Items Tagged with 'UMBS'


  • Urban Institute: Launch of FHFA's single security was "flawless"

    Says uniform security lays important groundwork for GSE reform
    In June, the Federal Housing Finance Agency announced that its long-laid plans to launch a single security – the Uniform MBS – for loans backed by Fannie Mae and Freddie Mac had finally come to fruition. Now, with two months of UMBS in play, the Urban Institute is praising the successful launch of this “enormous undertaking,” noting the critical groundwork it lays for future GSE reform.
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  • FHFA merges GSE issuance to common security in bid to cut housing costs for millions

    Fannie, Freddie officially move to Uniform MBS
    As of Monday, Freddie Mac and Fannie Mae mortgage-backed securities will be issued under a common security – the Uniform MBS – in a move some have called the biggest change to the MBS market in a generation. FHFA called the implementation of UMBS "momentous" and said it will cut costs for American homebuyers, but what is it, and what exactly will it mean for the U.S. mortgage market?
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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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