Fannie Mae to Release Historical Data on Modified Loans
WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced plans to release historical data on a portion of the company’s loans modified due to delinquency. This data release provides the market with greater ability to analyze the performance of modified loans in support of the previously announced reperforming loans (RPLs) securitization program.
“The market for Agency RPL securities is relatively new, and we are providing this information so that the industry can get an in-depth view of the underlying loan performance,” said Bob Ives, Head of Retained Portfolio Asset Management, Fannie Mae. “This historical data release should allow for a greater understanding of these loans and enable better modeling which in turn should foster greater liquidity for these securities.”
This historical data release will be available in July, and will make data available on more than 700,000 loans that were modified between 2010 and 2015. The data will be available for download for at least six months.
Read more on the reperforming loan program and the historical data set release in our MBSenger, Securitizing Reperforming Loans into Agency Mortgage Backed Securities: A Program Primer.Fannie Mae enables people to buy, refinance, or rent homes.
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