Built on cloud technology, the Common Securitization Platform (CSP) was developed for real-time market changes and scalability to undergird housing finance. These were tested in 2020 when the pandemic resulted in dramatically higher housing origination and refinance volumes and new disclosure requirements necessary for borrower assistance plans. CSP’s Common Securitization Platform helped keep the U.S. housing market liquid while it managed an unprecedented spike in MBS volumes as well as the industry’s change to a new index for adjustable-rate securities.
- Administers $5 trillion of MBS securities
- Between $125 and $175 billion of monthly new mortgage-backed security volume issued for Fannie Mae and Freddie Mac at its go-live date in June 2019
- Routinely issues ~$300 billion in new securities monthly