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GC Asia
FHFA appoints new chair of common securitization platform
The Federal Housing Finance Agency on Wednesday announced the appointment of J. Christopher Giancarlo as chairman of Common Securitization Solutions, which runs the technology behind the agency’s Uniform Mortgage Backed Security (UMBS) program.
Giancarlo, who is the former chairman of the Commodity Futures Trading Commission, will serve as non-executive chairman of CSS, which will also amend the structure of its board to include up to nine total members, including the two seats held by Fannie Mae and Freddie Mac.
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