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Fannie, Freddie Begin Issuing Uniform Mortgage Security

Fannie Mae and Freddie Mac on Monday began issuing the Uniform Mortgage-Backed Security. The UMBS will be issued through the Common Securitization Platform and will replace the government-sponsored enterprises’ current set of securities. The single security will be issued by the GSEs to finance fixed-rate mortgage loans backed by one- to four-unit single-family properties.

Read Statement from FHFA

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