Mortgage Analytics is defined as an array of analysis—organized by market and product—which provides insight into how pricing strategy and market conditions will affect
mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
volume and demand. Analytic reports include market response,
price elasticity
A good's price elasticity of demand (E_d, PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others. The price elastici ...
and general sensitivity studies seen both at the firm and market levels.
Mortgage analytics experts use several types of data resources to create customized reports for their clients, commonly
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
s and lenders who seek up-to-date mortgage data in order to set appropriate
loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that ...
rates and fees for borrowers. These data resources include records of
delinquency rates, dealer loss information estimates, trend analysis, automated
property valuation, property tax delinquency
The New Frontier Of Mortgage Analytics
and other loan-level data sets like lock-loan volume reports and lender-based loan fee reports.
See also
*Commercial mortgage
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or ...
* No Income No Asset (NINA)
* Nonrecourse debt
*Refinancing
Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic ...
*Second Mortgage
Second mortgages, commonly referred to as junior liens, are loans secured by a property in addition to the primary mortgage. Depending on the time at which the second mortgage is originated, the loan can be structured as either a standalone secon ...
References
External links
WSJ - Data Firms Going Deeper On Mortgages
Mortgage Analytics Guide
{{DEFAULTSORT:Mortgage Analytics
Mortgage