March 29, 2019

Proposed New MBS Security Set for Mid-2019 Rollout, but Questions Remain

The agency mortgage-backed securities (MBS) market is preparing to introduce a new security, known as the Uniform MBS (UMBS), in June 2019. The security will be the first offered in an effort to unite issuance from the Federal National Mortgage Association (Fannie Mae or Fannie) and the Federal Home Loan Mortgage Corp. (Freddie Mac or Freddie).

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