CRT Deal Monitor: Understanding When Credit Becomes Risky

This analysis tracks several metrics related to deal performance and credit profile, putting them into a historical context by comparing the same metrics for recent-vintage deals against those of ‘similar’ cohorts in the time leading up to the 2008 housing crisis. You’ll see how credit metrics are trending today and understand the significance of today’s… ShareTweetShare+1

RiskSpan Adds Home Equity Conversion Mortgage Data to Edge Platform

ARLINGTON, VA, September 12, 2018 — Leading mortgage data analytics provider RiskSpan added Home Equity Conversion Mortgage (HECM) Data to the library of datasets available through its RS Edge Platform. The dataset includes over half a billion records from Ginnie Mae that will expand the RS Edge Platform’s critical applications in Reverse-Mortgage Analysis. RS Edge… ShareTweetShare+1

RiskSpan VQI: Current Underwriting Standards – August 2018

RiskSpan’s Vintage Quality Index (VQI) held mostly steady in August, nudging up to 99.43 compared to 99.02 in July. The slight increase (indicative of generally looser underwriting standards) reflects modest increases in the proportion of high-LTV (over 80%) loans and mortgages with second liens behind them. These increases were offset for the most part by… ShareTweetShare+1

RiskSpan to Offer Credit Risk Transfer Data Through Edge Platform

ARLINGTON, VA, September 6, 2018 — RiskSpan announced today its rollout of Credit Risk Transfer (CRT) datasets available through its RS Edge Platform. The datasets include over seventy million Agency loans that will expand the RS Edge platform’s data library and add key enhancements for credit risk analysis.  RS Edge is a SaaS platform that integrates normalized data, predictive models… ShareTweetShare+1

RiskSpan VQI: Current Underwriting Standards – July 2018

RiskSpan’s Vintage Quality Index (VQI) fell below 100 for the first time in 2018, settling at 99.02 and continuing a trend of mild tightening in underwriting standards. The decline was driven in part by a slight decrease in the proportion of high-LTV loans, cash-out refis, and single-borrower loans. The remaining risk layers held fairly constant. RiskSpan… ShareTweetShare+1

Is This a “Qualified Mortgage”? Ask Fannie Mae

Who really defines what constitutes a “Qualified Mortgage”? The answer, though codified in federal regulation, is not as simple as it may appear. Updates to Regulation Z in response to the Dodd-Frank Act seem straightforward enough. Under the regulation, “Qualified Mortgage” status is presupposed so long as: 1) the loan lacks certain characteristics, including negative… ShareTweetShare+1

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RiskSpan Releases Summer 2018 Edge Platform Update

ARLINGTON, Va., Aug. 9, 2018 — RiskSpan announced today that it has released the Summer 2018 production update to its commercially-available RS Edge Platform. RS Edge is a SaaS platform that integrates normalized data, predictive models and complex scenario analytics for customers in the capital markets, commercial banking, and insurance industries. The Edge Platform solves the hardest data management and… ShareTweetShare+1

Houston Strong: Communities Recover from Hurricanes. Do Mortgages?

The 2017 hurricane season devastated individual lives, communities, and entire regions. As one would expect, dramatic increases in mortgage delinquencies accompanied these events. But the subsequent recoveries are a testament both to the resilience of the people living in these areas and to relief mechanisms put into place by the mortgage holders. Now, nearly a… ShareTweetShare+1

RiskSpan VQI: Current Underwriting Standards – June 2018

RiskSpan’s Vintage Quality Index (VQI) fell slightly, from 102.59 in May to 100.76 in June 2018, indicating a mild tightening but no major changes in underwriting standards. A slight increase in the proportion of loans made to borrowers with LTVs greater than 80% was offset by a reduction cash–out refis.  RiskSpan introduced the VQI in 2015 as a way of quantifying the underwriting environment of a particular… ShareTweetShare+1