Connecticut Avenue Securities Investor Presentation
Credit Bureau Data: FICO Tail Progression
Tri-Merge at Orig
Equifax at Aqsn
Equifax at Issue
CAS 2018-C05 Group 1
743
740
743
% <620
0.00%
1.48%
1.60%
% <660
6.02%
7.02%
6.72%
CAS 2018-C06 Group 1
741
740
741
% <620
0.00%
1.44%
1.61%
% <660
6.77%
7.17%
7.07%
CAS 2018-C06 Group 2
743
735
733
% <620
0.00%
1.22%
2.12%
% <660
3.86%
6.81%
8.36%
CAS 2018-R07 Group 1
742
739.5
740
% <620
0.00%
1.54%
1.72%
% <660
6.88%
7.50%
7.63%
CAS 2019-R01 Group 2
743
735
732
% <620
0.00%
1.27%
2.45%
% <660
3.90%
6.77%
8.89%
CAS 2019-R02 Group 1
745
741
742
% <620
0.00%
1.36%
1.84%
% <660
5.94%
6.65%
7.19%
CAS 2019-R03 Group 1
743
740
% <620
0.00%
1.52%
741
1.85%
% <660
6.52%
7.33%
7.72%
CAS 2019-R04 Group 2
742
733
730
% <620
0.00%
1.37%
2.94%
% <660
4.14%
7.31%
9.80%
CAS 2019-R05 Group 1
741
739
740
% <620
0.00%
1.60%
1.87%
% <660
6.52%
7.73%
7.65%
CAS 2019-R06 Group 2
742
733
732
% <620
0.00%
1.26%
2.00%
% <660
3.69%
6.76%
8.17%
CAS 2019-R07 Group 1
747
744
745
% <620
0.00%
1.16%
1.39%
% <660
4.75%
5.65%
5.93%
CAS 2020-R01 Group 1
750
746
748
% <620
0.00%
0.96%
1.31%
% <660
3.78%
4.97%
5.27%
CAS 2020-R02 Group 2
743
735
734
% <620
0.00%
1.13%
1.83%
% <660
3.11%
6.22%
7.57%
82
O 2021 Fannie Mae.
At loan delivery, Fannie Mae requires the
following versions of the classic FICO score for
both DU and manually underwritten mortgage
loans:
Equifax BeaconⓇ 5.0
ExperianⓇ/Fair Isaac Risk Model V2SM
TransUnion FICO® Risk Score, Classic 04
The representative score is then calculated as
the median of these three scores for each
borrower, therefore the Current FICO fields in
CAS disclosures (Equifax) should not be directly
compared to the FICO as of the Origination Date
(Tri-Merge)
Fannie Mae provides updated Equifax-only FICO
scores on a monthly basis for all of our CAS
offerings so that investors can track the ongoing
borrower and co-borrower credit profiles
At deal issuance, Fannie Mae provides the
Equifax-only FICO score so that investors have a
benchmark against which to compare the
ongoing monthly Equifax scores
The Equifax At-Issuance FICO scores are
provided for informational purposes only, and
are not used to establish loan eligibility
■ For information on Equifax monthly
supplemental borrower and co-borrower credit
performance offerings, visit
www.Equifax.com/business/capital-markets or
email [email protected]View entire presentation