FREDDIE MAC - Freddie Mac

Data Source

Chapter 2	Exhibit 2: $400 Reduction in Closing Costs Increases Affordability of Homeownership Freddie Mac estimate based on Peter J. Fronczek and Howard A. Savage, “Who Can Afford to Buy a House in 1991?”, Current Housing Reports, U.S. Census Bureau, H121/93–3, July 1993, Tables 5–3 and 2–2, as well as Table 4–1 in American Housing Survey for the United States in 1991.
Chapter 3	Exhibit 4: Foreclosure Rates Are Lower for Borrowers with Higher Down Payments One-unit purchases by Freddie Mac from 1985 through 1989. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data. Exhibit 5: Foreclosure Rates Are Lower for Borrowers with Lower-Risk Credit-Bureau Scores One-unit newly originated mortgages (loans originated within one year of purchase) purchased by Freddie Mac in 1994. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data. Exhibit 6: Foreclosure Rates Are Lower for Borrowers with Lower Total-Debt-to-Income Ratios One-unit newly originated mortgages purchased by Freddie Mac in 1994. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data. Exhibit 7: Loan Prospector Accurately Predicts Foreclosure One-unit newly originated mortgages purchased by Freddie Mac in 1994. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data. Loan Prospector risk classifications are based on a review of previously originated loans using current Loan Prospector technology.
Chapter 4	Exhibit 8: Loan Prospector Predicts Foreclosure Across Racial and Ethnic Groups One-unit newly originated mortgages purchased by Freddie Mac in 1994. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data. Loan Prospector risk classifications are based on a review of previously originated loans using current Loan Prospector technology. Exhibit 9: Loan Prospector Predicts Foreclosure Across Income Groups One-unit newly originated mortgages purchased by Freddie Mac in 1994. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data. Loan Prospector risk classifications are based on a review of previously originated loans using current Loan Prospector technology.
Chapter 6	Exhibit 10: Lower-Risk Borrowers Show Little History of Repayment Difficulties or Overextension of Credit Sample of 25,000 FHA borrowers, whose loans were originated in June through September 1991, or March through June 1992. Credit file information was obtained from TRW’s May 1991 archive for the 1991 originations and from TRW’s March 1992 archive for the 1992 originations. Exhibit 11: Credit-Bureau Scores Predict Foreclosure Across Racial and Ethnic Groups One-unit newly originated mortgages purchased by Freddie Mac in 1994. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data. Exhibit 12: Credit-Bureau Scores Predict Foreclosure Across Income Groups One-unit newly originated mortgages purchased by Freddie Mac in 1994. Foreclosure measured through April 1996. Foreclosure rates are given relative to the average in these data.