In an effort to get mortgage-backed securities investors comfortable with the upcoming launch of the uniform MBS, Fannie Mae and Freddie Mac are continuously monitoring their prepayment rates to make sure there’s no divergence between the two, according to the Federal Housing Finance Agency.The FHFA published its inaugural prepayment report this week, increasing transparency ahead of the launch of the UMBS in June 2019. The report will be released on a quarterly basis. With the UMBS, the FHFA wants to ensure that there’s general alignment on the prepayments and noted that consistency is important to the efficiency and liquidity of the secondary mortgage market.