A report was issued about the progress made on the development by the government-sponsored enterprises and their regulator of a Common Securitization Platform and single security.
The 2016 Conservatorship Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions requires the first use of the CSP software to be implemented in 2016.
The software implementation outlined in the scorecard is part of Release 1, whereas Release 2 calls for the CSP to begin being utilized to issue single securities within two more years.
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From:: Financing