Fannie Mae to Update and Enhance Single-Family Loan Performance Data
Fannie Mae continues to enhance its Single-Family Loan Performance Dataset to provide greater transparency and ease of use for the market. The upcoming January 2016 Single-Family Loan Performance Data update will include acquisition data for Q4 2014 and performance data through Q3 2015. In addition, Fannie Mae will add two additional data fields to its existing dataset and increase the file download capacity for users.
The additional data elements will reflect the non-interest bearing and principal forgiveness1 portions of a modified loan’s unpaid principal balance and will be made available retroactively in each performance file. In order to provide users with assistance in processing this enhancement, Fannie Mae has updated the file layout and sample performance file, which reflect pending changes to the dataset. In addition, Fannie Mae has also provided an updated draft glossary containing definitions of the new data elements.
In order to capture this data enhancement, market participants should continue to download each performance file in the dataset. To further enhance the ease of use for the loan performance dataset, Fannie Mae has increased the user interface file download rate to 100 files per hour (from 60 files per hour).
Fannie Mae continuously evaluates its Single-Family Loan Performance Dataset in order to provide additional data fields for analysis and to enhance the ease of use for market participants. 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 programs.
For assistance with any questions, please contact the Fannie Mae Investor Help Line at 1-800-237-8627 or by e-mail.
1Fannie Mae does not currently use principal forgiveness as a loss mitigation option
Originally published: 12/10/15