What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.


FHFA releases final rule on Fannie, Freddie single security

GSEs will officially begin issuing the security on June 3

Following years of planning, the Federal Housing Finance Agency announced Thursday that the Uniform Mortgage-Backed Security is almost here.

The FHFA announced its final rule for the single mortgage-backed security that will be issued by both Fannie Mae and Freddie Mac.

The GSEs will officially begin issuing the single security, called the Uniform Mortgage-Backed Security, on June 3, 2019. The FHFA noted in its press release that the requirements in the final rule apply to the GSEs' current offerings of TBA-eligible MBS and to the new Uniform Mortgage-Backed Security. 

“This rule demonstrates FHFA's commitment to the success of the UMBS, which will promote liquidity and efficiency in the secondary mortgage market," said FHFA Acting Director Joseph Otting in a statement. 

The final rule (found here) will become effective 60 days after publication in the Federal Register

So, what is the single security? It’s been awhile since we’ve discussed this. Let’s recap:

The single security is a joint initiative from Fannie and Freddie to develop a single mortgage-backed security that will be issued by the GSEs to finance fixed-rate mortgage loans backed by one- to four-unit single-family properties.

The security will be issued through the Common Securitization Platform, which is a technology and operational platform that was developed by Common Securitization Solutions, the company formed in 2014 by Fannie and Freddie to facilitate the design and implementation of the single GSE bond.

As part of the first phase of the single security rollout, Freddie Mac began using the Common Securitization Platform back in 2016 for certain functions such as data acceptance, issuance support, and bond administration activities related to its current single-class, fixed-rate, mortgage-backed securities.

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