Treasury, OFHEO and SEC Release Joint Report on Mortgage-Backed Securities Markets

February 3, 2003

Washington, D.C., — .The Department of the Treasury, the Office of Federal Housing Enterprise Oversight (OFHEO) and the Securities and Exchange Commission (SEC) today released a joint staff report [pdf] on disclosure practices in the mortgageƐbacked securities (MBS) markets.

The purpose of the report was to evaluate current disclosure practices and consider whether disclosure enhancements are desirable in assisting investors to make informed investment decisions.

The report finds that additional disclosures in the MBS markets are desirable, feasible and would be useful for investors. To implement additional disclosures, the report encourages market participants to work together to reach a consensus on appropriate enhancements. The Treasury Department, OFHEO, and the SEC will continue to monitor and assess disclosure developments in the MBS markets.

Source: Treasury Department


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. At ALTA SPRINGBOARD, we vow to give you a forum for fresh thinking and new insights, and help accelerate your career and differentiate your business from the pack.