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https://www.sifma.org/resources/news/tba-guidelines-advisory-council-approves-revisions-to-good-delivery-guidelines/
Mar 07, 2019 · The TBA Committee approved by a significant majority the revisions to the good delivery guidelines effective for trades with (1) trade date on or after March 12, 2019, and (2) settlement date on or after June 3, 2019. UMBS issuance by Fannie Mae and Freddie Mac is expected to begin on June 3.
https://www.sifma.org/resources/general/tba-market-governance/
SIFMA has developed standardized documentation for a range of bond market transactions. This section includes forms of standard agreements, guidelines and procedures that have been developed by SIFMA specifically for use in connection with mortgage and asset-backed securities transactions.
https://www.sifma.org/wp-content/uploads/2017/06/uniform-practices-2019-chapter-8.pdf
This example does not constitute good delivery because each $1 million is not within the allowable variance. 1 The existence of the Association’s good-delivery guidelines does not and should not restrict the flexibility that individual counterpar-ties possess to negotiate the specific terms of any particular transaction in which they are involved.File Size: 522KB
https://mondovisione.com/media-and-resources/news/sifma-to-update-mbs-tba-good-delivery-guidelines-to-reflect-its-decision-to-keep/
The Securities Industry and Financial Markets Association (SIFMA) announced today that it will soon publish an update to the “Standard Requirements for Delivery on Settlements of Fannie Mae, Freddie Mac and Ginnie Mae Securities,” also known as the “Good Delivery Guidelines.”
http://www.bdug.org/bdug/wp-content/uploads/2013/downloads/SIFMAPresentation.ppsx
Many of the sections of the Good-Delivery Guidelines are operational in nature, dealing with issues such as the number of bonds that may be delivered per one million dollars of a trade, the allowable variance of the delivery amount from the notional amount of the trade, and other similar details.
https://asreport.americanbanker.com/news/sifma-updates-mbs-tba-rules
According to a SIFMA release, the guideline updates will reflect the decision by SIFMA to keep the maximum TBA eligible original loan balance at current levels as well as clarify several long standing market practices for good delivery. The existing maximum original balance allowable for a loan on a one family property in...
http://www.freddiemac.com/mbs/docs/march_2019_newsletter.pdf
And second, SIFMA’s TBA Committee approved revisions to the good delivery guidelines effective for trades with (1) trade date on or after March 12, 2019, and (2) settlement date on or after June 3, 2019. UMBS issued by either Fannie Mae or Freddie Mac will be deliverable into UMBS TBA contracts for settlement starting June 3rd. In conjunction withFile Size: 108KB
https://www.sifma.org/wp-content/uploads/2011/03/SIFMA-TBA-Fact-Sheet.pdf
Participants in the TBA market generally adhere to market-practice standards commonly referred to as the “Good-Delivery Guidelines.” These guidelines cover a number of areas surrounding the TBA trading of agency MBS, and are promulgated by and maintained by SIFMA, through consultation with its …
SIFMA’s Business Continuity Planning team continues to closely monitor the novel coronavirus (COVID-19) and its impact on our industry and the markets. Here are guidance and resources for the industry to maintain operational resiliency, including instructions for financial services sector essential critical infrastructure workers.
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