MCLEAN, VA--(Marketwired - Aug 17, 2017) - Freddie Mac (
"By helping underwater borrowers to refinance, the ERR program is intended to reduce credit losses and by retaining those loans in our original reference pools we preserve credit loss protection on them," said Michael Reynolds, vice president of credit risk transfer.
Credit Risk Transfer Vice President Gina Healy added, "We're committed to maintaining the most transparent CRT offerings in the market and the publication of a historical HARP dataset will expand the view into our credit risk on HARP loans to help investors plan ahead."
To help investors analyze and model for ERR in CRT reference pools, Freddie Mac has published historical HARP loan level data disclosures as a proxy. The HARP dataset will augment the existing Freddie Mac Single-Family Loan Level Dataset , which provides loan-level performance data on approximately 23.5 million fixed-rate, single-family mortgages originated between January 1, 1999, and June 30, 2016.
The HARP dataset can be accessed at http://www.freddiemac.com/research/datasets/s...taset.html .
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com , Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog .
MEDIA CONTACT: Lisa Gagnon 703-903-3385 Lisa_Gagnon@FreddieMac.com INVESTOR CONTACT: Michael Reynolds 571-382-4852
