The Federal Housing Finance Agency is moving ahead with plans to create a new securitization platform that will one day serve as a public utility for the issuance of mortgage-backed securities. 

In a speech to business economists, FHFA Acting Director Edward DeMarco said that Fannie Mae and Freddie Mac would merge some of their existing operations in order to build the new platform. Eventually, however, the platform would be independent of both government-sponsored enterprises, including having its own chief executive and board of directors.

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