The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

CRE Valuation Specialist Launches Resi Default Prediction Model

Providing products for the residential default management niche is clearly hot right now. InsideValuation, a real estate valuation company focused on the commercial mortgage segment, said Monday that it has expanded its valuation efforts into the residential mortgage space. Via a partnership with International Financing Engineering Group, an econometric consultancy based in Rockville, MD, the company will beging providing ZIP-code level mortgage default projections, it said in a press statement. Using access to millions of recent loan histories and a large quantity of subprime loan default information, the companies have developed a default projective index (DPI), a hybrid tool that assesses the future rate of default by reflecting behavior of local median home prices. DPI tracks 6- and 12-month forward movement of default rates for a specific mortgage according to the zip where the property is located. InsideValuation said that lenders can use the forward projections to gauge overall risk, make loss mitigation decisions and assist in pool pricing. "Our enhanced model benefits the mortgage industry as the first truly projective default index; it is a supplemental tool to bring the standard historical indices like the Case-Shiller and OFHEO one step forward to support mortgage lender’s underwriting decisions," said Barry Bates, president and CEO, InsideValuation. The index will be updated quarterly and available in XML stream, via a web service, in valuation reports provided by InsideValuation and in bulk by spreadsheet upload/download. For more information, visit

Recent Articles by Paul Jackson

Comments powered by Disqus