NCUA said today it will allow federally insured credit unions to examine portions of the reports the agency has commissioned on the portfolios of U.S. Central and Western Corporate Federal Credit Union.
The analytical reports, by Clayton IPS, show quarterly valuations and future loss projections for the two corporate credit unions' commercial and non-agency residential mortgage-backed securities. The reports will have some proprietary information redacted, according to NCUA Chairman Michael E. Fryzel, whose agency placed the corporates into conservatorship in March.
Those examining the report will have to sign non-disclosure agreements.
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