Fannie Mae and Freddie Mac Jointly Launch U.S. Financial Technology LLC
June 27, 2025 | By Sarah Wolak
Fannie Mae and Freddie Mac have announced the creation of U.S. Financial Technology LLC (U.S. Fin Tech), a new company established to replace their previously shared entity, Common Securitization Solutions (CSS). The move aims to better represent the company’s enhanced role in delivering cutting-edge technology and business solutions for the government-sponsored enterprises (GSEs).
A New Identity Reflecting Innovation
The transition from CSS to U.S. Fin Tech marks a strategic realignment designed to emphasize the enterprise’s commitment to advanced technological innovation within the U.S. mortgage finance sector. According to the official announcement, the new name "better reflects its critical role in providing advanced, innovative technology and business solutions for the Enterprises."
U.S. Fin Tech will maintain all existing responsibilities pertaining to mortgage-backed securities (MBS) securitization services and associated technology infrastructure for Fannie Mae and Freddie Mac.
Leadership to Continue
Tony Renzi, who has served as the CEO of CSS, has been confirmed to continue his leadership role at U.S. Fin Tech. Renzi expressed enthusiasm about the rebranding and future direction, stating, “We are excited to have a name that demonstrates that we are leading the United States and the world in financial services technology.”
Support From Regulatory Oversight
Bill Pulte, director of the Federal Housing Finance Agency (FHFA), which oversees both Fannie Mae and Freddie Mac, highlighted the broader significance of the initiative. “We created U.S. Fin Tech to demonstrate the incredible ingenuity of American technology under President Trump’s leadership,” said Pulte.
This development comes amid ongoing discussions about the potential phasing out of the GSEs’ conservatorship, an issue that has been widely speculated on since President Donald Trump’s reelection. The restructuring of the technology platform and renaming of the company may signal foundational steps in returning Fannie Mae and Freddie Mac to more independent operations.
Reversal of Previous Strategic Moves
In addition to the relaunch under the U.S. Fin Tech brand, the effort includes opening up the GSEs’ bond platform, reversing a 2021 decision to abandon private-label ambitions and dissolve an independent oversight board. This adjustment suggests a renewed focus on enhancing market functions and operational transparency.
Industry Implications
The creation of U.S. Fin Tech signals an important milestone in the modernization of the nation’s mortgage finance infrastructure. By focusing on innovation and technology, Fannie Mae and Freddie Mac aim to streamline securitization processes, reduce costs, and improve operational efficiency. Industry observers and stakeholders will be watching closely to see how this strategic pivot influences the broader housing finance landscape.
About the Author
Sarah Wolak is a mortgage reporter at HousingWire, specializing in developments in the mortgage and housing finance sectors. She has previously contributed to National Mortgage Professional and various national and regional publications.
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