Article Outlines Changes Coming to Fannie, Freddie TBA Market
January 7, 2018
With Fannie Mae and Freddie Mac's plan to issue a common mortgage backed security continuing -- the security is set to be issued in the second quarter of 2019 -- a preview article from the next issue of the ABA Banking Journal explores changes coming to this market.
"Investors, dealers, vendors, and seller/servicers must get prepared in early 2019 for this combined $3.5 trillion market of to-be-announced RMBS," writes Lisa Tibbitts of Freddie Mac. "Forward trading will begin well ahead of the go-live date."
The article outlines what market participants can do to assess the impact of the switch, including relevant information for investors, dealers and vendors. Seller/servicers will see fewer changes, Tibbitts writes, as they will continue to conduct business directly with each GSE. Read the article.