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Statement

Statement from FHFA Director Sandra L. Thompson on FHFA's Ongoing Commitment to UMBS

FOR IMMEDIATE RELEASE
6/23/2022

On June 14, 2022 Fannie Mae and Freddie Mac (the “Enterprises") both announced an upfront fee for the guarantee each Enterprise provides covering the collateral of the other Enterprise in commingled securities effective July 1. The Enterprises instituted this fee to accommodate the increased capital requirements associated with this activity as proposed and finalized in the 2020 Enterprise Regulatory Capital Framework.

FHFA remains committed to the continued strength and resilience of the Single Security Initiative (Initiative) given the significant improvement in liquidity and stability that this Initiative has afforded the TBA market.

FHFA will continue to monitor the UMBS and TBA market to ensure UMBS and the related TBA market function as intended and will continue regular engagement with stakeholders. 

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $7.5 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter, @FHFA, YouTube, Facebook, and LinkedIn.
Contacts:

​​Adam Russell Adam.Russell@FHFA.gov

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