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Tag Archives: Common Securitization Platform

GSEs Launching Uniform Mortgage-Backed Securities

Beginning on June 3, 2019, the GSEs will begin issuing a new common security known as the Uniform Mortgage-Backed Security (UMBS). The Federal Housing Finance Agency announced the change on Wednesday, revealing that the common securities will replace the Enterprises’ ...

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GSEs Partner With Industry to Form Advisory Group For Common Securitization Platform

The CSP is a technology and operational platform that is being developed by CSS, the companies said. This new development is a new venture of both Freddie Mac and Fannie Mae. CSP will perform many of the core back office operations for the Single Security, as well as most of the Enterprises' current securitization functions for single-family mortgages, on behalf of the Enterprises.

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Audit of Common Securitization Platform Finds Organizational Problems

The Federal Housing Finance Agency Office of the Inspector General (FHFAOIG) released its latest update on the status of the development of the Common Securitization Platform (CSP). In a recent speech, FHFA director Mel Watt said the continued development of the Common Securitization Platform is one of the most important goals for Fannie Mae and Freddie Mac going forward.

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