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Investments / The Ticker

Freddie Mac makes loan-level credit performance data available

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Freddie Mac took a major step in setting the mortgage finance system up for private capital investment by making the GSE's loan-level credit performance data available.

The data will be made available on a portion of the fully amortizing 30-year fixed-rate single-family mortgages the company purchased over the past 13 years.

"We are releasing a tremendous amount of data that will take a while for credit investors to absorb and develop updated models," said Donna Corley, senior vice president of credit pricing, structuring and securitization at Freddie Mac.

She added, "As investors become familiar with Freddie Mac's single-family credit performance they will be in a better position to participate in any potential future credit risk-sharing transactions."

The dataset covers approximately 15.7 million fully amortizing fixed-rate single-family mortgages. The data represents approximately 53% of Freddie Mac’s total mortgage acquisitions.

The recent measure comes as part of a larger effort highlighted in the 2013 conservatorship scorecard announced by FHFA earlier this month.

"These data releases pave the way for Freddie Mac and Fannie Mae to pursue risk-sharing transactions to gradually contract their dominant presence in the marketplace, a key goal of the Strategic Plan for Enterprise Conservatorships," the FHFA said in a statement.


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