{"data":{"id":"us/12-cfr-1248.3","jurisdiction":"us","citation":"12 CFR 1248.3","heading":"General alignment.","body":"Each Enterprise's covered programs, policies, and practices must align with the other Enterprise's covered programs, policies, and practices.\n(a) When aligning covered programs, policies, and practices, the Enterprises must consider:\n(1) The effect of the alignment on TBA-eligible securities' pricing and particularly on the prepayment speeds of mortgages underlying TBA-eligible MBS.\n(2) Options that provide the greatest benefit for investors, lenders, and mortgage borrowers.\n(b) [Reserved]","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER C—ENTERPRISES","PART 1248—UNIFORM MORTGAGE-BACKED SECURITIES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"76f3943e6471ae3853c224a110275289bc0ad662c6b66590809a5ce73717ee11","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1248.2","next":"us/12-cfr-1248.4"},"notice":"GroundRules: Original legal text. Not legal advice."}