After surveying a bevy of industry associates, it became evident to the joint task force that an enhancement of pool-level disclosures is highly desirable for participants. Taking into consideration the feasibility of implementation and its usefulness, the team devised a list of suggested additional areas of disclosure. The catalog of new preferences includes purpose of loan, borrowers' standardized credit scores, servicer information, occupancy status and property type.

Referencing previous changes in disclosure standards, survey leaders conclude that such improvements have been received favorably by market participants, and have been implemented without causing undesirable changes in the markets' liquidity. "In the past, industry groups and other market participants have stepped forward to coordinate and implement additional disclosures in the MBS market," the report recounts. "The Task Force encourages a continuation of this approach at this time. If market forces are unable to reach consensus on disclosure enhancements, the agencies represented on the Task Force will need to consider what additional action might be appropriate."

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