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HanoverTrade Does 1st Servicing Deal.

Mortgage Servicing News

| September 01, 2001 | COPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

HanoverTrade.com has brokered the sale of servicing rights on a $100 million portfolio of Freddie Mac and private investor loans for a Southeastern financial institution.

The transaction marked the first servicing deal for the firm's new servicing exchange unit here, providing a boost for online servicing transactions.

Neither the buyer nor the seller was disclosed. The servicing transfer is scheduled to take place this month.

HanoverTrade.com senior vice president Gerry Risi ...

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Source: HighBeam Research, HanoverTrade Does 1st Servicing Deal.

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