Fannie Mae and Freddie Mac have made significant progress toward creating a joint entity which may eventually function as a market for mortgage-backed securities.
The two government-owned entities that together make up the majority of secondary market for mortgages in the U.S. have been in effect owned and managed by the federal government since they were conserved during the housing finance crisis.
The Federal Housing Finance Agency, the organizations' effective regulating and managing agency, announced Monday the formation of a new, independent, corporation to run the new MBS market. Its name: Common Securitization Solutions,LLC
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
