CoreLogic Introduces New Analytics Solutions for Bank Stress-Testing
Email Dan Smith
March 19, 2015, Irvine, Calif. –
—CoreLogic HPI Forecasts Now Include Scenarios for Fed CCAR and DFAST Bank-Specific Stress-Testing—
CoreLogic® (NYSE: CLGX), a leading information, analytics and data-enabled services provider, today 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.
For more information about the CoreLogic HPI Forecast with CCAR Scenarios, visit http://www.corelogic.com/landing-pages/stress-testing.aspx#container-ResidentialMortgageAssetStress-Testing.
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company’s combined data from public, contributory and proprietary sources includes over 3.5 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
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