Fay Servicing Approved as a Freddie Mac Seller/Servicer – NMP 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
Online Brokerage REX Pursues Litigation Against Zillow & NAR

The legal battle between REX Home Loans (Real Estate Exchange, Inc.) and NAR continues to heat up, even though REX is reported to have shut down operations.

Industry News
May 16, 2022
Fannie Mae Seeks Innovative Housing Ideas

Sustainable Communities Innovation Challenge seeks ideas to advance racial equity in housing, focusing on addressing supply, funding and credit barriers.

Industry News
May 16, 2022
BSI Financial Hires Execs To Drive HR, Investor Reporting

Sean McGowan will lead HR, training and company culture; Shannon Clay to head investor reporting, reconciliations, and cash management initiatives.

Industry News
May 16, 2022
Home Point First Quarter Earnings Down Significantly

Net income down more than 90% from a year ago.

Industry News
May 13, 2022
New FHA Head Approved After Lengthy Delay

Vice president breaks tie vote for Julia Gordon nomination confirmation.

Industry News
May 12, 2022
Rocket CEO Predicts A Recession

He's seeing consumer spending decline through their TrueBill system

Industry News
May 12, 2022