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GSE MBS Investors To Get Loan-Level Data

Investors in mortgage-backed securities issued by Fannie Mae and Freddie Mac will begin receiving loan-level data on the bonds, reports Housing Wire.

Investors in mortgage-backed securities issued by Fannie Mae and Freddie Mac will begin receiving loan-level data on the bonds, according to Edward DeMarco, acting director of the Federal Housing Finance Agency. Testifying before a House subcommittee, DeMarco noted that by law the government-sponsored enterprises are exempt from disclosing such data but the lenders will do so to enhance transparency for investors.

Click here to read the story from Housing Wire.

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