Foreclosure Cure is calculated using monthly data. For a given month, we define it as:
Count of Cured Loans / Count of Loans Foreclosed
where Cured Loans represent loans that were foreclosed and have either become current or been paid in full (PIF). This calculation can be re-written as:
Count of Loans that are now current or PIF / Count of Loans Foreclosed
dv01 Tips:
- Leverage this on the Analysis page
- Toggle the X-Axis to understand how different time adjustments affect this calculation and seasonality (i.e. months since foreclosure)
- Utilize filters and strats to segment the specific vintages or foreclosure months you want to target