H 

Home Price Index (HPI): A tool that measures changes in single-family home prices across a designated market. These tools can show you areas where home values are increasing or decreasing so you can estimate prices


HouseCanary Geography: dv01 matches every mortgage loan to the appropriate HouseCanary index on an MSA level. If a loan is in a more rural area where reliable MSA information is not covered by HouseCanary, dv01 matches on a state level.


HouseCanary Date: For any loan where dv01 obtains an appraisal value for a loan after its origination date the asset_appraised_value_date_last. Otherwise, it's the loan_origination_date


HouseCanary LTV:  Current balance/ Latest Appraisal Value


HouseCanary Original Value: For any loan where dv01 obtains an appraisal value for a loan after its origination date (for example, RPL, Seasoned, some non-QM securitizations),  asset_appraised_value_last

For any loan where no post origination appraisal exists (CRT, some non-QM), this is the loan_balance_orig / asset_loan_to_value_orig (meaning the original loan balance divided by the original LTV)


HPI Current : HPI value at the Latest as_of_date for the HouseCanary Geography of a mortgage loan


HPI One Year Lag: HPI value as of 1 year (12 months)  from the latest as_of_date for the House Canary Geography of a mortgage loan


HPI Original: HPI value at the HouseCanary Date for the HouseCanary Geography of a mortgage loan



Back to Top 


L 

Latest Appraisal Value: the HouseCanary Original Value multiplied by the change in Total HPA. HouseCanary Original Value * (1+ Total HPA)



Back to Top   


O 

One Year HPA: trailing twelve months home price appreciation. This is the current HPI / HPI one year lag -1

    

Back to Top   


T 

Total HPA: the total home price change of a mortgage loan from the HouseCanary Date to the latest as_of_date. This is the current HPI / original HPI -1



Back to Top