BlackBox Logic, LLC recently entered into agreements with several prominent academic institutions and faculty members to provide researchers with data on U.S. and international residential real estate and capital markets.
The Denver-based company's new academia clients include: 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, and faculty at the University of Pennsylvania's Wharton School.
BlackBox Logic provides loan-level data aggregation services and analytical reporting and software to residential mortgage and capital markets participants, including investors, brokers and dealers, and mortgage market researchers. The company has been focused on collecting data and providing analytics in the residential mortgage space for more than four years.
In addition, 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.""
Columbia Business School cited BlackBox Logic data in a report on strategic defaults. Researchers examined the effect of news about modification programs on delinquent homeowners' behavior. Their findings were covered here on DSNews.com
""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
According to Dr. Joseph Mason of Louisiana State University and the Wharton School, the ability to drill down from deal level to loan-level data provided by BlackBox facilitates not only real estate research, but also research on the links between loan performance, pool performance, and the value of mortgage-backed securities.