HW readers know well by now that things are getting ugly for home equity loans -- HW reported on January 3 that HEL deliquencies were at their highest level since 2005, according to a report by the American Bankers Association. First American Suboridinate Lien Outsourcing -- that's FASLO, the ridiculously long name for a second-lien speciality group within the company's larger default outsourcing business -- said Tuesday morning that it has launched a second lien scoring model, called SeLi, that can help servicers and investors quantify the value of any second lien positions they hold and/or manage. SeLi uses First American's property and consumer databases to generate risk scores that can be used to determine trade value, ability to collect, potential to revive the loan, as well as recovery and loss severity. Calling SeLi a "transparent solution," FASLO president Jason Pinson said the new product was a way for servicers and investors to "optimize default operations." For more information, visit http://www.firstamerican.com.