Freddie Aims to Be More Competitive by Providing Monthly Loan Level Updates on Single-Family Mortgage PC Securities
July 7, 2006
In a bid to expand its capabilities and competitiveness in the marketplace – and perhaps regain market share from rival Fannie Mae – Freddie Mac plans to provide monthly loan-level updates on its single-family mortgage PC securities issued in 2006, beginning in August. The decision “illustrates our continued commitment to providing the market transparent disclosures on our mortgage-backed securities,” said Phil Guth, Freddie’s vice president for mortgage securitization. Freddie says the updates will give…