MBS News and Announcements

Fannie Mae Provides Additional Multifamily Securities Disclosures

In August 2015, Fannie Mae will add three fields to the available disclosures for Multifamily MBS securities. These fields will be available in the Download All and Export files on the Multifamily Securities Locator Service.

New Data Fields and Definitions

 

Data Field

Data Definition

 

 

 

Loan Status

 

Indicates the current status of loans backing an MBS: Active or Terminated.


  • Active: A loan that has not been terminated.
  • Terminated: Occurs when a loan matures, is prepaid or is removed from the MBS pool.

 

 

Prepayment Premium Option*

 

Indicates either that (i) a mortgage loan requires payment of the specified type of Prepayment Premium (e.g., Yield Maintenance Premium - CMT, Yield Maintenance, Declining Premium, Fixed Prepayment Schedule, Fee Maintenance or Other) if a borrower voluntarily prepays the loan, or (ii) the loan is eligible to defease.

 

 

Additional Disclosure* Indicator

 

Indicates if the loan(s) and/or property(ies) underlying the MBS have terms and/or characteristics that are not disclosed in standard Fannie Mae Multifamily MBS disclosure documents.

 

 *These two fields will be populated for Multifamily MBS Securities issued after August 2015 and going forward.

For questions, please contact the Fannie Mae Fixed-Income Investor Helpline at 1-800-237-8627 or e-mail.

 

Originally published: 06/17/15