§1248.3. General alignment.

12 C.F.R. § 1248.3

Each Enterprise's covered programs, policies, and practices must align with the other Enterprise's covered programs, policies, and practices.

(a)

When aligning covered programs, policies, and practices, the Enterprises must consider:

(1)

The effect of the alignment on TBA-eligible securities' pricing and particularly on the prepayment speeds of mortgages underlying TBA-eligible MBS.

(2)

Options that provide the greatest benefit for investors, lenders, and mortgage borrowers.

(b)

[Reserved]

Notes, amendments, and revision history

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

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