Ginnie Mae Says It is Cautiously Moving Towards Loan-Level MBS Disclosures But Provides No Details
November 11, 2011
Ginnie Mae reiterated its desire to enhance its MBS disclosures by moving towards a Freddie Mac disclosure model, but officials are not providing specifics or a timeline. During a telephone press briefing on the agencys fiscal year 2011 results this week, Ginnie Mae President Ted Tozer said the plan to move toward loan-level disclosures is still in play and investors are being consulted regularly on the kind of disclosures they would like to get. We want to make sure we are doing it in a controlled, prescriptive manner and we want the information that we provide to be superior and consistent, he said. We are also...