Black Knight McDash Loan-Level Mortgage Performance Dataset Now Includes Mortgage Market in Puerto Rico
February 21 2018 - 9:00AM
Today, Black Knight, Inc. (NYSE:BKI) announced that its
industry-leading McDash mortgage and home equity database now
includes loan-level performance data for loans on single-family
properties in Puerto Rico.
High-quality mortgage performance data is critical to assessing
loan portfolio risk on the island, where more than 200,000 homes
were damaged by Hurricane Maria. Based on the most recent data, an
estimated 84,000 mortgages remain past-due as a result of the
storm. More than one-third of all mortgages in Puerto Rico are at
least one payment in arrears, while 19 percent are 90 or more days
past due.
Black Knight’s McDash database features mortgage and home equity
data on more than 175 million unique loans across the credit
spectrum, spanning over three decades of mortgage performance.
Offering the fastest turnaround in the market, McDash provides data
15 days after month-end. McDash’s data on loans in Puerto Rico will
help investors, traders and servicers:
- Perform benchmarking and analysis on loan portfolios
- Build better prepayment, default and economic models
- Help predict loan delinquencies
- Quantify loan-loss behavior
Investors in Government National Mortgage Association (Ginnie
Mae) securities may be particularly interested in the new McDash
Puerto Rico data, as Ginnie Mae loans make up twice the market
share in Puerto Rico as in the U.S. mainland.
“The devastating impact of Hurricane Maria – and to a lesser
extent, Irma as well – is still being felt on the ground in Puerto
Rico,” said Kevin Coop, group executive and president of Black
Knight’s Data & Analytics division. “That impact extends into
the mortgage market as well. Expanding our dataset to include
mortgage loans in Puerto Rico will help industry professionals
assess mortgage credit, prepay and loss performance on the island,
even in the best of times. Post-Maria, the need for insight into
loans on the island has become that much more urgent, and McDash
can help provide the details needed to manage the associated
portfolio risk.”
Requests for complimentary demonstrations of McDash can be sent
to BlackKnightDNA@bkfs.com.
About Black Knight
Black Knight (NYSE:BKI) is a leading provider of
integrated software, data and analytics solutions that facilitate
and automate many of the business processes across the
homeownership lifecycle.
As a leading fintech, Black Knight is committed to being a
premier business partner that clients rely on to achieve their
strategic goals, realize greater success and better serve their
customers by delivering best-in-class software, services and
insights with a relentless commitment to excellence, innovation,
integrity and leadership. For more information on Black Knight,
please visit http://www.blackknightinc.com/.
For more
information: |
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Michelle
Kersch |
Mitch Cohen |
904.854.5043 |
704.890.8158 |
michelle.kersch@bkfs.com |
mitch.cohen@bkfs.com
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