Fannie Mae Bringing Granular Loan-Level Data To Private Investor Partners

Fannie Mae says it is now making loan-level credit performance data from over 18 million single-family mortgages available to investors, enabling them to model the credit performance of loans owned or guaranteed by Fannie Mae as the company works with the Federal Housing Finance Agency to develop risk-sharing transactions.

‘Our goal is to enable better modeling and understanding of the credit performance of Fannie Mae loans,’ says Fannie Mae's Andrew Bon Salle. ‘Bringing private capital in to share some credit risk will help lay the foundation for a stronger mortgage finance system for the future.’

The dataset that Fannie Mae is releasing includes credit performance information on 30-year, fully amortizing, full documentation, single-family, conventional fixed-rate mortgages. These mortgages were delivered to Fannie Mae between January 1, 2000, and March 31, 2012, and originated beginning in January 1999.

Credit performance data includes voluntary prepayments, repurchases and delinquencies of up to 180 days, the company explains. Activities that can occur up to the period at which a loan becomes 180 days delinquent – such as mortgage modifications, short sales, deeds-in-lieu of foreclosure, third-party sales and Fannie Mae's acquisition of real estate owned properties – will also be included.

All of this data, which will be updated quarterly, can be accessed through Fannie Mae's website.


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