FHFA: Progress Report on Fannie/Freddie Replacement

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Posted To: MND NewsWire

The Federal Housing Finance Agency (FHFA) has released a progress report on the common securitization infrastructure (CSI) being constructed as a replacement for the existing processes used by the government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae. The updates are discussed as they relate to the common securitization platform (CSP) which is largely a technology project and the contractual and disclosure framework (CDF) being developed to enhance transparency and investor protections in residential mortgage-backed securities (RMBS). The proposed new infrastructure was set forth in a white paper issued in October 2012 by FHFA and public comment was invited. A link to that paper is available here. http://www.fhfa.gov/Default.aspx?Page=408 FHFA said it has received public comment...(read more)

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Source: http://www.mortgagenewsdaily.com/04302013_securitization_platform.asp

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