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Uniform Mortgage-Backed Security

Open Date:
Open for comment 9/17/2018
Deadline:
All comments are due by 11/16/2018
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AA94
Group:
 
Fannie Mae; Freddie Mac
Document Number:
2018–20124
CFR:
12 CFR 1248
CFR Description:
Uniform Mortgage-Backed Security
Federal Register Publish Date:
View Document:
 
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Robert Fishman, Senior Associate Director, Division of Conservatorship, (202) 649-3527, Robert.Fishman@fhfa.gov, or James P. Jordan, Associate General Counsel, Office of General Counsel, (202) 649-3060, James.Jordan@fhfa.gov.  These are not toll-free numbers.  If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

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SUMMARY:  The Federal Housing Finance Agency (FHFA or Agency) is providing notice and inviting comment on a proposed rule to improve the liquidity of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) To-Be-Announced (TBA) eligible mortgage-backed securities (MBS) by requiring the Enterprises to maintain policies that promote aligned investor cash flows both on current TBA-eligible MBS, and, upon its implementation, on 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 1-4 unit (single-family) properties.

DATES:  Written comments must be received on or before November 16, 2018.

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