StacksVerified U.S. regulatory reference

12 CFR §1248.3

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Each Enterprise's covered programs, policies, and practices must align with the other Enterprise's covered programs, policies, and practices.
  1. (a)When aligning covered programs, policies, and practices, the Enterprises must consider:
    1. (1)The effect of the alignment on TBA-eligible securities' pricing and particularly on the prepayment speeds of mortgages underlying TBA-eligible MBS.
    2. (2)Options that provide the greatest benefit for investors, lenders, and mortgage borrowers.
  2. (b)[Reserved]