12 C.F.R. § 1248.3
General alignment.
Cite as 12 C.F.R. § 1248.3 (2026)
Each Enterprise's covered programs, policies, and practices must align with the other Enterprise's covered programs, policies, and practices. (a) When aligning covered programs, policies, and practices, the Enterprises must consider: (1) The effect of the alignment on TBA-eligible securities' pricing and particularly on the prepayment speeds of mortgages underlying TBA-eligible MBS. (2) Options that provide the greatest benefit for investors, lenders, and mortgage borrowers. (b) [Reserved]