Washington, D.C. – Ginnie Mae announced today that beginning Friday, August 02, 2013, it will release loan-level data for newly issued single-family 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 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.
The single-family MBS loan-level data files will be posted on Ginnie Mae’s website under Doing Business with Ginnie Mae – Investor Resources – Ginnie Mae MBS Disclosure Data – Disclosure Data Download.
Ginnie Mae raises capital from investors in the global credit markets to ensure liquidity for affordable rental and homeownership opportunities across the country. Through its MBS, Ginnie Mae finances housing mortgage insurance programs run by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Office of Public and Indian Housing (PIH), and the Department of Agriculture’s Rural Development Housing and Community Facilities Program (RD).