Fannie Mae Update Regarding Single-Family Loan Performance Dataset

Periodically, Fannie Mae enters into certain agreements with sellers in which fulfilling the terms of the agreement requires the seller to repurchase loans for operational reasons. Fannie Mae’s Single-Family Loan Performance Dataset currently includes a subset of loans which have been subject to these agreements and thus, have been classified as repurchases at the time of fulfillment. These repurchases are operational in nature and are not repurchases due to quality control reasons.  In order to provide clarity regarding the number of loans for each acquisition vintage as of the January 2015 Single-Family Loan Performance Dataset release that were repurchased related to quality control efforts versus operational reasons, Fannie Mae has provided the following table:

Repurchase Type by Loan Count

Although loans subject to these agreements have been included in the Single-Family Loan Performance Dataset to date, they are not eligible for inclusion in Connecticut Avenue Securities deals.  To reflect quality control repurchases only and to be more consistent with the loans eligible for inclusion in Connecticut Avenue Securities, on a go forward basis, loans that are subject to these agreements will not be included in Fannie Mae’s Single-Family Loan Performance Dataset.

The table below provides detail on the total population of loans subject to these agreements that will be removed from the dataset with the next quarterly publication.

Summary of Loans Subject to be Removed from the Dataset

Data as of January 2015 Publication 

For questions, investors may contact the Fannie Mae Investor Helpline at 1-800-237-8627 or by e-mail.

Originally published: 03/13/15