Freddie Mac and Common Securitization Solutions remain on track for the first stage of the ambitious Single Security to be implemented next year, according to officials speaking at this week’s secondary market conference sponsored by the Mortgage Bankers Association. David Applegate, CEO of CSS – the joint venture owned by the two government-sponsored enterprises that is building the common securitization platform – also said the project is on target to reach the second stage sometime in 2018. That’s when Fannie Mae will switch its to-be-announced business to the CSP and begin issuing Single Securities that will be fully interchangeable with Freddie Single Securities. Renee Schultz, senior vice president of capital markets at Fannie, said...