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Ginnie Mae to Release Loan-Level Data

NationalMortgageProfessional.com
Aug 01, 2013

Ginnie Mae announced that beginning Aug. 2,  it will release loan-level data for newly issued single-family mortgage-backed securities (MBS). This file will be released on a daily basis. The loan-level disclosure file will contain 36 data elements including information regarding borrowers’ debt-to-income (DTI) ratios and credit scores. “We are committed to increasing the transparency of the mortgage loans backing Ginnie Mae securities. Improving our securities disclosures helps us attract global capital,” said Ginnie Mae President Ted Tozer. “It also ensures alignment with industry best practices and allows us to more effectively meet the needs of our investors so that they can make informed investment decisions.” Ginnie Mae anticipates adding to its loan-level disclosure by releasing a monthly disclosure file for all existing, active single-family MBS by year end. Together, the daily and monthly files will provide a comprehensive set of data on the loans backing Ginnie Mae securities.
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