MBS Disclosure Enhancement: Alternative Delinquency Resolution

Fannie Mae, in conjunction with Freddie Mac, is introducing a series of loan-level and pool-level disclosure enhancements that will inform investors when a mortgaged loan is subject to an alternative delinquency resolution, such as a payment deferral program. Changes apply to all active loans.

Beginning with the December 4 monthly securities disclosures, we will include the following additions:

• Loan-Level Enhancements: Three new disclosure attributes for the Fannie Mae Single-Family MBS Monthly Loan Level File:
  • Alternative Delinquency Resolution (L108)
    • P = Payment Deferral
    • C = COVID-19 Payment Deferral
    • D = Disaster Payment Deferral
    • O = Other
    • 7 = Not Applicable
    • 9 = Not Available
  • Number of Alternative Delinquency Resolutions (L109)
  • Total Deferral Amount (L110)
     

• Security Supplemental Enhancements: Two new pool-level stratifications to include the unpaid principal balance (UPB) and percent of UPB, number of loans, percent of loans, and total deferral amount of the mortgages underlying each securities pool:
  • Alternative Delinquency Resolution (record type 46)
    • P = Payment Deferral
    • C = COVID-19 Payment Deferral
    • D = Disaster Payment Deferral
    • M = Multiple (If loan-level value of Number of Alternative Delinquency Resolutions is greater than 1, the record will be represented in this enumeration)
    • O = Other
    • 7 = Not Applicable
    • 9 = Not Available
  • Number of Alternative Delinquency Resolutions (record type 47)

For the following issuance files, no new data will be populated; however, delimiters will be added to keep alignment consistent with the monthly files described above.

• Fannie Mae Single-Family MBS Intraday Loan Level Files, effective November 16, 2020
• Fannie Mae Single-Family MBS Month-end Loan Level File, effective December 1, 2020

The file formats and definitions for the above listed attributes are available in the Single-Family MBS Disclosures Guide in the applicable loan level and security supplemental sections. Sample files are available here.

For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.