Glossary & Methodologies

Glossary A-Z
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Wed, 17 Jun, 2020 at 12:12 PM
HouseCanary Glossary
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...
Thu, 20 Feb, 2020 at 10:44 AM
Loan Status
The Loan Status field is a critical data point that allows users to easily identify the delinquency status of any given loan at a particular point in time. ...
Wed, 15 Apr, 2020 at 9:45 AM
CDR Calculation
Conditional default rate (CDR) is calculated using monthly data. For a given month, the annualized CDR is defined as: where the liquidation rate is the s...
Mon, 25 Mar, 2019 at 4:54 PM
Modification Metrics
Key metrics can be utilized in a number of places across the application to monitor borrowers who are either actively modified, or have been modified at any...
Fri, 22 May, 2020 at 2:11 PM
CPR Calculation
Conditional prepayment rate (CPR) is calculated using monthly data. For a given month, the single monthly mortality rate (SMM) is first calculated: where...
Mon, 25 Mar, 2019 at 4:54 PM
Cashflow Calculations
The dv01 cashflow engine projects future cashflows by simulating the performance of loans and waterfall structures based on user-specified assumption vector...
Mon, 25 Mar, 2019 at 4:53 PM
Cumulative Loss Calculation
Cumulative loss severity is calculated by taking the amount charged off less the net recovery over the original loan balance.
Mon, 25 Mar, 2019 at 4:54 PM
How dv01 Calculates Yield
The yield dv01 generates when pricing cash flows is bond equivalent yield (BEY). BEY is the industry standard for quoting bond yields. You can recreate the ...
Mon, 25 Mar, 2019 at 4:54 PM
Loss Severity Calculation
Loss Severity displays what amount of that charge off balance has not been recovered as of today for loans that have charged off in a specified period (not ...
Thu, 26 Dec, 2019 at 4:18 PM