Fannie Mae is providing loan-level performance data on 18 million loans to get private investors interested in buying into several risk-sharing transactions this year.
The GSE regulator has directed both Fannie Mae and Freddie Mac to complete $30 billion in single-family
“Transparency is a key component to encouraging private capital to re-enter the housing market. Our goal is to enable better modeling and understanding of the credit performance of Fannie Mae loans,” said Fannie executive vice president Andrew Bon Salle.
The loan level data cover 30-year, full-amortizing, full-documentation loans originated from January 2000 through March 2012. Freddie released loan-level performance data on its loans in March.
“By increasing transparency in loan level performance of single-family loans, these releases pave the way for Freddie Mac and Fannie Mae to pursue risk-sharing transactions,” the Federal Housing Finance Agency said.
The GSE regulator has also directed Fannie and Freddie to develop common standards and align their legal/contractual documents to facilitate risk-sharing transactions.
