This just in! Freddie Mac has announced the selection of JPMorgan Worldwide Securities Services to provide transaction processing and recordkeeping for its approximately $700 billion portfolio of mortgage-backed securities and short-term assets. I do believe in streamlining a process if you need to. “You cannot be everything to everybody.” I am sure you have heard that saying. It is better to give it to the person or company that is better equipped to handle that task which will free one up to do what they are good at. Do you agree? Freddie Mac’s senior VP said this will simplify the company’s operating environment and enable it to manage its investment assets at the Federal Reserve Bank and the Depository Trust Co. more efficiently. If you would like additional information about this article, view the entire story at www.mortgage-technology.com/plus
