Freddie Mac has set Dec. 1 as the date on which it will make new loan-level disclosures available for its newly issued single-family fixed- and adjustable-rate mortgage Participation Certificate securities.The government-sponsored enterprise added that "shortly thereafter" it plans to disclose "certain algorithms and business rules used to produce loan-level information for each pool in addition to those used to derive pool-level disclosures." Market participants will be able to download the new loan-level detail for each new PC online at http://www.freddiemac.com/mbs.
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Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
9h ago -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
10h ago -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
September 11 -
The current transaction has the largest collateral pool that the platform has issued all year, with 294 loans, and it has the highest percentage of conforming loans, at 45.1%.
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