Fannie and Freddie take steps toward a unified securitization platform

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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