Ginnie Mae Plans to Beef Up MBS Disclosures, Although Major Changes Likely to Come Slowly
February 14, 2003
Ginnie Mae this week made it clear that it plans to follow Fannie Mae’s and Freddie Mac’s lead in substantially increasing the amount of information it discloses with its mortgage-backed securities. But because of bureaucratic obstacles and staffing constraints, the process is likely to take the better part of this year.