| Mar 24, 2011 11:37AM Effective April 1, servicers managing Freddie Mac loans will no longer be allowed to foreclose on properties in the name of Mortgage Electronic Registration Systems (MERS). This was one of a several changes announced yesterday by Freddie Mac through Single-Family Seller/Servicer Guide Bulletin 2011-5 . According to the directive, Freddie has "eliminated the option for the foreclosure counsel or trustee to conduct a foreclosure in the name of MERS. Effective for Mortgages registered with MERS that... Mar 24, 2011 5:46PM From where you sit there appears to be little volatility in mortgage rates. Today was the FIFTH consecutive session where loan pricing either remained the same or worsened by a thin margin. We've been stuck in a "directional drift". Economic data and headline news events have done very little to motivate investors. Many market players seem to be waiting on the sidelines in preparation for their next move. All this makes it hard to communicate a sense of urgency but .... Those thin margins are starting...
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