Ginnie Mae will start to release additional disclosure information on a daily basis for new issues beginning in January. Aside from this, starting on the fourth business day in February 2004, Ginnie will also make these new disclosures available for all outstanding Ginnie Mae mortgage-backeds. These details follow on the announcement made by Ginnie Mae at an investors' symposium last March,
Stephen Ledbetter, acting vice president of the office of capital markets at Ginnie, said the enhancements on the Ginnie data were made using best practices as a benchmark. They believe that the additional new information Ginnie is providing will allow for fuller price discovery in the market for their securities, which would help in their goal to provide lower-cost financing to FHA and VA borrowers.