Investments

Freddie Mac publishes single-family loan-level data for all fixed-rate mortgages

Designed to assist investors in risk-sharing offerings

Freddie Mac announced Monday that it is making single-family loan-level data publicly available for all fixed-rate mortgages as part of an effort to provide investors with more information about its credit risk-sharing deals.

Previously, the publicly available dataset only included loan-level and actual loss data on 30-year fixed-rate single-family mortgage loans.

As of Monday, Freddie Mac’s Single-Family Loan-Level Dataset that now includes 21.5 million mortgage loans originated through Dec. 31, 2014.

"Providing investors with this expanded view of credit risk for additional fixed-rate single-family mortgages will enable us to grow and evolve our credit risk offerings by expanding the products available for risk transfer and increasing the amount of risk transferred to private investors,” Kevin Palmer, Freddie Mac senior vice president of credit risk transfer, said.

“Releasing this data now will help give potential credit investors sufficient time to analyze Freddie Mac's actual loss performance,” Palmer continued.

According to Freddie Mac, the expanded dataset contains approximately 3.3 million loan-level credit performance data on 15- and 20-year fixed-rate single-family mortgages originated between Jan. 1, 2005, and Dec. 31, 2014.

The expanded dataset also now includes approximately 18.2 million 30-year fixed-rate single-family mortgages originated between Jan. 1, 1999, and Dec. 31, 2014.

The expanded dataset discloses monthly loan performance data, including credit performance information up to and including property disposition through June 30, 2015, Freddie Mac said.

The dataset does not include data on adjustable-rate mortgages, balloon mortgages, initial interest mortgages, government-insured mortgages, relief refinancing mortgages (including Home Affordable Refinance Program) and other affordable or “non-standard mortgages,” Freddie Mac said.

"Freddie Mac continues to look for opportunities to transfer mortgage credit risk to private investors in an economically sensible way,” Palmer said. “Adding all fixed-rate products to our Single-Family Loan-Level Dataset allows us to explore other credit risk transfer opportunities."

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