Freddie: Disclosures Not a Privacy Issue

Freddie Mac has provided new details and formats for six new items it will disclose to investors in its mortgage participation certificates, and says the inclusion of borrower credit scores should not raise concern about privacy rights.A spokeswoman said the credit score disclosure will be made at the pool level. "The individual borrowers will not be identified," she said. Earlier, Ginnie Mae executives expressed concern that disclosing borrower credit scores could run afoul of recently enacted federal privacy laws. The other new disclosure items, all recommended by a federal task force, include original loan-to-value ratio, loan purpose, servicer identity, property type, and occupancy status. Freddie Mac can be found on the Web at http://www.freddiemac.com.