• Grey Facebook Icon
  • Grey Twitter Icon
Subscribe

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.

Freddie Mac Delays Effective Date of Updates That Would Affect Single Security

July 31, 2017

 

Freddie Mac has opted to delay the effective date of Single Security updates that were originally set for July 31. The new tentative date is August 28, though, dates are still subjected to change.

 

"The Single Security is a joint initiative of Fannie Mae and Freddie Mac (the Enterprises), under the direction of FHFA, to develop a single mortgage-backed security that will be issued by the Enterprises to finance fixed-rate mortgage loans backed by one- to four-unit single-family properties," according to Freddie Mac

 

"The Enterprises will align key components of Fannie Mae’s mortgage-backed securities (MBS) and Freddie Mac’s Participation Certificates (PCs).  The goal is to bring additional liquidity and fungibility to the “To-Be-Announced” (TBA) market and to reduce or eliminate the trading disparities that exist today between the Enterprises’ TBA securities."

 

A full layout of the guidelines can be access by clicking here. For more information on the delay click on the image above.

 

 

 

Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

1/8
Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon