News release: “In an effort to inform the current discussion on the future of the housing finance system, the Federal Housing Finance Agency (FHFA) released data on Fannie Mae and Freddie Mac (the Enterprises) that compare the credit quality and performance of the loans they acquired relative to loans financed with private-label mortgage-backed securities. Data on the Risk Characteristics and Performance of Single-Family Mortgages Originated from 2001-2008 and Financed in the Secondary Market documents the differences in single-family, conventional mortgages acquired by the Enterprises versus those financed through the issuance of private-label mortgage-backed and asset-backed securities (private-label MBS) during the recent mortgage lending and house price boom and the ensuing bust.”