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Freddie Mac's Docs Guidelines Remain Unchanged By Foreclosure Crisis.(Special Report)
Byline: James Comtois
Washington-Should mortgage documents and forms be updated to reflect lessons learned from an ongoing market crisis? A negative answer may not convince everyone, it, however, is the case with at least one government-sponsored enterprise even though most loans operated in the marketplace today are GSE loans.
Despite the economic environment seeing drastic changes in the past few months, including the recent foreclosure crisis and the emergence of new government programs such as the Troubled Asset Relief Program, Public-Private Investment Program, or the Making Homes Affordable Program, Freddie Mac's document custody guidelines have remained unchanged.
According to its Document Custody Procedure Handbook, Freddie's guidelines for document custodians has not changed since September of last year, a month before the Emergency Economic Stabilization Act of 2008 was signed into law. The GSE does not appear to have introduced any new forms or documents, as one would expect to see in ...
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...includes tips on Freddie Mac document custody programs and requirements...about outsourcing document custody to Freddie Mac or another vendor...given topic. Freddie Mac designed the site...information about document custody and relevant ...
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- Joseph A. Smialowski has been named executive vice president, operations and...
- Magazine article from: Mortgage Banking December 1, 2004 700+ words
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- DOCUMENT CUSTODY: Special Report.
- Magazine article from: Mortgage Servicing News March 1, 2000 700+ words
...be a challenge to keep all these records in order. Enter document custody services. It's a business that straddles the old world...the government-sponsored agencies like Fannie Mae and Freddie Mac, the documents must be housed in repositories that meet...
- Freddie Mac Endorses MPI's Mentor P&I Custodial Accounting Module.
- Press release article from: Business Wire August 24, 1998 700+ words
...technology solutions for the mortgage industry, today announced Freddie Mac's endorsement of its MENTOR(r) Freddie Mac P&I Custodial Accounting Module. According to Freddie Mac, the Freddie Mac P&I Custodial Accounting Module...
