12 CFR 1248.3 – General alignment
Current as of: 2024 | Check for updates
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Each Enterprise’s covered programs, policies, and practices must align with the other Enterprise’s covered programs, policies, and practices.
Terms Used In 12 CFR 1248.3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(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]