Clarification of MBS Pool Delivery Limits
Fannie Mae has clarified its requirements regarding MBS de minimus delivery limitations for certain product characteristics as they relate to Fannie Majors multiple lender pools. Effective with MBS deliveries on or after December 22, 2008, each delivery a lender makes under a given Fannie Majors TBA MBS pool will be subject to the de minimus limitations that apply for a single TBA MBS pool.
Review Announcement 08-36: MBS Pool Delivery Limitations
When lenders deliver mortgage loans into a Majors pool, the lender receives a share of the pool in proportion to the dollar amount of the mortgages delivered.
Note: In order to provide more information on our MBS, Fannie Mae publishes the cumulative outstanding security balance of each open Fannie Majors pool from its issue date through the current business day. The cumulative outstanding security balance will be updated several times throughout the business day.
Tips for navigating the new Majors page
The "ISSUED AGGREGATE BALANCE" will identify the amount of UPB currently delivered into the Major. Historical pools will allow users to gain an understanding of past two months of history for Majors.
For more information, call the Capital Markets Pricing and Sales Desk at 1-800-752-0257.