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FHFA Seeks Input on Uniform Mortgage-Backed Securities

Nov 04, 2019
Photo credit: Getty Images/krblokhin

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) regarding Fannie Mae’s and Freddie Mac’s pooling practices for the formation of To-Be-Announced (TBA)-eligible Uniform Mortgage-Backed Securities (UMBS).
 
This RFI follows the recent launch of UMBS. The agency issued a statement that this initiative will help it “determine whether further action or alignment is necessary to ensure reasonably consistent security cash flows and continued fungibility of the Enterprises’ UMBS.”
 
The FHFA also announced it would seek public input about other policies and practices that might affect UMBS fungibility, including Fannie Mae and Freddie Mac’s oversight of UMBS prepayment speeds and alignment. Input can be made via the FHFA site or through direct mail to the agency’s headquarters in Washington, D.C.

 
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