Fannie, Freddie Launch Combined Securitization Platform


``The mortgage giants filed a certificate of formation with the Secretary of State of Delaware to create a new entity called Common Securitization Solutions LLC. The joint venture will be an equally-owned subsidiary of Fannie and Freddie.

The filing is a "significant milestone toward accomplishing the goal of building a new secondary mortgage market infrastructure," said Edward DeMarco, the FHFA's acting director.''

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