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Abstract
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.
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US and Overseas: +1 646-931-9045
UK: 0207 139 1600