FHFA Announces 2Q 2019 Implementation for the Single Security
March 24, 2017
The Federal Housing Finance Agency (FHFA) announced the second quarter of 2019 as the timeframe for Release 2 of the Common Securitization Platform (CSP) and the launch of the Single Security. Detailed information on the revised timetable can be found in FHFA’s recent update on the multiyear Single Security initiative.
Freddie Mac began using the CSP in November last year (Release 1) to perform certain issuance and bond administration functions for certain Freddie Mac Participation Certificates (PCs). Release 2 will allow Freddie Mac and Fannie Mae to use the CSP to issue a single, common security called Uniform Mortgage-Backed Securities or UMBS.
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