Statement on Single Security Initiative/Common Securitization Platform Update from Andrew Bon Salle
Today’s update shares the ongoing progress Fannie Mae has made to date in collaboration with FHFA, Freddie Mac, and Common Securitization Solutions (CSS) to further implement the Single Security Initiative. We continue to provide transparency around these efforts to prepare market participants for trading of the Uniform Mortgage-Backed Security. We remain committed to this initiative, with the goal of maintaining a highly liquid market and creating a stronger housing 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.