---
kind: "section"
citation: "12 C.F.R. § 1248.2"
title: "12"
number: "1248.2"
heading: "Purpose."
url: "https://uscodex.org/cfr/12/1248.2"
---

# §1248.2. Purpose.


The purpose of this part is to:

- (a) Enhance liquidity in the MBS marketplace, and to that end, enable adoption of the UMBS, by achieving sufficient similarity of cash flows on cohorts of TBA-eligible MBS such that investors will accept delivery of UMBS from either issuer in settlement of trades on the TBA market.
- (b) **Provide transparency and durability into the process for creating alignment.**

## Notes

### Authority

Authority: 12 U.S.C. 1451 note; 1716; 4511; and 4526.

### Source

Source: 84 FR 7799, Mar. 5, 2019, unless otherwise noted.