risk projections using CoreLogic data that covers more than 97 percent of the non-agency RMBS market and incorporates the CoreLogic Home-Price Index (CoreLogic HPI[R]) and HPI Forecasts into its proprietary models. Designed for investors and managers who want the analytics without the overhead, RiskModelDirect delivers collateral reports and scenario-based projections based on 20 macroeconomic scenarios and applies the same data and statistical modeling techniques used by large, sophisticated investors, according to CoreLogic.

In addition, RiskModelDIRECT integrates CoreLogic HPI data to isolate future default risk by calculating current ZIP code or core-based-statistical-area--level (CBSA-level) loan-to-value (LTV) ratio estimates as well as HPI forecasts for more than 200 CBSAs. …

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