PT - JOURNAL ARTICLE AU - Laurie S. Goodman AU - Brian Landy AU - Roger Ashworth AU - Lidan Yang TI - A Look at Freddie Mac’s Loan-Level Credit Performance Data AID - 10.3905/jsf.2014.19.4.052 DP - 2014 Jan 31 TA - The Journal of Structured Finance PG - 52--61 VI - 19 IP - 4 4099 - https://pm-research.com/content/19/4/52.short 4100 - https://pm-research.com/content/19/4/52.full AB - In March 2013 Freddie Mac released loan-level credit performance data on 15.7 million fully documented, amortizing 30-year fixed-rate mortgages purchased over the last 13 years. This is the first time loan level agency data has been provided; it is part of the broader effort to promote risk-sharing initiatives with the private market. In this article, we take a first look through the data, highlight the importance of FICO and LTV, and discuss the implications for risk sharing and guarantee fees going forward.TOPICS: MBS and residential mortgage loans, legal/regulatory/public policy