12 Naturally, disclosure
requirements for market - makers will have to strike a
balance between improving market transparency and mitigating the risk that market participants can trade against market - makers based on the disclosed information (eg by disseminating sufficiently
aggregate data and at suitable reporting lags).
To enhance its ability to manage risk in the HMBS program, Ginnie Mae is making the following changes: ► Increased net worth
requirements for HMBS program participants to $ 5 million plus one percent of the
aggregate amount of the outstanding remaining principal
balance and any commitment authority available to issue securities.