CRT-Eligible Profile Summary
CRT-Eligible Profile Summary
> 60-97 LTV Historical FRM30 Loan Acquisition Profile
Orig Year
Original UPB
WA Note Rate
WA FICO
WA DTI
WA OLTV
WA OCLTV % Purchase
% CA
WA Risk Layers¹
% Investor
% FICO <680
% Cash-out % DTI 46-502
1999-2004
$1,289.3B
6.50%
712
34.8
79.0
79.6
42%
17%
0.81
4.2%
28.1%
25.8%
22.7%
2005-2008
$694.7B
6.17%
723
39.2
78.4
80.2
48%
12%
0.94
5.9%
23.4%
32.3%
32.8%
2009-2013
$1,321.2B
4.41%
760
33.3
78.1
79.0
45%
24%
0.33
6.0%
3.7%
16.2%
7.6%
2014-2017
$1,191.1B
4.18%
746
34.9
81.8
82.3
65%
20%
0.36
6.4%
9.2%
15.0%
5.7%
2018-2021
$2,324.6B
3.58%
750
35.7
81.1
81.3
54%
18%
0.43
4.4%
6.5%
16.5%
15.9%
2022-2Q2023
$499.B
5.19%
748
38.1
83.1
83.2
81%
13%
0.50
6.1%
7.1%
13.9%
23.0%
Source: Fannie Mae October 2023 data release
CAS/CIRT Eligible Loan Issuance Profile
Issue Qtr
Original UPB
WA Note Rate
WA FICO
WA DTI
WA OLTV
WA OCLTV
% Purchase
% CA
WA Risk Layers
% Investor
% FICO < 680
% Cash-out
% DTI 46-50²
1Q 2020
$122.0B
3.92%
751
36.1
81.0
81.3
48%
20%
0.43
4.3%
5.1%
17.8%
15.8%
2Q 2020
$211.0B
3.51%
755
34.6
80.4
80.7
38%
18%
0.36
4.0%
4.0%
15.6%
12.4%
3Q 2020
$227.7B
3.22%
756
34.5
80.7
81.0
47%
18%
0.33
3.7%
4.2%
12.8%
11.9%
4Q 2020
$244.7B
2.99%
756
34.4
79.9
80.2
45%
19%
0.36
4.6%
4.6%
14.3%
12.0%
1Q 2021
$222.1B
2.90%
754
34.5
79.2
79.5
40%
20%
0.39
5.6%
5.2%
16.4%
12.2%
2Q 2021
$219.8B
3.09%
752
35.1
80.6
80.8
51%
18%
0.40
3.1%
6.2%
17.1%
13.8%
3Q 2021
$177.5B
3.14%
747
35.9
80.8
81.1
58%
18%
0.45
1.8%
8.1%
19.1%
16.4%
4Q 2021
$167.4B
3.17%
746
36.2
80.2
80.3
56%
16%
0.55
5.0%
8.5%
24.2%
17.4%
1Q 2022
$153.6B
3.44%
745
37.0
80.8
81.0
60%
17%
0.60
5.6%
8.7%
26.2%
19.3%
2Q 2022
$125.4B
4.48%
746
37.6
82.8
82.9
76%
13%
0.54
6.6%
8.2%
18.1%
21.3%
3Q 2022
$97.4B
5.45%
747
38.4
83.7
83.8
86%
12%
0.48
6.1%
7.5%
10.5%
24.4%
4Q 2022
$64.3B
5.98%
749
38.7
83.9
84.1
89%
11%
0.46
6.4%
6.0%
8.1%
25.7%
1Q 2023
$52.9B
6.37%
750
39.0
84.1
84.3
90%
13%
0.44
6.3%
5.2%
6.2%
26.6%
2Q 2023
$71.1B
6.36%
755
38.1
84.0
84.2
92%
11%
0.38
5.3%
4.7%
4.8%
22.9%
3Q 2023
$69.6B
6.67%
757
38.4
83.8
84.0
93%
11%
0.37
5.1%
4.2%
4.2%
23.9%
Source: Fannie Mae Issuance Data through September 2023.
Only loans with LTV between 60-97 are included. Excludes loans with CLTV>97. Statistics weighted by origination UPB.
1. Risk Layers defined as: Investor Property, DTI 46-50 (rounded to the nearest integer), FICO<680, & Cash-out Refinance
2. Rounded to the nearest integer
38
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