CRT-Eligible Profile Summary
Pandemic-Related Hardships Resolving
Refi wave and strong housing market enabled a significant portion of COVID-affected borrowers to prepay
CAS and CIRT Active
Loans as of Feb-2020
100%
Entered Forbearance
10% of Feb-20 loans
Did Not Enter
Forbearance
90% of Feb-20 loans
Entered Forbearance
Became Delinquent
82% (8% of Feb-20 loans)
Did Not Become
Delinquent
18% (2% of Feb-20 loans)
Became Delinquent
Prepay
49% (4% of Feb-20 loans)
Current (Self-Cure)
11% (1% of Feb-20 loans)
Repay Plan
0% (0% of Feb-20 loans)
Payment Deferral
29% (2% of Feb-20 loans)
Trial/Perm Mod
8% (1% of Feb-20 loans)
Active Forbearance
1% (0% of Feb-20 loans)
Delinquent - No Workout
1% (0% of Feb-20 loans)
Other ZB Event
2% (0% of Feb-20 loans)
Prepay
67% (1% of Feb-20 loans)
Source: Fannie Mae. Shows CAS and CIRT combined performance through
Aug 31, 2023. Outcomes only shown for loans active as of Feb 29, 2020.
Excludes cancelled CIRT deals, fixed severity CAS deals, and HARP/lender
recourse deals. Note: Percentages calculated using loan count
42
© 2024 Fannie Mae
Did Not Become
Delinquent
Current
32% (1% of Feb-20 loans)
Other
1% (0% of Feb-20 loans)View entire presentation