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Data Custody.(Special Report)
Like never before, data gathering, reporting and custody are in the spotlight. The industry is investing in transparency efforts designed to ensure information is not lost during the life of a mortgage asset. The goal is to provide banks, issuers and investors an unbroken chain of data from origination to servicing to securitization.
A popular data source for mortgage servicers is Mortgage Electronic Registration Systems. On the heels of the Obama administration making public its mortgage relief plan, MERS is helping the effort. Lenders receive financial incentives when they help modify or refinance loans into more affordable terms. Homeowners seeking to modify or refinance need to contact the mortgage ...
- Freddie Adds Doc Custody Page to Site.(Freddie Mac)
- Magazine article from: National Mortgage News CORNWELL, TED October 11, 1999 700+ words
...manager includes tips on Freddie Mac document custody programs...outsourcing document custody to Freddie Mac or another vendor, and...about Mortgage Electronic Registration Systems, as well as a list of Freddie Mac officials to contact for...
- Freddie Mac Names Paul Mullings Senior Vice President of Single Family Mortgage...
- Press release article from: PR Newswire June 15, 2005 700+ words
...McQuade. Mullings joins Freddie Mac from JP Morgan Chase...markets underscore Freddie Mac's commitment to being...Mortgage Electronic Registration Systems, Inc. (MERS...London, England. Freddie Mac is a stockholder...
- Fannie Mae and Freddie Mac set to revise forms.
- Magazine article from: Origination News Venetis, By Kyriaki July 1, 2000 700+ words
...joint effort with Freddie Mac to revise the forms...Family Fannie Mae/Freddie Mac Uniform Instrument...Mortgage Electronic Registration Systems was named as the...Mortgage Electronic Registration Systems Inc. as the mortgage...
- Roundup: MERS Hits 10 Million Loan Benchmark.(mortgage electronic registration...
- Magazine article from: Mortgage Servicing News November 1, 2002 700+ words
...million loans. Mortgage Electronic Registration Systems, informally MERS, announced recently...Dovenmuehle Gets Freddie Deal McLean, VA-Freddie Mac and Dovenmuehle Mortgage have announced...Lenders that sell their mortgages to Freddie Mac under this new arrangement and retain...
- MERS aids electronic mortgage program. (Mortgage Electronic Registration...
- Magazine article from: Mortgage Banking Schneider, Howard January 1, 1997 700+ words
...problems is the promise of the new Mortgage Electronic Registration Systems, Inc. (MERS). Knutson Mortgage is one of MERS' charter...industrywide cooperation behind the initiative. Fannie Mae and Freddie Mac each invested $1 million in MERS as startup capital...
- MERS: every commercial loan needs a MOM. (Commercial).(Mortgage Electronic...
- Magazine article from: Mortgage Banking Schiavo, Deborah A. Smuckler, Gary S. Liu, Henry January 1, 2003 700+ words
...trustee and then on to an agency such as Fannie Mae or Freddie Mac. Each time the loan is sold or assigned, it's possible...problem for residential loans by creating Mortgage Electronic Registration Systems Inc. (MERS), Vienna, Virginia. It is a system designed...
- Commercial Gets A Turn: MERS' commercial registry is currently up and running...
- Magazine article from: Mortgage Technology Thangavelu, Poonkulali July 1, 2004 700+ words
...unique and doesn't exist in the residential system. And more importantly, you don't have the equivalent of Fannie Mae, Freddie Mac and Ginnie Mae in the CMBS marketplace. These securities in question are sold to Wall St. firms. The commercial system...
- 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...
