Articles Tagged with ''Common Securitization Platform''

David Applegate to step down as CEO of Common Securitization Solutions

News follows the June launch of Uniform Mortgage-Backed Security
In 2013, Freddie Mac and Fannie Mae established Common Securitization Solutions to design and implement the single GSE bond through the Common Securitization Platform. David Applegate was appointed CEO at the jointly owned company’s launch. But on Thursday, Fannie and Freddie announced that he is stepping down. 
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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 that the Uniform Mortgage-Backed Security is almost here. The FHFA issued its final rule for the single mortgage-backed security that will be issued by both Fannie Mae and Freddie Mac.
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FHFA officially sets date for Fannie, Freddie single security

Uniform Mortgage-Backed Security coming on June 3, 2019
After years of work and planning, the development of a single mortgage-backed security that will be issued by both Fannie Mae and Freddie Mac is nearly complete. The FHFA announced Wednesday that the government-sponsored enterprises will officially begin issuing the single security, called the Uniform Mortgage-Backed Security, on June 3, 2019.
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FHFA: Fannie, Freddie single security needs another year to finish

Phase 2 of common security implementation pushed from 2018
Citing the need for additional time for testing and development to ensure a "smooth transition," the Federal Housing Finance Agency announced Thursday that the implementation of the single security, the joint initiative from Fannie Mae and Freddie Mac to develop a single mortgage-backed security that will be issued by the government-sponsored enterprises, is being delayed until the second quarter of 2019.
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Freddie Mac takes next step to single securitization

Implements Release 1
Freddie Mac just implemented the next step of the single securitization process. Freddie Mac is now using CSP for data acceptance, issuance support and bond administration activities released to current single-class, fixed-rate, mortgage backed securities. The timeline for the implementation for Release 2 is still to come.
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FHFA: Fannie, Freddie single securitization coming in 2018?

Everyone, there is a full year left, so start getting ready now
The Federal Housing Finance Agency announced Thursday that it is making progress on the implementation of the single security to be issued by both Fannie Mae and Freddie Mac, and, for the first time, provided a look at just when the common security will become a reality. So, when is the single security coming? Click through to find out.
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FHFA: Freddie Mac will be first to use Common Securitization Platform

Announcement of timeline for single-security implementation potentially coming in 2016
The Federal Housing Finance Agency said Tuesday that the complicated process of developing a single security to be issued by both Fannie Mae and Freddie Mac is progressing well and, for the first time, provided a detailed look at the project’s timeline for implementation. Click here to learn more about the future of securitization.
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FHFA, Fannie, Freddie say single securitization still years away

Secondary market gets much-awaited update
Despite being asked pointedly during the “Update on the GSE Single Security and Common Securitization Platform” panel at the Mortgage Bankers Association’s National Secondary Market Conference, representatives from the Federal Housing Finance Agency, Fannie Mae, Freddie Mac, and Common Securitization Solutions all said that the development of single security is still years way from implementation, without specifying just how many years that might be.
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Wells Fargo’s 7 housing predictions for 2015

What do the next 12 months hold for lending and securitizations?
According to analysts from Wells Fargo, 2015 is going to be a year of change for housing, but the changes won’t be as seismic as you might think. Here are Wells Fargo’s seven predictions for housing in the next year.
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