Archive for June 2015

CHICAGO–(BUSINESS WIRE)–Fay Servicing, a residential mortgage special servicer, 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…

Returning private-label securitization to the housing market will require more than rebranding By Ed Fay, founder and chief executive officer, Fay Servicing Many people who earn their living in the residential mortgage industry are eager to see the private-label securitization(PLS) market come back to life in a responsible way. Recent deals such as the first…