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Article: The Bank of New York Mellon Selected by Freddie Mac as Designated Custodian.
- Article from:
- PR Newswire
- Article date:
- June 30, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Agreement Encompasses Custody and Certification Services for Single-Family Mortgages
NEW YORK, June 30 /PRNewswire-FirstCall/ -- The Bank of New York Mellon , the global leader in asset management and securities servicing, has been selected by Freddie Mac to serve as its Designated Custodian for documents related to its single-family mortgage business. After a transition period, Freddie Mac will cease to act as its own custodian for single family mortgage documents.
As part of the agreement, The Bank of New York Mellon will receive, review and certify, as required, the documents for single-family mortgages delivered to Freddie Mac and provide other ...