Mortgage Prepayment Reports

The provided document presents a detailed analysis of weighted average characteristics and three-month conditional prepayment rates (CPRs) for mortgage-backed securities, categorized by coupon year and agency (FNM and FRE). The weighted average data includes coupon percentages, maturity in months, loan age in months, and unpaid principal balance in billions of dollars. This section shows trends across different coupon rates (from 2.5% to 7%) and years (2020 to 2025), illustrating variations in loan terms and outstanding balances. For instance, lower coupon loans from earlier years tend to have higher unpaid principal balances. The CPR section provides monthly data (December, November, October) for both FNM and FRE, indicating the percentage of outstanding loan principal that was prepaid during that month. These rates vary significantly, with higher coupon rates generally corresponding to higher prepayment rates, particularly in more recent years. The data helps assess the performance and risk associated with these financial instruments, which is crucial for investors and government agencies involved in the secondary mortgage market. The document's purpose is to provide a comprehensive overview of mortgage pool characteristics and prepayment behaviors to inform financial analysis and risk management within federal government financing contexts.

The document presents detailed monthly data from January 2020 to January 2026, comparing Fannie Mae and Freddie Mac across various 30-year and 15-year TBA (To-Be-Announced) WAC-Coupon Spreads on New Issuance. Each section focuses on a specific WAC-Coupon Spread (e.g., 1.5, 2.0, 2.5, 3.0, 3.5, 4.0, 4.5, 5.0, 5.5, 6.0, 6.5, 7.0, 7.5, 8.0 for 30-year TBAs and 1.0, 1.5, 2.0 for 15-year TBAs). The data, represented numerically and graphically, illustrates trends and fluctuations in the spread between the Weighted Average Coupon (WAC) and the coupon rate for newly issued mortgage-backed securities from these government-sponsored enterprises. This information is critical for understanding the performance and pricing dynamics of mortgage-backed securities, which is relevant for federal financial oversight, housing market analysis, and potentially for RFPs related to financial services or housing programs.

This Request for Quotation (RFQ) for Mortgage Prepayment Reports (FHF-26-Q-0046) addresses questions and answers regarding the Federal Housing Finance Agency's (FHFA) requirements for these reports. Key aspects include the vendor's responsibility to independently identify and provide commercially available data sources, with actual data being required over modeled/estimated datasets. Reports must strictly match the format and precision of the Attachment D samples. While minor report changes are included in the fixed-firm-price (FFP), new report requests will be separately negotiated. Methodologies for calculations like CPR, quartiles, and cohorts should adhere to industry standards/UMBS Rule. The incumbent vendor is RiskSpan, Inc., under contract number 95314321P0013, with an estimated contract value of $300,000.00 for a base year plus four optional years. Reports and supporting data files (CSV/Excel preferred) will be publicly available, and the contractor is responsible for obtaining and maintaining data, exclusively based on Single-Family loan data.

This document outlines the terms and conditions for federal government contracts, particularly for the Federal Housing Finance Agency (FHFA). It details general terms, Federal Acquisition Regulation (FAR) provisions and clauses, and specific FHFA clauses. Key aspects covered include contractor compliance with anti-discrimination laws, reporting requirements, payment procedures, dispute resolution processes (distinct for FHFA), intellectual property indemnity, risk of loss, and termination conditions. It emphasizes the precedence of FHFA clauses over FAR clauses in case of conflict and addresses the use of Commercial Supplier Agreements. The document also specifies accessibility requirements for Information Communication Technology (ICT) and public relations guidelines. The FHFA is identified as a non-appropriated funded agency, not subject to the Contract Disputes Act of 1978, with its own dispute resolution process.

The Federal Housing Finance Agency (FHFA) has issued Request for Quote (RFQ) FHF-26-Q-0046 for Mortgage Prepayment Reports, a small business set-aside under NAICS code 541511. This solicitation follows FAR Part 12 and 13 procedures. Quotes are due by June 10, 2026, at 1:00 PM ET, and must be submitted electronically to Jennifer.Sellers@fhfa.gov. Quoters must be registered in SAM and submit a technical quotation (Volume I) demonstrating capability, approach, and Section 508 compliance, and a separate price quotation (Volume II) with completed pricing worksheets and license agreements. Volume I has a 20-page limit for the technical approach, while Volume II has no page limit. FHFA plans to award a one-year base contract with four one-year options, emphasizing that technical merit is more important than price, though price may become a deciding factor if technical proposals are equal.

The Federal Housing Finance Agency (FHFA) seeks contractor services to develop and deliver quarterly reports on mortgage prepayment performance and loan origination for mortgages guaranteed by Fannie Mae and Freddie Mac. These firm-fixed-price (FFP) reports, based on commercially available data, will be used internally by FHFA and may be shared with other government agencies or the public. The contractor must provide historical data in various categories, update reports quarterly in machine-readable format, and offer subject matter expert/technical support. The license agreement must permit FHFA to use the data for official government purposes, ensure accessibility for individuals with disabilities in accordance with Section 508 standards, and comply with federal laws. The contract includes a one-year base period and four one-year option periods, with work performed at the contractor's facilities.

The provided document,

The document presents a comprehensive comparison of 1-month Constant Prepayment Rate (CPR) data for 30-year 1.5%, 2%, and 2.5% coupon mortgages originated by Fannie Mae and Freddie Mac. The data is broken down by year (2016, 2019, 2020, 2021, 2022, 2023) and also provides 'All Years' averages, showing monthly CPR values extending from March 2020 to December 2025. The file includes detailed tables and corresponding graphs that visualize trends and comparisons between Fannie Mae and Freddie Mac across different coupon rates and years. This analysis highlights the prepayment behavior of these mortgage-backed securities, providing insights into market trends and the performance of loans from the two major government-sponsored enterprises.

This document presents a detailed comparison of 30-year fixed-rate mortgage prepayment speeds (3-month CPR) for Fannie Mae and Freddie Mac, across various coupon rates (1.5%, 2%, 2.5%, and 3%) and issuance years (2019-2023, plus

The provided document presents a detailed breakdown of mortgage loan characteristics across various interest rate tiers, distinguishing between Fannie Mae (FNM) and Freddie Mac (FRE) loans. It covers data points such as loan count, unpaid principal balance (UPB), percentage of production volume, weighted average (WA) note rate, WA loan age, WA FICO score, and WA loan-to-value (LTV). Additionally, the file specifies percentages of loans with FICO scores below 680 and above 740, LTV ratios exceeding 80%, combinations of low FICO and high LTV, debt-to-income (DTI) ratios above 40%, and loan purposes (purchase, rate/term refinance, cash-out refinance). It also includes occupancy types (owner-occupied, second home, investor). The data shows trends in loan attributes as interest rates increase, such as a decrease in FICO scores and an increase in LTV and DTI percentages for higher interest rate brackets. The document serves as a comprehensive statistical overview of mortgage loan performance and borrower profiles within different interest rate segments for both FNM and FRE portfolios.

This document presents a detailed comparison of prepayment speeds and loan attributes for 30-year fixed-rate mortgages, specifically 3-month Constant Prepayment Rate (CPR), issued by Fannie Mae (FNM) and Freddie Mac (FRE) across various interest rate cohorts (1.5%, 2.0%, 3.5%, 4.0%, 5.5%, and 6.0%). For each cohort, the data is broken down into four quartiles, showing the CPRs for Fannie Mae and Freddie Mac, along with the difference between them. Additionally, it provides weighted-average statistics for key loan attributes such as Weighted Average Loan Age (WALA), Weighted Average Coupon (WAC), Average Loan Size (ALS), and FICO scores for both entities within each quartile. The document highlights the varying prepayment speeds and attribute differences across different interest rate environments and performance quartiles. It also includes important disclaimers regarding the omission of pools with an age less than 3 months and specific coupon cohorts, the definition of qualifying cohorts, and the use of beginning-of-quarter balances for weighted-average statistics.