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Freddie Mac Comments On Florida Supreme Court Ruling

Freddie Mac Comments On Florida Supreme Court Ruling

Ratings: (0)|Views: 97 |Likes:
Published by stacyvan
Our comments focus on the Task Force's recommendation to require plaintiffs’ in foreclosure actions to verify that they own and hold the mortgage secured by the property subject to foreclosure.

Freddie Mac does not originate Ioans in the primary mortgage market. We fulfill our mission by purchasing residential mortgages in the secondary market and securitizing them into mortgage-backed securities that can be sold to investors. Banks the non-banks financial companies typically service the mortgages that we own in accordance with the requirements set forth in our Single-Family Seller/Servicer Guide (the “Guide”), which is our master servicing contract.
Our comments focus on the Task Force's recommendation to require plaintiffs’ in foreclosure actions to verify that they own and hold the mortgage secured by the property subject to foreclosure.

Freddie Mac does not originate Ioans in the primary mortgage market. We fulfill our mission by purchasing residential mortgages in the secondary market and securitizing them into mortgage-backed securities that can be sold to investors. Banks the non-banks financial companies typically service the mortgages that we own in accordance with the requirements set forth in our Single-Family Seller/Servicer Guide (the “Guide”), which is our master servicing contract.

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Published by: stacyvan on Jun 05, 2012
Copyright:Attribution Non-commercial

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01/06/2013

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