Ginnie Mae releases single-family MBS loan data
Action promotes greater transparency
Starting Dec. 13, Ginnie Mae will release monthly loan-level data for existing and active single-family mortgage-backed securities, the company announced in a press release Monday.
The first release will include both October and November disclosure information, and beginning in January, the file will be released on the 10th business day of the month for each month.
"The release of loan-level data for existing single-family MBS is an important step toward improving our transparency," said Ginnie Mae President Ted Tozer.
"Enhancing MBS disclosures assists Ginnie Mae in attracting global capital by meeting the needs of investors more effectively and enabling them to make better-informed investment decisions," Tozer added.
The data will include information on both new issuances and existing loans and pools, in addition to information regarding borrowers’ original credit scores, debt-to-income ratios and current delinquency status.