Bloomberg News

Fannie Mae Plans to Disclose Loan-Level Data for Mortgage Bonds

January 04, 2012

Jan. 4 (Bloomberg) -- Fannie Mae, the government-supported mortgage-finance company, will start offering loan-level data for its securities tied to single-family homes.

The disclosures will start this quarter and begin with newly issued bonds, the Washington-based company, which guarantees almost $2.7 trillion of mortgage-backed securities, said in a statement dated yesterday and posted on its website.

The company will follow competitor Mclean, Virginia-based Freddie Mac in offering data on the individual mortgages underlying its securities.

“Release dates for each phase” of the expansion of its disclosures “will be announced closer to their implementation date,” the company said.

--Editors: Shannon D. Harrington, Mitchell Martin

To contact the reporters on this story: Jody Shenn in New York at jshenn@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net.


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