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Multiclass Participants Memorandum (MPM)

MPM 13-03: Release of Loan-Level Information

Published Date: 8/1/2013

Ginnie Mae is pleased to announce that beginning this month it is making certain loan-level data for single-family mortgage-backed securities (MBS) and HECM mortgage-backed securities (HMBS) available through its normal data disclosure distributors.

Loan-level data provides investors with MBS information at the elementary level of the loans underlying the pools. This will result in data disclosures with greater specificity providing stakeholders additional information related to performance of Ginnie Mae MBS. Disclosure of loan- level data is a major milestone in Ginnie Mae’s continued effort to provide greater transparency of Ginnie Mae MBS.

The information will be available for new pool issuances (daily file) and monthly reporting (all active loans in Ginnie Mae pools). Release of the loan-level data will be phased-in, in accordance with the attached schedules.

Single-family forward MBS data will be released for all of the data fields outlined in the MBS Loan-Level Disclosure Layout, Version 1.3.

HMBS loan-level data will be released in two phases. The data elements to be disclosed in each phase are articulated in the HMBS Loan-Level Disclosure Layout, Version 1.6.

The single-family forward MBS and the HMBS loan-level disclosure file layouts, as well as test files and data dictionaries can be found on Ginnie Mae’s website at:

http://www.ginniemae.gov/doing_business_with_ginniemae/investor_resources/mbs_disclosure_data/Pages/test_file_download.aspx

If you have any questions about this change, please contact Ginnie Mae’s Investor Inquiry Desk at InvestorInquiries@hud.gov or 202-401-8970.

Online Library Link: MPM 13-03
Attachment(s):
MPM_13-03.pdf