Scorecard: Expect NPL Sales Data, Credit Scoring Assessment in 2016
March 4, 2016
The Federal Housing Finance Agency released the 2015 Scorecard progress report for Fannie Mae and Freddie Mac on March 3. The agency detailed goals the GSEs met in 2015 and mentioned several initiatives for this year including the first public release of non-performing loan sales data in 2016. Because of the amount of time needed to transfer sold loans to a new servicer, evaluate borrowers for foreclosure prevention action and complete loan modification trial periods, the FHFA said it takes six to 12 months after the datew of an NPL sale to get any meaningful data. Once it has that data, it will begin to assess borrower outcomes of NPL sales going forward.