RiskSpan says its RS EDGE data analysis tool is now available for use to subscribers of Fannie Mae's and Freddie Mac's historical loan-level credit performance data.
The data released by the GSEs includes origination and monthly loan performance on over 30 million fully amortizing 30-year fixed-rate mortgages. This data will help RiskSpan clients and the broader investor community build credit models that enhance investment decisions on upcoming risk sharing transactions expected to be issued by Fannie Mae and Freddie Mac.
‘The release of loan level data on a representative population of mortgages acquired by the GSEs is a significant step in transparency for mortgage investors and will support the dissemination of credit risk in the private markets,’ says Pat Greene, vice president of RiskSpan. ‘Our customers asked for tools that quickly turn loan level data into information-based decisions.’
RS EDGE now enables subscribers of GSE loan-level data the ability to perform a wide range of analyses and will better position investors to participate in any future credit risk-sharing transactions. Analyses that can be performed on the data include measuring credit risk associated with agency backed loans, development of credit models based on loan level data, and development of default timing curves based on the historical data.