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FANNIE MAE
ANNOUNCES
ENHANCED
DATASET FOR
SINGLE-FAMILY
LOANS
Fannie Mae is now providing an
enhanced single-family loan performance
dataset in order to offer greater transparency
in advance of the enterprise moving to an
actual loss framework for the Connecticut
Avenue Series (CAS) risk-sharing transac-
tions, according to an announcement from
Fannie Mae in July.
Features of the enhanced dataset include
information on credit performance up
to and including property disposition.
e credit information the new dataset
provides includes event dates, the costs
incurred by the credit event, and recovery
proceeds Fannie Mae receives. Fannie Mae
estimates it could move to the actual loss
framework for the CAS transactions as soon
as the fourth quarter this year.
"Proactively providing this research data
is an important step to prepare the market
for our move to an actual loss structure
for CAS deals later this year and supports
market participants in further modeling the
credit risk of Fannie Mae's Single-Family
book of business," said Laurel Davis, vice
president for credit risk transfer at Fannie
Mae. "We are providing access to this data
now in order to give the market sufficient
lead time to become comfortable with the
information. Our hope is that by allowing
broad access to the data, we can increase the
transparency and liquidity of our credit risk
offerings."
e information in the enhanced
dataset is provided to help investors better
understand the credit performance of loans
that Fannie Mae owns or guarantees as the
development of the enterprise's risk sharing
program continues.
Foreclosure starts declined by 4.5
percent month-over-month and
nearly 17 percent year-over-year
in July 2015 down to 75,400
properties, according to Black
Knight Financial Services.
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