Freddie Mac announced this week that all data from all fixed-rate single family mortgages would be added to its Single-Family Loan-Level Dataset that now includes 21.5 million mortgage loans originated through the end of 2014. Previously, their publicly available dataset only included loan-level and actual loss data on 30-year fixed-rate single-family mortgage loans. 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.
In their media release Freddie Mac said that providing more transparency with their owned and guaranteed mortgages will help build and improve more accurate credit performance models.
“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,” said Kevin Palmer, Freddie Mac senior vice president of credit risk transfer.