Fannie Mae said Monday it has taken its first step in providing additional loan-level disclosures by releasing a series of at-issuance data.
The government-sponsored enterprise added the new disclosures so that “investors can better assess underlying collateral,” a Fannie spokesman told this publication.
The disclosures include credit score at origination, coupon rate and loan age, he said.
Fannie is providing the additional information through what the spokesman said is an improved version of the GSE's “PoolTalk” online application.
Laura Simmons, vice president, MBS disclosure policy and operations at Fannie, said in a press release that in subsequent releases Fannie expects to be able to provide additional data elements in the loan-level at issuance file as well as monthly updates to the loan-level data.
When asked more specifically what types of information might be added in the future and when the next round of additions might occur, the spokesman said Fannie would continue working with the Federal Housing Finance Agency to determine this.
Improved loan-level reporting on securitizations is one of the stated aims of the FHFA's recently released strategic plan for the GSEs.
