The Federal Housing Finance Agency (FHFA) has extended the deadline on its 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) from Dec. 19 to Jan. 21.
The agency gave no reason on why the deadline was extended. The RFI follows the recent launch of UMBS, and the FHFA said 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 is also seeking 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.