ABA Banking Journal
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2018 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, which will be implemented for the “Single Security” to be issued by both GSEs in the second quarter of 2019.
Among other goals, the GSEs will be expected to maintain credit availability and foreclosure prevention activities, reduce taxpayer risk through increasing the role of private capital in the mortgage market and build a new single-family infrastructure for use by the GSEs and adaptable for use by other secondary market participants in the future.