A data company in Bethesda has filed a notice of plans to cut 36 local positions this month.

Common Securitization Solutions on Wisconsin Avenue is “a joint venture owned by Fannie Mae and Freddie Mac,” according to the company’s website.

The company’s website says it works on a platform that gives the federal mortgage entities Fannie Mae and Freddie Mac a shared system for “storing, processing and transmitting large volumes of data.”

Common Securitization Solutions announced the job cuts, effective Nov. 22, through the federal Worker Adjustment and Retraining Notification Act, which requires employers to give notice of plant closings or mass layoffs.

The company’s public WARN Act notice says 36 jobs were to be cut in Maryland and one job in California.

Common Securitization Solutions’ website lists two offices for the company. The other is in Pasadena, California.


The WARN notice says the cuts are part of a “company restructuring,” but gives no other details. The Bethesda office did not return two phone messages and two emails seeking comment on Tuesday and Wednesday.