Fannie Mae, Freddie Mac jointly create U.S. Financial Technology

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’…