(RECAP: Representatives from the FHFA, Fannie Mae, Freddie Mac and Common Securitization Solutions all said the development of single security is still years way from implementation, without specifying just how many years that might be. Robert Fishman, the senior associate director for the office of strategic initiatives at the FHFA, acknowledged the potential impact of the bill put forth by Sen. Richard Shelby, R-Ala. Shelby’s bill addresses changes to the GSEs as well as an overhaul of mortgage lending. Fishman suggested that Shelby’s bill, if passed, could expedite the development of the Common Securitization Platform (CSP).)