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12 U.S.C. 1451 note; 1716; 4511; and 4526.
84 FR 7799, Mar. 5, 2019, unless otherwise noted.
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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]