Beginning August 2, ""Ginnie Mae"":http://www.ginniemae.gov/pages/default.aspx will release loan-level data for newly issued single-family mortgage-backed securities (MBS), the company announced.
[IMAGE] [COLUMN_BREAK]The loan-level disclosure file will contain 36 data elements, including information regarding borrowers' debt-to-income ratios and credit scores. Data will be released on a daily basis.
""We are committed to increasing the transparency of the mortgage loans backing Ginnie Mae securities. Improving our securities disclosures helps us attract global capital,"" said Ginnie Mae president Ted Tozer. ""It also ensures alignment with industry best practices and allows us to more effectively meet the needs of our investors so that they can make informed investment decisions.""
The company anticipates adding to its loan level disclosure by releasing a monthly disclosure file for all existing, active single-family MBS by the end of the year.