Items Tagged with 'Uniform Mortgage-Backed Security'

ARTICLES

  • 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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  • 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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