Data Provider Black Knight to Acquire Top of Mind 2 days ago FHFA Freddie Mac UMBS 2019-04-24 Seth Welborn Demand Propels Home Prices Upward 2 days ago Print This Post Working Toward Freddie Mac’s Universal Mortgage-Backed Securities Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Share Save About Author: Seth Welborn Freddie Mac recently announced that its Investor Reporting Change Initiative (IRCI) will revise Single-Family investor reporting requirements, beginning in May 2019, including moving the investor reporting cycle from mid-month to end-of-month and updating remittance cycles.The GSE states that it is making the changes to promote alignment and industry standards for the Uniform Mortgage Backed Security (UMBS).According to analyst teams at Morgan Stanley and JPMorgan, the joint Fannie Mae-Freddie Mac security, Uniform MBS, is set to roll out on June 3 and may cause a rise in volatility. In an article publsihed by Bloomberg, Morgan Stanley and JPMorgan analysts discuss their recommendations on the agency MBS sector following the recent widening of mortgage spreads.In the article, Morgan Stanley advised investors to “go long” the sector, citing a wider 30-year Fannie Mae current coupon Treasury option-adjusted spread as a positive.“The Fannie Mae current coupon spread over a blend of Treasury 5- and 10-year notes, a popular valuation method for mortgage investors, has widened 12 basis points to 85 since March 26, when it closed at its tightest level since January 31, 2018, according to data compiled by Bloomberg,” write Bloomberg reporter Christopher Maloney. “Its average level last year was 82 basis points.”Freddie Mac’s IRCI updates will be effective beginning with the June 6, 2019 monthly factor/disclosure for all currently issued PCs. This initiative will also apply to the new Freddie Mac UMBS and MBS, which Freddie Mac expects it will begin issuing on June 3, 2019.In March, the Federal Housing Finance Agency (FHFA) issued a final rule that requires Fannie Mae and Freddie Mac to align programs, policies, and practices that affect the cash flows of “To-Be-Announced” (TBA)-eligible Mortgage-Backed Securities. The agency statement indicated that this is a major step forward. “This rule demonstrates FHFA’s commitment to the success of the UMBS, which will promote liquidity and efficiency in the secondary mortgage market,” said Joseph Otting, FHFA Acting Director. Demand Propels Home Prices Upward 2 days ago Subscribe in Daily Dose, Featured, Government, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: VFSAC Golf Classic: Supporting Military Veterans’ Housing Needs Next: FHFA Updates on Foreclosure Stats Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Working Toward Freddie Mac’s Universal Mortgage-Backed Securities Servicers Navigate the Post-Pandemic World 2 days ago April 24, 2019 2,773 Views Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: FHFA Freddie Mac UMBS Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.