FHFA Seeks Input on Single Security for Fannie, Freddie

On Aug. 12, 2014, the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, published a proposed framework for how the two mortgage-finance companies might issue and back a single-type of mortgage-backed security (MBS). The framework is a key step on the way to development of a single security, which FHFA officials said will reduce borrowing costs for potential homeowners. It would also potentially reduce costs for Freddie Mac who has had to offer discounts on guarantee fees to make up for the price difference of their MBS versus Fannie Mae’s. Originally… Read More
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