BLUE SKY BREAKOUT

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FHFA made multi-year plans for FNMA/FMCC

FHFA Chief Watt: "These objectives will allow FHFA to work with Fannie Mae, Freddie Mac and Common Securitization Solutions to build a strong, vibrant national housing finance market."


What is (CSS) Common Securitization Solutions, LLC?


(CSS) Common Securitization Solutions, LLC is to:

Continue to build and test the Common Securitization Platform (CSP)
Work on CSP should incorporate the following design principles:

Focus on the functions necessary for current Enterprise single-family securitization activities

.Include the development of the operational and system capabilities necessary to issue a Single
Security for the Enterprises
.Allow for the integration of additional market participants in a future system.
Implement approved plans for the Enterprises’ integration to the CSP
.Finalize and operate in accordance with the multi-year business and operational plan
.Continue to work with the Enterprises to obtain and utilize
public and industry input

LAST PAGE

http://www.fhfa.gov/AboutUs/Reports/ReportDocuments/2015-Scorecard.pdf
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MULTI-YEARS PLAN MEANS TO REMOVE CONSERVATORSHIP AND LET THE FNMA/FMCC TO STAY IN THE BUSINESS..

STAY TUNED!!