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Freddie Mac just announced that it has implemented Release 1, utilizing the Common Securitization Platform (CSP) . The Release was launched on November 21 and enables Freddie Mac to transfer certain securities operations for its Gold participation certificates (PCs) and Giant PCs to the CSP and to Common Securitization Solutions, LLC (CSS) which operates CSP. Release 1 will pave the way for Release 2 , in which a Freddie Mac and Fannie Mae will develop a single mortgage-backed security they will issue to finance fixed-rate mortgage loans backed by one- to four-unit single-family properties. This is known as the Single Security Initiative (SSI), and the new issue as Uniform Mortgages-Baked Securities (UMBS) to be guaranteed by either of the government-sponsored enterprises (GSEs). The resulting
Housing News
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Freddie Mac just announced that it has implemented Release 1, utilizing the Common Securitization Platform (CSP) . The Release was launched on November 21 and enables Freddie Mac to transfer certain securities operations for its Gold participation ce... (read more)
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Housing News
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Analysts from the Urban Institute recently put a hard number on tight credit. The company says that lenders failed to make about 5.2 million mortgages between 2009 to 2014 because of rigid underwriting standards. An additional 1.1 million mortgages c... (read more)
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Housing News
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A dramatic uptick in consumer perceptions about household income kept Fannie Mae's Home Purchase Sentiment (HPSI) Index from tanking in November. Even with a net increase of 11 percent in the number of respondents reporting significantly higher house... (read more)
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MBS Commentary
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The European Central Bank (ECB) changed things up today, to some extent. Unlike the Fed, which always unveils its big policy changes in the "announcement" itself, the ECB historically tends to address interest rate changes in the announcement... (read more)
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Rob Chrisman
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“I find it ironic that the colors red, white, and blue stand for freedom, until they're flashing behind you.” The OCC doesn’t have flashing lights, but the feeling in one’s stomach is probably like being pulled over. The OCC i... (read more)
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Housing News
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The number of "underwater" homeowners continued to decrease at a rapid pace in the third quarter of 2016 as home values grew. Negative equity, often referred to as "underwater" or "upside down," applies to borrowers who owe more on their mortgages th... (read more)
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freddiemac.mwnewsroom.com
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freddiemac.mwnewsroom.com
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