Announcement

Implementation Date for DUS Disclose Enhancements – Multifamily REMICs and Factor Files

September 12, 2018

 

On November 1, 2018, Fannie Mae will implement enhancements to DUS Disclose®, including publishing separate Multifamily Factor Files and incorporating disclosure data for Multifamily REMICs in DUS Disclose.

Multifamily MBS and Mega Factor File  

Beginning with the MBS Stats file published on November 6, 2018, information on Multifamily securities will no longer be available on PoolTalk®. Multifamily security information will now be available on a separate Multifamily MBS and Mega Factor File published in DUS Disclose on a monthly basis.

Additionally, the Monthly Yield Maintenance Factor File will be retired. The prepayment factor and the prepayment allocation will be available in the Multifamily MBS and Mega Factor File.

A draft file layout is available for the Multifamily MBS and Mega Factor File  in the DUS Disclose Information Center.

Multifamily REMIC Disclosure

With this implementation, the Multifamily versions of the following reports will be on DUS Disclose and Multifamily data will no longer be available on the following fanniemae.com reports:

  • Monthly Deal Summary – formerly known as Recently Priced Transactions (REMICs)
  • Relay Files (REMICs)

Additionally, the Final Data Statement for Multifamily REMICs will no longer be published. Similar information can be found on the Exhibit A in the related Prospectus Supplement.

Multifamily REMIC data will no longer be included in these ongoing reports on fanniemae.com:

  • SIFMA Report
  • Monthly REMIC Class Factors
  • Monthly Remittance Report
  • Supplemental Factors
  • Monthly Floater Resets
  • Dissolved Securities

Historical files for those reports will remain available on fanniemae.com. Ongoing Multifamily REMIC data will be available in the Multifamily REMIC Factor File, REMIC Ongoing Supplemental File, and the REMIC Monthly Ongoing File available in DUS Disclose.

We have provided documents that show the content and layout of the enhanced DUS Disclose Files in the DUS Disclose Information Center. For a comprehensive list of file changes, please refer to the Multifamily Disclosure File Publication and Timing document in the DUS Disclose Information Center.

Multifamily REMIC Legal Documents

With these enhancements, we will release a new Multifamily REMIC Prospectus effective for Multifamily REMICs issued on or after November 1, 2018. REMIC transactions will continue to be accompanied by a Prospectus Supplement.

Web Demonstration Training

Fannie Mae will host a series of web-based demonstrations of the new DUS Disclose functionality ahead of the implementation date. To receive notification of these dates and an invitation to participate in one of the demonstrations, please register for Multifamily MBS News notifications here.  Registration will also provide notification of when the DUS Disclose Information Center is updated and when future enhancements to DUS Disclose are implemented.  If you are already registered to receive notifications, there is no need to sign up again.

We will continue to post updated reference materials on the DUS Disclose Information Center to further assist market participants in understanding the enhancements.

If you have questions about DUS Disclose or the upcoming enhancements, please contact Fannie Mae's Investor Help Line at 1-800-232-6643 or by email.