RT Journal Article
SR Electronic
T1 A Look at Freddie Mac’s Loan-Level Credit Performance Data
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 52
OP 61
DO 10.3905/jsf.2014.19.4.052
VO 19
IS 4
A1 Laurie S. Goodman
A1 Brian Landy
A1 Roger Ashworth
A1 Lidan Yang
YR 2014
UL https://pm-research.com/content/19/4/52.abstract
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