Next year is shaping up to be a pivotal one for the future of the Common Securitization Platform and the issuance of the single security by Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency, the conservator for Fannie and Freddie, proposed a new, combined securitization platform for the government-sponsored enterprises in February 2012. More than four years later, Freddie Mac has begun the process of moving onto the platform, and next year the FHFA will likely release a timeline for Fannie Mae to do the same.

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