FREDDIE MAC TO INITIATE NEW SINGLE SECURITY-RELATED INVESTOR DISCLOSURES

摘要

Freddie Mac announced on Aug 3, 2017, that it will implement new or revised disclosures for single-family fixed-rate and adjustable-rate mortgage-backed securities (MBS). The disclosures are being implemented in connection with the Single Security Initiative, which is designed to increase liquidity and fungibility in the $3.5 trillion to-be-announced (TBA) MBS market. The disclosures are a key step toward the launch of the uniform mortgage-backed security (UMBS), which is expected to occur in the second quarter of 2019.