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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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