November 2023 Updates to Clarity
The November 15, 2023 Clarity Data Intelligence® (Clarity) release provides enhancements in both the Credit Risk Transfer (CRT) and Mortgage-Backed Securities (MBS) sections.
Here’s what’s new:
CRT Updates
Proxy Cohort Dashboards - Added Modification Losses
Now you have the option to view the Credit Event Loss, Modification Loss or Total Loss (Mod + Credit Event) on the Proxy Cohort dashboards. On the graph views, there is a drop-down selection. On the table views, all three fields are shown as columns.
Across Deals Graph View (Drop-down)
![A histogram showing across deals for November 2023](/system/files/styles/max_800xautoheight/private/2023-11/Proxy%20Cohort%20Deals%20Nov%202023.png?itok=_f9efZbb)
Across Years Graph View (Drop-down)
![A histogram of proxy cohort for years for November 2023](/system/files/styles/max_800xautoheight/private/2023-11/Proxy%20Cohort%20Years%20Nov%202023.png?itok=Pyi7KU-I)
Across Deals Table View (Columns)
![A proxy cohort table of numbers across deals for November 2023](/system/files/styles/max_800xautoheight/private/2023-11/Proxy%20Cohort%20Table%20Nov%202023.png?itok=KdF_9qB7)
Cumulative Loss Dashboard – Column Reordering
The main measures on this page – default (Credit Event), Loss, and Severity – are all grouped together on the left side of the page, with all the components of loss now on the right side.
![Table of numbers showing cumulative loss for November 2023](/system/files/styles/max_800xautoheight/private/2023-11/Cum%20Loss%20Nov%202023.png?itok=QA5teEwU)
MBS Update
Cohort-Level Prepayments Report – Added Fannie Mae Data
Now you can easily compare Government Sponsored Enterprise (GSE) prepayments, as Fannie Mae data has been added to the Cohort-Level Prepayments report. The report provides a side-by-side comparison in bar chart format, allowing you to view historical data or track intra-month trends as the next release of monthly factors approaches. The data is refreshed weekly on Wednesdays at approximately 4:30 p.m.
The MBS’s Clarity user guide has been updated to include this change.
Cohort-Level Prepayments Report
![Picture of histogram showing Cohort Prepayment Nov 2023](/system/files/styles/max_800xautoheight/private/2023-11/CohortPrepayment%20Nov%202023.png?itok=M6YYrDaG)