Fannie Mae to Enhance Single-Family Loan Performance Loan-Level Credit Performance Data

Update: Latest quarterly dataset and associated documents were released on December 10, 2013

Fannie Mae will be making enhancements to its Single-Family Loan Performance Credit Dataset in its next quarterly update which is scheduled for release between December 10 and December 20, 2013.  These enhancements will result in changes to the loan performance file layout (PDF), sample acquisitions file (TXT), sample performance file (TXT), and glossary (PDF).

The updated disclosures will include enhancements to the loan purpose data element as well as a new indicator for repurchases. The loan purpose data element within the acquisition file will be enhanced with additional allowable values, which include Cash-Out Refinance, No Cash-Out Refinance, Refinance-Not Specified, and Purchase. A repurchase indicator field will be added to the performance file to indicate if a loan is repurchased after a credit event of 180 days delinquency (D180). Both of these changes will be applied retroactively to the entire historical data population. As such, to reflect these new enhancements for all acquisition and performance data, users will need to download each file from the year 2000 and forward.

Fannie Mae provides this data to help investors model the credit performance of loans owned or guaranteed by Fannie Mae as the company works with the Federal Housing Finance Agency (FHFA) to further develop its credit risk sharing program.

Page originally published November 20, 2013