""Fannie Mae"":http://www.fanniemae.com/ made available loan-level credit performance data for over 18 million single-family mortgages.[IMAGE]
The release of the new data marks a step toward greater transparency. Through the data, investors can model the credit performance of Fannie Mae loans and analyze potential risk sharing transactions.
Currently, the GSEs are working with their regulator and conservator, the Federal Housing Finance Agency (FHFA), to develop potential risk sharing transactions to engage the private sector.
In a statement, FHFA applauded Fannie Mae's release, explaining it ""represents an important step toward returning private capital to the mortgage market.""[COLUMN_BREAK]
""By increasing transparency in loan-level credit performance of single-family mortgages, these releases pave the way for Freddie Mac and Fannie Mae to pursue risk-sharing transactions,"" FHFA added in a statement. ""These transactions, a key goal of the FHFA Strategic Plan for Enterprise Conservatorships, will allow Fannie Mae and Freddie Mac to gradually contract their dominant presence in the marketplace and help lay the foundation for the U.S. housing finance system of the future.""
In March, Freddie Mac ""announced"":http://dsnews.comarticles/freddie-mac-releases-single-family-loan-level-data-2013-03-21 the release of similar loan-level data.
The dataset only includes mortgages delivered to Fannie Mae from January 1, 2000 to March 31, 2012. In addition, credit performance data is only available for 30-year, fully amortizing, full documentation, single-family, conventional fixed-rate mortgages. Credit performance data includes voluntary prepayments, repurchases, and delinquencies of up to 180 days.
""Our goal is to enable better modeling and understanding of the credit performance of Fannie Mae loans. Bringing private capital in to share some credit risk will help lay the foundation for a stronger mortgage finance system for the future,"" explained Andrew Bon Salle, EVP of single-family underwriting, pricing, and capital markets at Fannie Mae.
The dataset is accessible through Fannie Mae's ""website."":http://www.fanniemae.com/portal/funding-the-market/data/loan-performance-data.html