Author(s): Xiangdong Chen, Andrew Davenport, Sherman Davis, Caroline Hopkins, Charles Hu, Xun Liu, Alexandra Marr, Yan Sussman, Andrew Varrieur, Bojun Yan, and Xiaoming Zhou
For Further Information Contact:
Charles Hu, Supervisory Financial Analyst, Office of Capital Policy, (202) 649-3167, xiaoqiang.hu@fhfa.gov;
Sherman Davis, Principal Financial Analyst, Office of Capital Policy, (202) 649-3502, sherman.davis@fhfa.gov.
Release Notes:
This white paper incorporates the following major enhancements and updates reflected in the third version of the Single-family FHFA Mortgage Analytics Platform (FMAP v3.0) since version 2.0 of FMAP was released in May 2020:
- Redesigns and re-estimates loan behavioral equations.
- Develops and implements a proprietary loss severity model.
- Uses expanded and more representative loan performance data and more granular level economic data to estimate mortgage performance.
- Estimates the behavioral equations via an iterative, out-of-sample, model building process.