Ginnie Mae Now Releasing Loan-Level Data Monthly

Ginnie Mae is now releasing loan-level data for existing, active single-family mortgage-backed securities (MBS) on a monthly basis.

The first release of monthly data, issued Dec. 13, combines files for October and November.

Beginning in January, loan data will be released on the 10th business day of each month.

‘The release of loan-level data for existing single-family MBS is an important step toward improving our transparency,’ says Ted Tozer, president of Ginnie Mae, in a release. ‘Enhancing MBS disclosures assists Ginnie Mae in attracting global capital by meeting the needs of investors more effectively and enabling them to make better-informed investment decisions.’

The loan data will include all active loans in single-family pools and will be disclosed in separate Ginnie Mae I and Ginnie Mae II data files. Each will include information regarding borrowers' debt-to-income ratios, delinquencies and credit scores.

The monthly files will augment the daily files that Ginnie Mae started producing in August. To ensure borrower privacy, the firm will truncate the Original Principal Balance and Unpaid Principal Balance (UPB) at Issuance fields to the thousandths place. In addition, it will redact the actual UPB for the first six months based on the Pool Issue Date. (The actual UPB will begin to be disclosed in the seventh month). What's more, it will mask the Metropolitan Statistical Area field so that it is blank for all loans.

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