Thu Jul 29, 2004

NEW YORK, July 29 (Reuters) - Fannie Mae (FNM.N: Quote, Profile, Research) said on Thursday it will offer monthly data on its "Mega" mortgage-backed securities, as a part of its effort to increase disclosure on its securities.

Beginning in August, the No. 1 U.S. mortgage finance company will include pool data for its Mega securities issued on or after May 1, 1996 on its monthly supplemental file.

The additional Mega data will include loan-to-value ratio, loan purpose, credit score, occupancy type, property type and identity of loan servicers, Fannie Mae said in a statement.

Fannie Mae's Mega securities are bonds whose underlying collateral are groups of existing Fannie Mae MBS, other Fannie Mae-backed Megas or Ginnie Mae securities.

Mega securities enable investors to assemble pieces of similar, existing MBS to form a larger security with its own unique characteristics.

Fannie Mae said it will also provide a new file for MBS pools with initial interest only periods.

The new MBS information will be posted on the Pool Data Direct and PoolTalk sections of its Web site: http://www.fanniemae.com

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