Jumbo assets are among the most liquid in the secondary mortgage market, and an analytics system enhancement targets jumbo metrics.
More than 19.4 percent of all U.S. mortgages originations so far this year were prime-jumbo or super-prime-jumbo mortgages.
In addition, jumbo home loans
“continue to be the only asset class with access to liquidity in the private-label secondary market.”
That is
according to Olumide Soroye, managing director of information solutions at CoreLogic Inc.
So the Irvine, California-based company is promoting its enhanced RiskModel
analytics system.
RiskModel reportedly forecasts future residential mortgage prepayments, defaults, losses and cash flows.
“The latest release includes enhancements that significantly expand the system’s prime jumbo modeling capabilities for recently issued private-label residential mortgage-backed securities, legacy prime pools, and new prime jumbo loans originated under tighter underwriting guidelines,” CoreLogic said in the news release.
