Single GSE Security Release Date Set

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Posted To: MND NewsWire

Fannie Mae and Freddie Mac (the GSEs) have each issued birth announcements for their long-anticipated Uniform Mortgage-Backed Securities (UMBS). The two companies will begin issuing the UMBS on June 3, 2019. Their announcements follow publication of a final rule governing the security from the Federal Housing Finance Agency (FHFA), the GSEs’ conservator, on February 28. That was followed by a decision earlier this month from the Securities Industry and Financial Markets Association (SIFMA) To-Be-Announced (TBA) Guidelines Advisory Council approving revisions to good delivery guidelines for the UMBS. The SIFMA decision allows both GSEs to begin delivering forward June UMBS trades with trade dates on or after March 12, 2019 and settlement dates on or after June 3, 2019. Existing Fannie Mae securities…(read more)

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