The Federal Housing Finance Agency (FHFA) announced changes this morning intended to better support Fannie Mae and Freddie Mac (the Enterprises) in issuing mortgage-backed securities.
FHFA said Matthew Feldman, the former president & CEO of the Federal Home Loan Bank of Chicago, has been appointed interim chairman of the Board of Managers at Common Securitization Solutions to assist with the changes.
After a nearly two-year review period, FHFA stated that CSS should focus on "maintaining the resiliency" of Fannie and Freddie mortgage-backed securities platform.