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Loan Modification

: Mortgage Lender Implode-o-Meter

Freddie Outsources SFM Custodial Work

By Implode-Explode Heavy Industries

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"Mortgage giant Freddie Mac (FRE: 0.6107 -4.58%) selected asset manager and securities servicer Bank of New York Mellon as custodian for documents related to its single-family mortgage business, effectively outsourcing the role after a three-month transfer period."

Full post as published by Mortgage Lender Implode-o-Meter on July 02, 2009 (boomark / email).

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