HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.

2020 HW Tech100 Mortgage winner: Common Securitization Solutions by Fannie Mae and Freddie Mac

Increasing secondary mortgage market liquidity

The CSS Common Securitization Platform helps increase secondary mortgage market liquidity through the uniform mortgage-backed security by functioning as one common, flexible technological and operational platform to store, process and transmit the large volume of data required to administer 1 million securities representing $4.8 trillion unpaid principal balance. As the agent for issuance of Freddie Mac and Fannie Mae single-family mortgage-backed securities, CSS built and operates the CSP for release of related loan and security-level disclosures, and ongoing administration of mortgage securities. The CSP consists of five modules: Data Acceptance, Issuance Support, Bond Administration, Tax and Disclosure.

  • Through the CSP, CSS has administered between $125 billion and $175 billion of monthly issuance volume and direct payments on securities.
  • Tradeweb reports MBS volumes on its trading platform alone are up a significant 28.6% year-to-date.
  • Since the start of forward trading in March 2019, more than $18 trillion in UPB of securities have traded, making the combined TBA market second only to the market for U.S. Treasuries in size and liquidity.


Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please