Connecticut Avenue Securities Investor Presentation
Group 1 (60.01-80.00 OLTV) - Historical
Acquisition Profile
60-80 LTV Historical FRM25-30 Loan Acquisition Profile
Orig year
Loan
Count
WA Note
% 2nd
%
Original UPB
Rate
WA FICO
WA DTI
WA OLTV WA OCLTV
Lien¹
Investor
% Refi²
% TPO³
% CA
1999
64,769
$8.5B
7.77%
713
34.4
75.9
76.0
0.7%
4.0%
35.6%
52.0%
15.0%
WA Risk
Layers
0.71
2000
553,544
$76.5B
8.09%
715
35.2
76.1
76.5
2.7%
4.3%
30.0%
57.0%
16.2%
0.69
2001
1,375,223
$213.7B
6.96%
714
33.7
75.1
75.6
3.7%
4.6%
68.0%
55.9%
20.0%
0.84
2002
1,423,564
$232.4B
6.48%
717
33.9
74.6
75.3
5.0%
4.9%
70.6%
57.4%
19.9%
0.84
2003
1,832,743
$314.3B
5.74%
718
33.7
74.1
75.0
7.0%
4.7%
75.9%
58.7%
20.4%
0.83
2004
736,673
$129.7B
5.83%
715
36.6
74.9
76.8
14.9%
4.1%
57.9%
60.4%
16.4%
0.93
2005
718,429
$138.4B
5.83%
719
38.2
74.9
77.5
20.2%
4.0%
57.1%
63.0%
11.4%
1.00
2006
569,439
$115.5B
6.41%
719
39.3
75.3
78.0
21.5%
5.2%
53.9%
64.7%
9.5%
1.03
2007
651,559
$139.0B
6.33%
720
39.1
75.3
77.9
20.6%
6.8%
58.9%
67.6%
10.4%
1.05
2008
702,901
$159.3B
6.03%
742
38.2
75.1
76.6
12.3%
8.5%
58.0%
62.6%
18.5%
0.82
2009
1,104,879
$263.4B
4.99%
761
34.7
74.5
75.6
9.0%
3.8%
71.1%
51.0%
20.3%
0.55
2010
791,575
$195.7B
4.74%
763
33.1
74.9
76.0
9.5%
6.2%
59.9%
56.3%
27.8%
0.36
2011
638,631
$149.5B
4.58%
762
33.3
75.1
76.1
8.8%
9.1%
56.2%
58.5%
29.2%
0.37
2012
1,033,055
$253.9B
3.85%
765
31.9
74.6
75.6
8.8%
8.7%
65.5%
56.3%
29.3%
0.32
2013
865,971
$206.4B
4.05%
757
33.2
75.1
76.2
8.9%
10.5%
53.6%
49.4%
29.5%
0.39
2014
589,469
$136.9B
4.47%
747
34.6
75.9
76.9
8.6%
11.4%
41.9%
46.5%
27.8%
0.48
2015
752,586
$182.9B
4.13%
748
34.1
75.3
76.3
8.0%
10.6%
52.0%
42.1%
27.1%
0.49
2016
898,858
$227.0B
3.90%
750
34.0
74.9
75.7
5.7%
8.8%
54.5%
43.5%
25.8%
0.48
2017
788,577
$194.9B
4.32%
744
35.7
75.5
76.2
4.9%
10.6%
43.5%
47.9%
22.4%
0.62
2018
704,102
$176.1B
4.86%
743
37.6
75.7
76.2
3.6%
10.8%
38.8%
49.0%
19.1%
0.76
2019
860,010
$241.6B
4.22%
750
35.8
75.0
75.5
3.1%
7.4%
56.3%
53.7%
22.2%
0.66
2Q20
622,881
$186.6B
3.58%
757
34.2
74.2
74.6
3.2%
5.9%
74.6%
40.3%
22.0%
0.49
Only loans with LTV between 60-80 are included. Excludes loans with CLTV >97
Statistics weighted by origination UPB
1. Loans with CLTV more than 3% greater than LTV are assumed to have second liens.
2. Includes both Rate/Term and Cash-out Refinances.
3. Includes Broker and Correspondent originations.
4. Risk Layers defined as: Investor Property, Cash-out Refinance, DTI > 45 (rounded to the nearest integer) & FICO < 680
Source: Fannie Mae October 2020 Data Release
52
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