Investments

Fannie Mae, Equifax partner to provide risk-sharing investors with credit score data

Expands on previous disclosure offerings

Aiming to provide investors with more information into the borrowers whose borrowers back its risk-sharing deals, Fannie Mae announced an “expansion” of its relationship with Equifax that will provide additional credit score data to investors.

Beginning on May 25, Fannie Mae will begin offering monthly updated, anonymous, loan-level credit scores for all of its Connecticut Avenue Securities risk-sharing deals.

According to Fannie Mae, this information was previously available on only the more recent actual loss CAS risk-sharing deals, but this expansion makes the credit score data available on all CAS deals, dating back to the program’s first such deal in 2013.

“This additional information will give CAS investors the ability to better monitor their investments in the program, and greater clarity and details on the reference pools that back these securities,” said Laurel Davis, vice president of credit risk transfer, Fannie Mae.

“We’re pleased to provide investors with this enhanced transparency in a responsible way that also protects borrower’s personal information,” Davis added.

Fannie Mae said that it anticipates issuing its next CAS deal in July, and plans to issue more throughout the remainder of the year and beyond.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please