Freddie IDs Loan-Level MBS Disclosures

Freddie Mac has identified the loan-level variables it intends to disclose at issuance for single-family fixed-rate and adjustable-rate mortgage Participation Certificates.The company said it will begin providing the expanded disclosures in the fourth quarter and that updates to PC disclosures will continue to be available at the pool level for new and previously issued PC securities. Freddie Mac said it is working with data providers to accommodate the disclosures of several dozen loan-level variables, including credit score, loan age, loan purpose, net note rate, occupancy status, original loan-to-value ratio, property type, and servicer name. Freddie said it will make the disclosures available on its website, http://www.freddiemac.com/mbs, beginning in the fourth quarter.