Fannie Mae and Freddie Mac to Align on New Single-Family Social Disclosures
In August 2022, Fannie Mae introduced a proposed methodology for single-family social disclosure that aims to provide investors with insights into socially oriented lending activities. Following supportive feedback from the market, Fannie Mae, in conjunction with Freddie Mac (the Enterprises), intends to begin publishing the pool-level Social Index disclosures for its Single-Family mortgage-backed securities (MBS). The attributes are at-issuance measures and will not be updated monthly.
The Enterprises will each post a one-time historical file to provide the Social Criteria Share (SCS) and Social Density Score (SDS) for all active and inactive MBS pools issued since January 2010. Fannie Mae intends to post its historical file in the fourth quarter of 2022 and to begin publishing the Social Index attributes for new issuances shortly thereafter.
Fannie Mae’s files will be made available in the Data Files and Reports section of PoolTalk®. Additional details including the final methodology and the file formats and definitions for these attributes will be available in the coming months.