Fannie Mae, Freddie Mac’s JV gets an overhaul as a fintech

Fannie Mae and Freddie Mac unveiled a new strategy for their legacy joint venture, aligning with priorities set by President Trump and their federal overseer.

Their Common Securitization Solutions JV will be renamed U.S. Financial Technology to reflect a new role in which it will sell access to the mortgage-backed securities platform used to manage their $6.5 trillion portfolio to others, according to a press release issued Thursday.

The news arrives following speculation that CSS could play a role in fulfilling goals to monetize Fannie and Freddie that Trump and their oversight agency chief, Bill Pulte, have said they’ve discussed.

“We created U.S. Fin Tech to demonstrate the incredible ingenuity of American technology under President Trump’s leadership,” said Pulte, who also has…