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Financial Services Law Insights and Observations

Fannie Mae Advises Sellers Regarding SEC Disclosures

Fannie Mae

Lending

On February 21, Fannie Mae advised all sellers that on February 9, 2012 it had filed its initial report pursuant to a new SEC rule requiring public disclosure of information regarding asset-backed securities loan repurchase requests, including the identity of the originator. It will continue to disclose such information in quarterly reports to the SEC beginning in May 2012.