Freddie Mac in August plans to begin providing monthly updates of the loan-level disclosures it has been providing for single-family mortgage participation certificates issued after Dec. 1, 2005.Freddie Mac began disclosing loan-level information at issuance for all of its newly issued single-family PC securities in December of last year. "With loan-level monthly updates, additional data will be available to assist investors in assessing the factors that may affect Freddie Mac mortgage security performance, which may enable investors to value the securities more precisely," the government-sponsored enterprise said. "The company is working with mortgage-securities data providers to accommodate the monthly loan-level updates and expects that the data providers will incorporate loan-level information into their securities analysis tools."
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
8h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
9h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
April 17 -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16