Government Loan Characteristics

GSE Single-Family Mortgage Pool Characteristics

Breakdown of single-family mortgage pool characteristics for both Fannie Mae and Freddie Mac including volume by product type (FRM, ARM, IO), weighted averages (loan size, LTV, FICO) and purchase share (ARM, IO). The 2005-1Q14 data are yearly from 2005-2013 and quarterly from 1Q13-1Q14, and the 2007-3Q14 data are yearly from 2007-2013 and quarterly from 1Q14-3Q14..

2007-3Q14 Data

2005-1Q14 Data

Poll

What is it going to take to convince lenders to loosen the credit box (i.e., remove underwriting overlays)?

The recent rep and warranty changes announced by the Federal Housing Finance Agency should go a long way in protecting lenders from future buybacks and help expand mortgage credit.

17%

There won’t be any significant elimination of underwriting overlays until the government stops seeking huge mortgage-related penalties and settlements from lenders.

72%

There shouldn’t be any expansion of the mortgage credit box since looser underwriting is what caused the recent mortgage crisis.

11%

Housing Pulse