FHFA makes way for big reform of agency MBS market

The Federal Housing Finance Agency (FHFA) officially proposed changes to US administrative laws to align market activities at the US government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, on Wednesday. The changes would eliminate differences between the GSEs’ securities by 2019.

  • By Alexander Saeedy
  • 12 Sep 2018
The proposed rule would grant the FHFA the authority to require the GSEs to change any programmes, policies and practices that cause the conditional prepayment rates (CPR) in their securities to diverge by more than 2%. Prepayment risk is the primary source of difference in value among ...

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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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3 JPMorgan 92,612.23 269 8.66%
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5 Credit Suisse 70,475.74 184 6.59%