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Real Estate & Property Law

: Housing Wire

Freddie Outsources SFM Custodial Work

By DIANA GOLOBAY

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Mortgage giant Freddie Mac (FRE: 0.64 +3.23%) selected asset manager and securities servicer Bank of New York Mellon (BK: 28.69 -2.12%) as custodian for documents related to its single-family mortgage business, effectively outsourcing the role after a three-month transfer period. As of October 1, BNY Mellon will begin receiving, reviewing and certifying documents for single-family residential [...]

Full post as published by Housing Wire on July 01, 2009 (boomark / email).

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