Tuesday, October 8, 2013

Will I be hired as the Chairman of the Board for Common Securitization Solution, LLC?

Given that I literally invented the idea of a common securitization platform and know more about how this business should operate than literally anyone else, I wonder if the executive recruitment firm hired by Fannie Mae and Freddie Mac will identify me as one of the candidates for being the Chairman of the Board of the joint venture, the Common Securitization Solution, they are forming?

As reported by National Mortgage News,

The government-sponsored enterprises are making significant progress toward creating a common securitization platform for the issuance of Fannie Mae and Freddie Mac MBS, according to the GSE regulator. 
The Federal Housing Finance Agency said that Fannie and Freddie have leased office space in Bethesda, Md., for the joint securitization venture. And a certificate of formation has been filed with the Delaware secretary of state to create a limited liability company that will be called Common Securitization Solutions LLC. 
In addition, an executive recruitment firm has been retained to identify candidates for the positions of chief executive officer and chairman of the board of managers for CSS, the FHFA said Monday....

Once completed, the common platform will issue Fannie and Freddie MBS and possibly private-label MBS.

No comments: