The Federal Housing Finance Agency has reported that it will release the first part of a common mortgage securitization platform, which will allow for the issuing of standardized, mortgage backed securities in 2016.

Through the securitization platform, Fannie Mae and Freddie Mac will have the ability to more easily issue securities backed by mortgages that they purchase. It will also help streamline the mortgage securitization process in a way that could allow for the inclusion of third parties as well, according to an FHFA report released Tuesday.

Click here to read the full report.

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