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CoreLogic Releases New Stress Test Analytics for Financial Institutions
Mar 19, 2015

CoreLogic has announced the release of an expanded CoreLogic HPI Forecasts to help banks comply with Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress-Testing (DFAST) requirements.The new CoreLogic Stress-Testing scenarios are aligned with the Federal Reserve Board of Governors’ CCAR national house price supervisory scenarios. They consist of three sets of five-year house price forecast scenarios: CCAR Baseline, CCAR Adverse and CCAR Severely Adverse, which are generated by CoreLogic and are available to meet the Federal Reserve’s national standards. In addition, the expanded CoreLogic HPI Forecasts can be used to run CBSA and ZIP-code level stress tests to help banks comply with the requirements of the Dodd-Frank Act for company-level risk assessments.  

Each of the forecast scenarios is available for single-family combined and single-family combined excluding stressed tiers. The scenarios are updated monthly and are CoreLogic RiskModel-ready for clients using this advanced analytical solution.

“Our expanded CoreLogic HPI Forecasts with stress-testing scenarios is designed to offer banks new options to benchmark their internal stress tests, and to assist mid-tier banks with their government regulatory stress-testing regimens,” said Olumide Soroye, managing director of Information Solutions for CoreLogic. “Since CoreLogic HPI is already incorporated in the Fed’s CCAR stress-testing scenarios, our expanded forecast offering is an ideal tool for guiding portfolio management, risk management, policy setting and investment strategy decisions.”

Mar 19, 2015