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Home | News | Secondary Market

Freddie Mac Elects New Member to Board of Directors


-+*Freddie Mac recently announced the election of Lance F. Drummond as a director on the Enterprise's board. Drummond, 60, is a senior business leader with extensive experience specializing in business transforming strategy development and execution, operations, technology, and process re-engineering.

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GSEs Partner With Industry to Form Advisory Group For Common Securitization Platform

GSE, Fannie Mae, Freddie Mac News, Mortgage Finance

-+*The CSP is a technology and operational platform that is being developed by CSS, the companies said. This new development is a new venture of both Freddie Mac and Fannie Mae. CSP will perform many of the core back office operations for the Single Security, as well as most of the Enterprises' current securitization functions for single-family mortgages, on behalf of the Enterprises.

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