The Federal Housing Finance Agency announced the completion of some steps today to unify the mortgage securitization platforms of the government-sponsored entities Fannie Mae and Freddie Mac into one system. The organizations’ regulator has filed paperwork to establish a limited liability company in Delaware, Common Securitization Solutions LLC, and signed a three-year lease on commercial office space in Bethesda, Md., that will house the firm.

“The filing of the Certificate of Formation represents a significant milestone toward accomplishing the goal of building a new secondary mortgage market infrastructure,” said FHFA Director Edward DeMarco in a statement.

Source: Federal Housing Finance Agency

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×