Mortgages

The recent financial crisis highlighted the importance of scrupulous attention to not only obligor debt servicing capacity, but also to the evolution of underlying mortgage collateral value. Recently some lenders have been chastized by the courts for neglecting their responsibility to monitor and disclose the resilience of the collateral backing of their mortgage loan portfolios. In the absence of robust empirical monitoring tools for residential real estate assets, it was difficult to avoid resorting to assumptions that facilitated analytical approaches but ultimately proved unfounded. Pricepoint RRE addresses the need for a robust and empirically anchored source of collateral value, complemented by the full set of dynamic information needed for consistent portfolio analysis and stress tests.