FHFA Releases First Report Detailing How It Monitors GSE Prepayment Speeds in Preparation for the UMBS
May 25, 2018
The Federal Housing Finance Agency went into more detail this week about the steps it is taking to make sure Fannie Mae and Freddie Mac prepayment rates are fairly congruent. And when the difference between the GSEs’ prepayment rates spreads beyond two percentage points, it must be reported to the FHFA’s Single Security Governance Committee for an explanation and remedial actions.