BlackBox Logic Signs Academic Clients

DENVER--(BUSINESS WIRE)--BlackBox Logic, LLC is helping top academic researchers gain better insight into U.S. and international residential real estate and capital markets. The company recently entered agreements with several prominent academic institutions and faculty members, including:

“BlackBox Logic data is already the basis for over a dozen research papers and several dissertations at LSU”

Columbia Business School
E.J. Ourso College of Business at Louisiana State University
Dr. Stuart Gabriel with the Richard S. Ziman Center for Real Estate at UCLA’s Anderson School of Management
Tuck School of Business at Dartmouth College
National University of Singapore’s Institute of Real Estate Studies
Faculty at the University of Pennsylvania’s Wharton School

BlackBox Logic provides loan-level data aggregation services, analytical reporting and dynamic analytic software to residential mortgage and capital markets participants including investors, broker/dealers and mortgage market researchers. BlackBox has been focused on collecting data and providing analytics in the residential mortgage space for more than four years, delivering high-quality, comprehensive data that is customized to client environments. BlackBox recently expanded to offer data covering residential mortgage backed securities (RMBS) in the United Kingdom, with plans to expand that service to other European countries.

“Like the investors, traders and broker/dealers we serve, academic researchers are demanding better data and insight into the residential mortgage markets,” said Wyck Brown, chief marketing officer for BlackBox Logic. “The research these universities produce gives us all a better understanding of mortgage markets in the U.S. and abroad, and we’re thrilled to support their efforts.”

In January 2011, Columbia Business School cited BlackBox Logic data in a groundbreaking report on strategic defaults. Researchers examined the effect of news about modification programs on delinquent homeowners’ behavior (Click for report).

“The team at BlackBox Logic has introduced important advances to the market that are progressing our understanding of borrower behavior and other mortgage trends,” said Christopher Mayer, Senior Vice Dean and Paul Milstein Professor of Real Estate at Columbia Business School.

A February 24, 2011 Wall Street Journal op-ed by Dr. Joseph Mason proposed, based in part on BlackBox data research, that the foreclosure delays could be expected to detract from U.S. economic growth (Click for abstract).

“BlackBox Logic data is already the basis for over a dozen research papers and several dissertations at LSU,” said Dr. Joseph Mason, Hermann Moyse, Jr./Louisiana Bankers Association Endowed Professor of Banking, Louisiana State University and Senior Fellow, The Wharton School. “The ability to drill down from deal-level to loan-level data facilitates not only real estate research, but also research on the links between loan performance, pool performance and the value of MBS.”

Using BlackBox Logic’s data, Dr. Stuart Gabriel, Arden Realty Chair and Professor of Finance at the UCLA Anderson School of Management and Director of the Richard S. Ziman Center for Real Estate, stated, “We are working on a number of projects seeking to understand the changes in behavior of mortgage buyers during the recent period of boom and bust in the housing market.”

BlackBox Logic offers academic pricing to help advance research. The company also offers flexible data delivery options, opening premium loan-level data to more users. One method for receiving BlackBox Logic’s data is through the company’s proprietary web-based user interface, Crystal Logic. The Crystal Logic application is a historical data analytics and reporting tool that allows users to select any imaginable set of loans from the non-conforming universe and quickly generate graphs, tables, and reports to help with analysis, reporting, and other client workflow.

The company’s flagship loan-level data product, BBx Data^®, covers the Jumbo A, Subprime and Alt-A mortgage markets and includes more than 7,400 residential mortgage-backed securities, 21 million loans and over 700 million remittance records, dating back to 1999.

About BlackBox Logic, LLC (www.bbxlogic.com)

BlackBox Logic, LLC provides RMBS loan-level data aggregation services, analytical reporting, and dynamic analytic software to residential mortgage and capital markets participants including investors, broker/dealers and researchers. BlackBox delivers high quality, comprehensive data that is customized to client environments. BlackBox's unique aggregation, normalization, and cleansing processes transform data into usable business information. BlackBox strives to dramatically improve its customer’s innovation capabilities, risk management methodology, transaction processing, and data management, thereby creating an inherent competitive advantage for mortgage market constituents.

The team at BlackBox is comprised of industry veterans that bring expertise and experience from across the structured finance market. BlackBox Logic is ready to provide you with the data, solutions, and analytics you need on a platform that extends beyond traditional loan-level data services. Headquartered in Denver, BlackBox Logic operates offices in New York and Bethesda, Md.