Ginnie Mae Improves MBS Data Disclosure

Ginnie Mae, the leading branch of public mortgage financing, today announced the implementation of a new environmental, social and governance (ESG) stratification record in the Single Family Supplementary File which is part of the data from Ginnie Mae disclosure To download page.

According to a press release from Ginnie Mae, the goal is to provide investors in Ginnie Mae Mortgage Backed Securities with information that supports their sustainable investment decisions and solutions. Douglas Robinson, representative of the Department of Housing and Urban Development (HUD), writes that the goal is to provide investors in mortgage-backed securities in Ginnie Mae with information that supports their sustainable investment decisions and solutions.

The ESG brief will provide aggregated pool-level information on the extent of loans and principal outstanding balance (UPB) dollars that are in low and moderate income areas, Robinson reports.

The low and moderate income areas used in the formulation of this new disclosure package are defined by the Department of Housing and Urban Development (HUD). As part of the HUD Community Development Block Grants program, HUD demarcates geographic areas designated as low and moderate income areas. The new disclosure aggregates at the pool level the number of loans,% of loans, UPB dollars,% UPB dollars in low and moderate income areas applicable to the pool.

Any reader with questions regarding this recent announcement should send an email to Investorinquiries@hud.gov. These requests will be processed within 2 working days.

Ginnie Mae began publishing monthly data on the level of lending for existing and active single-family mortgage-backed securities (MBS) in 2013.

“The release of loan level data for existing single-family MBSs is an important step in improving our transparency,” Ginnie Mae Chairman Ted Tozer said at the time. “Improved MBS disclosures are helping Ginnie Mae attract global capital by more effectively meeting the needs of investors and enabling them to make more informed investment decisions.

The company has since continued to improve its MBS data disclosure system.

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