The Structured Finance Association (SFA) applauded the decision today by the Federal Housing Finance Agency to lower the previously announced UMBS Fee from 50 basis points to 9.375 basis points, a reduction of more than 80 percent. The FHFA said the reduced fee will go into effect April 1.

SFA submitted a letter to the Board of Governors of the Federal Reserve System (Fed) in response to the Fed’s proposed regulation to implement the Adjustable Interest Rate (LIBOR) Act. SFA applauds the Fed’s comprehensive proposal and is strongly supportive of the proposal, with a few imperative remaining clarifications that should be addressed so that consumer and investor contracts transition as seamlessly as Congress intended.

The Structured Finance Association (SFA) submitted a letter to the U.S. Securities and Exchange Commission (SEC) in response to the SEC’s proposed rule “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (the “Proposed Rule”).

The Structured Finance Association (SFA) is gathering market feedback on the new upfront 50 basis point cross-collateral guarantee on Uniform Mortgage-Backed Securities (UMBS) underlying certain TBA securities that was announced by Fannie Mae and Freddie Mac.

The Structured Finance Association (SFA) released the following statement after the U.S. Senate confirmed Sandra Thompson to lead the Federal Housing Finance Agency (FHFA) by a vote of 49 to 46.