Tuesday, 9 August 2022 | The Latest Buzz for the Appraisal Industry

New Fee May Affect Fannie Mae, Freddie Mac’s Single Security

One of the most effective reforms to Fannie Mae and Freddie Mac during their 14 years in conservatorship was the 2019 introduction of the Uniform Mortgage Backed Security (UMBS), a single security backed by mortgages guaranteed by either or both institutions. In the prior system, in which each government-sponsored enterprise (GSE) issued its own securities, …

The post New Fee May Affect Fannie Mae, Freddie Mac’s Single Security appeared first on DSNews.

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