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CoreLogic Rolls Out New Data Initiative for RMBS Analysis

""CoreLogic"":http://www.corelogic.com/ has launched a new provision for clients using the company's private-label residential mortgage-backed securities (RMBS) dataset.


California-based CoreLogic recently announced the incorporation of anonymized servicer stop advance data, which will be available free of charge for the company's existing and new RMBS-data customers.


The trustee-submitted data from CoreLogic will be at the loan-level, as opposed to aggregated. According to the company, this will ""enable investors to make more precise projections of future cash flows and default risks by allowing insight into the characteristics of the loans that have stopped cash flowing for principal, interest, or both.""

Ben Graboske, senior vice president of CoreLogic's real estate and financial serves, data, and analytics division, stated, ""The private-label market has been looking for this level of insight for some time. The challenge has always been about finding adequate information at the loan level.

""With these latest enhancements we provide another level of granularity and transparency to assist our clients with their decision-making,"" added Graboske.

CoreLogic's stop advance data will include history dating back to January 2009. Investors and servicers using the new provision can now perform modeling, historical trending, and time series analysis against the non-agency RMBS data that includes the stop advance statistics.

About Author: Abby Gregory


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