FINRA Announces Increased Transparency in Mortgage-Backed Securities Market through TRACE

Using the Trade Reporting and Compliance Engine ("TRACE"), FINRA will begin to disseminate information for so-called specified pool transactions in agency pass-through MBS issued by Fannie Mae, Freddie Mac, and Ginnie Mae, as well as in securities backed by loans guaranteed by the Small Business Administration ("SBA").

TRACE will disseminate transactional information such as the time of the trade, price, and volume. Furthermore, FINRA has also made information available on historic transactions in agency pass-through MBS and SBA-Backed asset-backed securities ("ABS") traded in specified pool transactions and SBA-Backed ABS traded to be announced.

See: FINRA News Release; FINRA Regulatory Notice 13-24.