This Week Marked Low-Key Launch of the GSEs' Single MBS

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Posted To: MND NewsWire

The long-awaited single mortgage-backed security from the GSEs Fannie Mae and Freddie Mac launched on Monday. The official start date for the single security was announced in mid-March. The single security will be issued via the Common Securitization Platform (CSP), a technology and operational platform operated by Common Securitization Solutions, a joint venture of the GSEs formed in 2014. The CSP will perform many of the core back office operations for the single security, as well as most of the GSEs' current securitization functions for single-family mortgages. The launch was decidedly anti-climactic. Under a ruling from the Securities Industry and Financial Markets Association (SIFMA) the GSEs had already begun delivering forward June UMBS trades with trade dates on or after March 12, 2019...(read more)

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Source: http://www.mortgagen...

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