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 details ⇒

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