fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

Fannie/Freddie Universal MBS Launch Has Been Seamless So Far

Monday, August 12, 2019

After years of planning, the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac launched their uniform mortgage-backed security (UMBS) in early June. So far, the Urban Institute (UI) likes what it sees.  UI analysts Karan Kaul and Laurie Goodman say the early reaction of investors to the new instrument is encouraging.

The UMBS is actually issued by the common securitization platform (CSP) which was developed jointly by the GSEs under the direction of their conservator and regulator the Federal Housing Finance Agency (FHFA).  The security is backed by mortgages guaranteed by one or the other of the GSEs.  Prior to the advent of the new security, each of the GSEs issued their own securities, each with its own securitization practices, terms, and prices. This was a situation that tended to disadvantage Freddie Mac.

Read Full Article


My home buying situation was unique, but Kim never batted an eye or made me feel uncomfortable. She made sure I understood each step in the process and worked with me to get everything pulled together."
Kelly C.