Fannie Mae and Freddie Mac soon will implement a new Uniform Mortgage-Backed Security the Federal Housing Finance Agency (FHFA) announced in March. FHFA Director Melvin Watt said the announcement is intended to offer certainty to market participants regarding the timing of the transition to the UMBS and to enable them to make necessary preparations for a smooth transition. Find out more about the new development and what it will mean for the industry.
Via:: FHFA to implement new UMBS
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