Statement on Implementation of the New UMBS from Andrew Bon Salle
Today's announcement provides additional clarity on the timeline for implementation of the Uniform Mortgage-Backed Securities (UMBS). Working with FHFA, Freddie Mac, and Common Securitization Solutions, we are focused on providing transparency to ensure market participants have the time to plan for and understand this transition. Our goal is to maintain a highly liquid housing finance market and create a stronger finance system.Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/FannieMae.