Skip to main content

RiskVal Unveils New Cloud-Based Risk Management System
Dec 26, 2013

RiskVal Financial Solutions has announced the launch of RVMortgage, a cloud-based risk management platform covering residential mortgages. RVMortgage simulates future home loan performance using econometric models. Users can run Monte Carlo simulation on numerous risk factors, including interest rates and housing price index (HPI) levels, to understand the impact of those stresses on the individual loan level. Results can be aggregated at varying degrees of detail and then output or graphed. Loan-level data on forty-million individual U.S. mortgages powers these simulations. This data, including actual historical and spot paydown rates, outstanding principal, and other observable factors, makes the simulation of potential future events significantly more accurate. The platform is hosted in a SAS70/SOC1-certified data center. Users access the platform via a web-based interface that is intuitive and that features numerous prepackaged features and criteria. For example, loans can be grouped and analyzed based on specific characteristics, including metropolitan statistical area (MSA), State and borrower credit score, all of which are available in the interface. “We are pleased to release this innovative solution, which offers market participants a greater level of transparency into the risks associated with individual mortgages and the securitized products constructed using them," said Nigel Snowdon, vice president at RiskVal. "Our robust simulation models, available through a lightweight, hosted platform, will help investors to more effectively manage and report on risk.”
Dec 26, 2013
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021