Federal Housing Finance Agency Print
Home / Supervision & Regulation / Federal Register / Uniform Mortgage-Backed Security Final Rule

Uniform Mortgage-Backed Security Final Rule

Open Date:
Open for comment
Deadline:
All comments are due by
Type:
Final Rule
Number:
RIN-2590-AA94
Group:
 
Fannie Mae; Freddie Mac
Document Number:
2019–03934
CFR:
12 CFR Part 1248
CFR Description:
UNIFORM MORTGAGE-BACKED SECURITIES
Federal Register Publish Date:
View Document:
/SupervisionRegulation/Rules/RuleDocuments/UMBS Final Rule for Web.pdf|156.4 KB;
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Robert Fishman, Deputy Director, Division of Conservatorship, (202) 649-3527, Robert.Fishman@fhfa.gov, or James P. Jordan, Associate General Counsel, Office of General Counsel, (202) 649-3075, James.Jordan@fhfa.gov.  These are not toll-free numbers.  The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877-8339.

Related Documents:
 

There are currently no related dockets for the selected rule.

SUMMARY:  The Federal Housing Finance Agency (FHFA or Agency) is issuing a final rule to improve the liquidity of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises) To-Be-Announced (TBA) eligible mortgage-backed securities (MBS) by requiring the Enterprises to maintain policies that promote aligned investor cash flows for both current TBA-eligible MBS, and, upon its implementation, for the Uniform Mortgage-Backed Security (UMBS) – a common, fungible MBS that will be eligible for trading in the TBA market for fixed-rate mortgage loans backed by one-to-four unit (single-family) properties.  The final rule codifies alignment requirements that FHFA implemented under the Fannie Mae and Freddie Mac conservatorships.  The rule is integral to the successful transition to and ongoing fungibility of the UMBS.  FHFA has announced that the Enterprises will begin issuing UMBS in place of their current TBA-eligible securities on June 3, 2019.

DATES:  This rule is effective:  May 6, 2019.. 

Submit a Comment
NOTE: To ensure file attachments are received, make certain file names do NOT include characters such as ~ # % & * { } \ : < > ? / |, that file names are short and concise, and that the file does not exceed 50MB. If you have trouble submitting input or uploading documents to attach to your input, please contact FHFAwebmaster@FHFA.gov or call (202) 649-3031 for assistance.

Privacy Act Notice

This notice is provided pursuant to the Privacy Act of 1974 (Privacy Act), as amended, 5 U.S.C. 552a. The collection of information is to process and/or respond to your complaint, appeal, inquiry, request for information, to review and post comments on proposed rules/regulations, to review feedback received on FHFA proposed or implemented initiatives, and to compile a list of potential vendors and contractors. The records are used in accordance with Systems of Records Notices (SORN), FHFA-3 Correspondence Tracking System, FHFA-20 Telecommunications System, and FHFA-22 Online Forms. You can view these SORNs by clicking here and here and here . Although providing this information is voluntary, failure to provide the requested information may result in your complaint, appeal, inquiry, request, comment, or feedback not being processed and may make it more difficult for FHFA to respond to you.

© 2019 Federal Housing Finance Agency