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FHFA | RIN: 2590-AA94 | Publication ID: Fall 2018 |
Title: ●Uniform Mortgage-Backed Security | |
Abstract:
The rule will improve the liquidity of Fannie Mae and Freddie Mac (the Enterprises) to-be-announced eligible mortgage-backed securities (TBA-eligible MBS) by requiring the Enterprises to maintain policies that promote aligned investor cash flows both on current TBA-eligible MBS, and, upon its implementation, the cash flows of 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. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 1248 | |
Legal Authority: 12 U.S.C. 4511 12 U.S.C. 4526 12 U.S.C. 1716 12 U.S.C. 1451 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.regulations.gov; www.fhfa.gov | Public Comment URL: www.fhfa.gov |
RIN Data Printed in the FR: No | |
Agency Contact: James Jordan Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3075 Email: james.jordan@fhfa.gov |