New Service Provides Automated, Transparent Credit Grades and Dynamic Surveillance on Non-Agency Residential Mortgage-Backed Securities
CoreLogic® (NYSE: CLGX) announced the availability of CoreLogic Bond Tracker, an innovative bond assessment service for non-agency residential mortgage-backed securities (RMBS). The service offers granular, dynamic, and automated analyses of security holdings and underlying collateral.
CoreLogic Bond Tracker will provide life-of-bond surveillance and aid investors, banks and other institutions in valuing and assessing the credit risk of mortgage securities. CoreLogic Bond Tracker will incorporate a wide range of risk factors including property value changes and other market-impacting events.
CoreLogic is not registered as a nationally recognized statistical ratings organization (NRSRO) and as such, CoreLogic Bond Tracker does not constitute a NRSRO credit rating.