Fannie Mae Issues Third-Party-Origination Statistics for Its MBS
WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today announced that it will provide third-party-origination (TPO) statistics at the pool level for substantially all of its Single-Family mortgage-backed securities (MBS) beginning with September 2007 issuances. By year-end, the company will expand the at-issuance TPO statistics to include all Single-Family MBS and will provide the same information for on-going disclosure.
The company said that for each new issue MBS it will provide the unpaid principal balance percentage (UPB) of the underlying collateral originated by a third party as well as a table specifying the number of loans, percent of UPB, and aggregated UPB originated as retail, broker and correspondent lender. This new information will be provided in the at-issuance disclosure in the prospectus supplement.
"We are pleased to make this announcement today because it underscores Fannie Mae's commitment to providing MBS investors and others with additional information, in particular TPO, that might be useful in evaluating their investments," said Maria Schultz, vice president, MBS Program Office.
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