Reuters: Regulatory News: U.S. housing regulator files paperwork for new securitization firm

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U.S. housing regulator files paperwork for new securitization firm Oct 7th 2013, 20:06 WASHINGTON | Mon Oct 7, 2013 4:06pm EDT WASHINGTON Oct 7 (Reuters) - The regulator overseeing major mortgage finance sources Fannie Mae and Freddie Mac on Monday said it filed legal paperwork to create a common platform for the two firms to issue mortgage-backed securities. The regulator, the Federal Housing Finance Agency, said in a statement it established a new company called the Common Securitization Solutions, LLC, as a limited liability company with the state of Delaware. The joint venture is intended to help securitize home loans and consolidate some of functions currently replicated by Fannie Mae and Freddie Mac.

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