Fannie and Freddie Continue Moving Toward Common Security

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Posted To: MND NewsWire

Another milestone was reached on Wednesday as the government sponsored enterprises (GSEs) and their conservator the Federal Housing Finance Agency move toward creation of a Common Securitization Platform (CSP) . Fannie Mae and Freddie Mac announced the creation and composition of an Industry Advisory Group. This entity is intended to provide feedback to Common Securitization Solutions, LLC (CSS), the corporation jointly formed by the GSEs to develop and manage the platform and development of a single mortgage-backed security for loans guaranteed by both GSEs. The CSP and new single security are among FHFA's principal strategic goals for the GSE conservatorship. The CSP will perform many of the core back office operations for the single security, as well as most of the GSEs' current securitization...(read more)

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Source: http://www.mortgagenewsdaily.com/07082015_gse_reform.asp

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