​​​The Federal Activities Inventory Reform (FAIR) Act (P.L. 105-270) was enacted in 1998 requiring Federal Government agencies to prepare inventories of the commercial and inherently governmental activities performed by their federal employees.  The FAIR Act report is due annually by Federal Government agencies and must be submitted to the Office of Management and Budget (OMB) each year by June 30.​

The Federal Activities Inventory Reform (FAIR) Act (P.L. 105-270) was enacted in 1998 requiring Federal Government agencies to prepare inventories of the commercial and inherently governmental activities performed by their federal employees.  The FAIR Act report is due annually by Federal Government agencies and must be submitted to the Office of Management and Budget (OMB) each year by June 30.​

​​​The Federal Activities Inventory Reform (FAIR) Act (P.L. 105-270) was enacted in 1998 requiring Federal Government agencies to prepare inventories of the commercial and inherently governmental activities performed by their federal employees.  The FAIR Act report is due annually by Federal Government agencies and must be submitted to the Office of Management and Budget (OMB) each year by June 30.​

​​​​Introduction

​​​​​Fannie Mae and Freddie Mac began issuing the Uniform Mortgage-Backed Securities (UMBS) on June 3, 2019.

This quarterly report provides market participants additional transparency into a sample of the data FHFA receives and reviews on a monthly basis. The report focuses on alignment of prepayment rates, which continues to be important to the success of UMBS and to the efficiency and liquidity of the secondary mortgage market.