Items Tagged with 'single securitization'

ARTICLES

  • 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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  • Cordray, Watt: Mortgage industry matures to meet new regulatory framework

    It’s been a tough road, but the changes are working and more to come
    A meeting between the heads of the Consumer Financial Protection Bureau and the Federal Housing Finance Agency turned into a preview for the 2016 FHFA Scorecard — with a look at the status of the Common Securitization Platform and Single Security and the move towards increasing credit risk transfers.
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