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FHFA

RIN: 2590-AA94

Publication ID: Spring 2019

Title: Uniform Mortgage-Backed Security
Abstract: The rule improves 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 on both current TBA-eligible MBS, and, upon its implementation, 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.
Agency: Federal Housing Finance Agency(FHFA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Yes	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

Timetable:

Action	Date	FR Cite
Proposed Rulemaking	09/17/2018	83 FR 46889
NPRM Comment Period End	11/16/2018
Final Rule	03/05/2019	84 FR 7793
Final Rule Effective	05/06/2019
Final Rule; Correction	05/00/2019

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