Freddie to Expand Disclosures

Freddie Mac plans to expand disclosures on its single-family mortgage articipation certificate securities by the end of the fourth quarter.The expanded disclosures would provide loan-level information at issuance for all newly issued fixed-rate and adjustable-rate mortgage PC securities, according to Freddie. Monthly updates to PC securities disclosures will continue to be available at the pool level for new and previously issued PC securities. Freddie Mac also plans to describe the corresponding algorithms that utilize the loan-level data to compute PC disclosure. The government-sponsored enterprise expects to announce in the near future the specific loan-level variables to be disclosed. Freddie Mac can be found on the Web at http://www.freddiemac.com.