When it comes to assessing risk non-agency RMBS, borrower credit matters
Before this economic downturn, traditional loan-level data sources seemed sufficient for evaluating risk in securitized home loans. From now on, you must find ways to look beyond the loan terms, LTV and credit score at origination to see more of the total risk and relative value that exists. This is where TransUnion Consumer Risk Indicators for non-agency RMBS can help.
Find the underlying borrower risk and make it part of your overall loan-level assessment
One of the keys to identifying hidden risk and relative value in RMBS is greater loan-level transparency. By accessing the credit characteristics of the borrowers in your securities, you gain a level of detail that can reveal risk you couldn't see before and significantly change the results of your evaluation.
Linking borrower credit data to loan-level securities data has been a challenge-until now
TransUnion and CoreLogic® have successfully matched Consumer Risk Indicators to the LoanPerformance Securities Database with very high quality. Everything is anonymous to protect the borrower's privacy, and it is all tied to the exact same LoanPerformance Loan ID you use today.
Transunion Consumer Risk Indicators for non-agency RMBS