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Fannie Mae (FNMA)

Mortgage Back Securities

  • Fannie Mae (15 or 30 year maturity types)
    • Mega
    • MBS

Allowable Attributes:

  • fixed rate
  • conventional
  • multi or single family

Mandatory Criteria for the Direct Acceptance of Mortgage Backed Securities

  • Must have an active price as carried by the Bloomberg Generic Pricing System
  • Must be delivered with repo-tracking code of STRP in field 22F of Fed Wire message to Bank of New York and JP Morgan Chase. Please see Federal Reserve Bank Services website at http://www.frbservices.org/ for more information on repo-tracking

Limits 
The existing rule that states a clearing member firm may use agencies and letters of credit for the first $5 million of its core requirement plus 50% of the remainder also applies to the new acceptable agency debentures combined with mortgage backed securities.