---
kind: "section"
citation: "12 C.F.R. § 1248.3"
title: "12"
number: "1248.3"
heading: "General alignment."
url: "https://uscodex.org/cfr/12/1248.3"
---

# §1248.3. General alignment.


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

### Authority

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

### Source

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