More detailed information sharing is a key component of reforming the housing finance industry, according to Ed DeMarco, the Federal Housing Finance Agency’s former acting director. Speaking at a National Association of Realtors housing forum on Wednesday, DeMarco pointed to the need to work on the standardization of data and said there should be an increased robustness of disclosure to investors if they are to bear mortgage credit risk. “They need to have more information than they have had in the past about the credit characteristics of underlying loans,” he said. DeMarco emphasized that continuing to develop an infrastructure that produces a security that has common data disclosures is important so investors have more confidence in...