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Fannie Mae and Freddie Mac announced the appointment of Anthony N. Renzi as Chief Executive Officer of Common Securitization Solutions LLC (CSS), the joint venture established by the government-sponsored enterprises (GSEs) to create a new single securitization infrastructure. Renzi replaces David Applegate, who announced earlier this year that he would be stepping down before the end of the year.

"We are fortunate to have found an individual with deep industry experience in leading large, complex organizations," said David Benson, president of Fannie Mae and CSS Board Member. "We're delighted to welcome Tony to the CSS organization and look forward to working with him to strengthen and grow the services provided by CSS."