The FINANCIAL -- Freddie Mac on December 8 announced the addition of all fixed-rate single-family mortgages to its Single-Family Loan-Level Dataset that now includes 21.5 million mortgage loans originated through December 31, 2014.
The publicly available dataset previously only included loan-level and actual loss data on 30-year fixed-rate single-family mortgage loans, according to Freddie Mac.
By providing transparency on a wider spectrum of Freddie Mac owned and guaranteed mortgages, the expanded dataset will help investors build more accurate credit performance models in support of the company's Single-Family credit risk offerings.
Attribute to Kevin Palmer, Freddie Mac senior vice president of credit risk transfer:
"Providing investors with this expanded view of credit risk for additional fixed-rate single-family mortgages will enable us to grow and evolve our credit risk offerings by expanding the products available for risk transfer and increasing the amount of risk transferred to private investors. Releasing this data now will help give potential credit investors sufficient time to analyze Freddie Mac's actual loss performance."
"Freddie Mac continues to look for opportunities to transfer mortgage credit risk to private investors in an economically sensible way. Adding all fixed-rate products to our Single-Family Loan-Level Dataset allows us to explore other credit risk transfer opportunities."
The expanded dataset contains approximately 3.3 million loan-level credit performance data on 15- and 20-year fixed-rate single-family mortgages originated between January 1, 2005, and December 31, 2014, plus approximately 18.2 million 30-year fixed-rate single-family mortgages originated between January 1, 1999, and December 31, 2014.
The expanded dataset discloses monthly loan performance data, including credit performance information up to and including property disposition through June 30, 2015.
The dataset does not include data on adjustable-rate mortgages, balloon mortgages, initial interest mortgages, government-insured mortgages, relief refinancing mortgages (including Home Affordable Refinance Program) and other affordable or non-standard mortgages.
The historical dataset first became available in March 2013.