Fannie to Disclose More MBS Data

Fannie Mae has announced that it will begin disclosing additional information in August about its pools of mortgage-backed securities.The company said it will now disclose data for Mega pools and for MBS pools with initial interest-only periods. (The data will be available on Pool Data Direct and on PoolTalk.) Mega pools are single-class MBS consisting of pass-through certificates backed by previously pooled Fannie Mae MBS with similar characteristics, or by other pooled Megas with similar characteristics. For Mega pools issued on or after May 1, 1996, Fannie Mae said it will begin disclosing (in quartiles) the loan-to-value ratios and credit scores. Tabular information will be provided for loan purpose, occupancy type, and property type, and servicer names will be disclosed. For pools with initial IO periods, Fannie Mae said it will provide the weighted average months to scheduled principal amortization, the distribution of loans, and the percentage of pool unpaid principal balance. Fannie Mae can be found online at http://www.fanniemae.com.