Mortgage-Backed Security

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FHFA merges GSE issuance to common security in bid to cut housing costs for millions 

Jun 03, 2019By

As of Monday, Freddie Mac and Fannie Mae mortgage-backed securities will be issued under a common security – the Uniform MBS – in a move some have called the biggest change to the MBS market in a generation. FHFA called the implementation of UMBS “momentous” and said it will cut costs for American homebuyers, but what is it, and what exactly will it mean for the U.S. mortgage market?

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