News Column

FHFA Seeks Input on Single Security

August 12, 2014



WASHINGTON, Aug. 12 -- Federal Housing Finance Agency issued the following news release:

The Federal Housing Finance Agency (FHFA) today published a Request for Input on the proposed structure for a Single Security that would be issued and guaranteed by Fannie Mae or Freddie Mac. Developing the Single Security is a key goal of FHFA's 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac (http://www.fhfa.gov/AboutUs/Reports/ReportDocuments/2014StrategicPlan05132014Final.pdf) and is a 2014 Scorecard item (http://www.fhfa.gov/AboutUs/Reports/ReportDocuments/2014Scorecard051314FINAL.pdf)for both companies.

The Single Security project is intended to improve the overall liquidity of Fannie Mae and Freddie Mac mortgage-backed securities by creating a Single Security that is eligible for trading in the to-be-announced (TBA) market. FHFA is requesting public input on all aspects of the proposed Single Security structure and is especially focused on issues regarding the transition from the current system to a Single Security. Specific questions FHFA is asking relate to TBA eligibility, legacy Fannie Mae and Freddie Mac securities, potential industry impact of the Single Security initiative, and the risk of market disruption.

Interested parties are invited to provide written input on this Request for Input no later than October 13, 2014 and should be submitted to the Federal Housing Finance Agency, Office of Strategic Initiatives, 400 7th Street, S.W., Washington, DC 20024 or via FHFA.gov.

All comments received will be made public and posted to FHFA's website.

Link to Single Security Request for Input (http://www.fhfa.gov/PolicyProgramsResearch/Policy/Pages/Single-Security.aspx).

TNS 30BautistaJude 140813-4826973 30BautistaJude


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