Freddie Helps Expedite Transition to One Market with Exchange Path
September 14, 2018
Freddie Mac is developing an exchange path in preparation for the single security initiative that will combine the Freddie and Fannie Mae markets into one Uniform Mortgage-Backed Security. To make that transition easier for the June 2019 single security launch, Freddie teamed up with Tradeweb to create a simple, standardized transaction entry point to submit valid legacy MBS for exchange. The platform will also accept float compensation and choose a settlement date. Investors will be able to request exchanges through their order management systems integration with Tradeweb or enter them directly into Tradeweb. The platform will provide a direct-to-Freddie path for...