WASHINGTON — The Federal Housing Finance Agency provided its first specifics Tuesday on how it intends to create a single security for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

In a proposal open for public comment, the agency said it wants to draw on elements of both government-sponsored enterprises' existing securities. The plan would create a single security that essentially mirrors most of Fannie's pooling features, with "most of the disclosure framework" used by Freddie, the agency said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.