BlackBox Logic Unveils BBx Premium Non-Agency RMBS – NMP Skip to main content

BlackBox Logic Unveils BBx Premium Non-Agency RMBS

NationalMortgageProfessional.com
Jun 04, 2014

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. "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," said Cory Lambert, VP of Data and Analytics. "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. 
Published
Jun 04, 2014
CFPB Alters Threshold For Exempting Loans From Special Appraisal Requirements

The 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. 

Regulation and Compliance
Dec 02, 2021
Regulatory Review, Reformatted

The progress made to date with NMLS modernization

Regulation and Compliance
Dec 01, 2021
November Surprise: Fed May Accelerate Tapering

Chairman Powell tells Congress of concerns about inflation, COVID-19 variant’s effect on recovery.

Regulation and Compliance
Dec 01, 2021
FHFA's 2022 Conforming Loan Limit Maxes Out At Nearly $1M

Baseline limit for Fannie, Freddie increases to $647,200, but for 'high-cost areas' loan ceiling set at $970,800 for single-family homes.

Regulation and Compliance
Dec 01, 2021
Regulators Are Back In The Saddle

There’s not only a new sherriff in town, it’s a whole gang of them.

Regulation and Compliance
Nov 29, 2021
CFPB Seeks Insight On Creating A Fairer Mortgage Market

The Consumer Financial Protection Bureau has been actively looking to create a fairer mortgage market, free of discriminatory engagements. To do so, it issued a Request for Information to seek input on rules implementing the Home Mortgage Disclosure Act.

Regulation and Compliance
Nov 17, 2021