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Fannie Mae, Freddie Mac Jointly Create U.s. Financial Technology

Fannie Mae and Freddie Mac on Thursday announced the creation of U.S. Financial Technology LLC (U.S. Fin Tech) to take over their jointly shared legacy company, Common Securitization Solutions (CSS).

U.S. Fin Tech’s name “better reflects its critical role in providing advanced, innovative technology, and business solutions for the Enterprises,” according to the announcement.

It was also confirmed that the company will continue to provide all mortgage-backed securities (MBS) securitization services and related technology for the government-sponsored enterprises (GSEs).

Tony Renzi, who served as the CEO of CSS, will continue in that role for U.S. Fin Tech.

“We are excited to have a name that demonstrates that we are leading the United States and the world in financial services technology,” Renzi said.

“We created U.S. Fin Tech to demonstrate the incredible ingenuity of American technology under President Trump’s leadership,” said Bill Pulte, director of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac.

The restructuring of the securities platform could signal a move toward ending the GSEs’ conservatorship, which has been a subject of speculation since President Donald Trump’s reelection.

Opening up the GSEs’ bond platform also reverses a 2021 move to scrap its private-label ambitions and dissolve the independent oversight board.

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Fannie Mae, Freddie Mac Jointly Create U.s. Financial Technology

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