This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2018 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
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Goal: Help restore confidence, enhance capacity to fulfill mission, and mitigate systemic risk that contributed directly to instability in financial markets.
MAINTAIN foreclosure prevention activities and credit availability, REDUCE taxpayer risk, and BUILD a new single-family securitization infrastructure. Read more in the 2018 Scorecard and Conservatorships Strategic Plan.
Plans and Reports
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
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Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published
An Update on the Single Security Initiative (SSI) and the Common Securitization Platform (CSP) detailing activity and progress on the development of the CSP and toward the launch of a single, common security called the Uniform Mortgage-Backed Security (UMBS).
Fannie Mae and Freddie Mac (the Enterprises) and their joint venture, Common Securitization Solutions (CSS), will implement the SSI and issue the first UMBS on June 3, 2019. Today's update focuses on outreach by the Enterprises and FHFA to inform and prepare market participants for the SSI implementation.
“Since our last update, significant steps have been taken to ensure regulatory clarity, promote aligned investor cash flows on the UMBS, and test the new securitization infrastructure in preparation to launch the UMBS," said FHFA Director Melvin L. Watt. “We are on track, and I urge industry participants to continue to prepare for the transition."
The Update describes recent developments, including activities responding to input from market participants, to facilitate a smooth transition to the UMBS. These include:
The Update also provides information about the extensive outreach activities of the Enterprises to obtain stakeholder input and ensure successful implementation of the SSI including conferences, webinars, tabletop exercises, and surveys to gauge readiness and provide helpful information and resources.
FHFA also continues to update the
SSI/CSP timeline of key achievements on this project as milestones are reached.
FHFA welcomes public input on this Update from interested parties. Feedback can be submitted
electronically via FHFA.gov, or to the Federal Housing Finance Agency, Office of Strategic Initiatives, 400 7th Street, S.W., Washington, D.C. 20219. All pertinent submissions received will be made public and posted without redaction to FHFA's website.
An Update on the Single Security Initiative and the Common Securitization Platform
Media: Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030Consumers: Consumer Communications or (202) 649-3811
© 2019 Federal Housing Finance Agency