Posted To: MND NewsWire
The Federal Housing Finance Agency (FHFA) has released an update on the progress made toward the Single Security that is expected to replace those currently issued by Fannie Mae and Freddie Mac (the GSEs). The update covers: The milestones that the GSEs and their joint venture Common Securitization Solutions (CSS), which is also charged with developing and implementing the Common Securitization Platform (CSP), must achieve to complete the project and FHFA's expectations about when that will happen. The final Single Security features and disclosures, including how privacy risks related to loan-level disclosures will be addressed; and How the GSEs and FHFA review potential changes in Fannie Mae and Freddie Mac programs, policies, and practices to help ensure the continuation of the current close...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/29DAMW8
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