Skip to main content

Fay Servicing Approved as a Freddie Mac Seller/Servicer

NationalMortgageProfessional.com
Jun 01, 2015

Fay Servicing has announced that it has now been approved as a Freddie Mac seller and servicer. This is an important designation for Fay Servicing that validates the company’s expertise, servicing success and commitment to compliance.

This approval allows Fay Servicing to both sell conventional loans to Freddie Mac, as well as service the GSE’s securities. It also gives Fay Servicing the ability to purchase FHLMC MSRs on a bulk and flow basis.

“Receiving the Freddie Mac approval is an exciting achievement and an important step in the overall success of our company,” said Ed Fay, chief executive officer of Fay Servicing. “We look forward to applying our borrower-centric business model when we sell loans to Freddie Mac and service the organization’s securities.”

Published
Jun 01, 2015
Rocket Launches Visa Signature Card

Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.

Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023