Servicer Behavior Dataset Released by BlackBox Logic

PR Newswire

DENVER, June 3, 2014 /PRNewswire/ -- BlackBox Logic, LLC has released a new loan-level residential mortgage-backed securities (RMBS) performance dataset, BBx Premium Non-Agency RMBS, that allows capital market participants to more effectively analyze servicer behavior in the private label security market.  Some of the key features include:

  • Forbearance: estimated values and confidence levels.
  • Enhanced Modification: monthly flags, amounts and percentages broken into capital, balance reduction, and rate modification categories. 
  • Servicer Advances: total amounts, percentages, and statuses.

The data can be accessed through Crystal Logic, BlackBox's web-based historical RMBS analytics tool, or as a standalone dataset. 

BlackBox Logic, a Denver based company, offers comprehensive loan-level data on the collateral underlying RMBS, providing valuable insight to investors, broker/dealers, researchers, and other mortgage market participants.  Users of BBx Data™ have access to more than 21 million loans across nearly 7,600 deals and can match individual loans to deal names, group names and other identifiers.

Cory Lambert, VP of Data and Analytics: "Our new premium dataset offers investors a huge lift with their non-agency RMBS analysis, as it provides vital transparency that we believe is missing in the market.  The expanded detail will help investors better evaluate how security performance is impacted by servicer behavior, including such events as forbearance which is difficult to estimate but has become an increasingly important topic to understand."

The BBx Premium Non-Agency RMBS fields are calculated using in-house developed algorithms, which are continuously monitored and updated to ensure the highest quality for end users.  The loan-level data can be aggregated at the deal, bond, shelf, servicer, or other custom cohort levels, providing investors with a full picture of the private label security universe. 

For more information, please contact Kyle Croyle at 303-567-6480 or kcroyle@bbxlogic.com.

BlackBox Logic, LLC is a loan-level RMBS and Whole Loan data and analytics company that delivers solutions for investors, servicers, researchers, banks and other mortgage market participants.  Their non-agency and agency loan-level RMBS databases are the most comprehensive in the industry, providing users with analytic ready data that can be customized to any needs. 

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