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Home Mortgage

FHFA On Track with Second Phase of ‘Single Security’ Implementation Effort

November 13, 2018
Reading Time: 1 min read

The Federal Housing Finance Agency today issued an update on the common securitization platform it is developing to issue the Single Security, a mortgage-backed security to be issued by both Fannie Mae and Freddie Mac. Included in the update is a timeline of key achievements to date, as well as upcoming milestones and the targeted completion date for the second of two planned software releases.

After announcing a delay of Release 2 of the Common Securitization Platform last year, FHFA said that it expects to complete pre-parallel testing for the second phase — which will allow both Fannie and Freddie to issue their own securities, as well as Single Securities — by the end of this year. The agency continues to anticipate the implementation of Release 2 to come in 2019.

Tags: FHFAGSEsSecurities activities
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Monica C. Meinert

Monica C. Meinert

Monica C. Meinert is a senior editor at the ABA Banking Journal and VP for executive communications at the American Bankers Association.

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