Fannie Mae and Freddie Mac jointly created U.S. Financial Technology, LLC (U.S. Fin Tech) to take over their jointly shared legacy company, Common Securitization Solutions (CSS). This new entity signifies a strategic restructuring of their technology operations.
U.S. Fin Tech will be responsible for inventorying and managing a substantial $6.5 trillion mortgage-backed securities (MBS) portfolio. This consolidation aims to enhance efficiency and oversight of this critical asset base.
Beyond internal management, U.S. Fin Tech plans to sell its advanced, innovative technology and business solutions to other institutions. This initiative could create new revenue streams for Fannie Mae and Freddie Mac by commercializing their technological expertise.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.