With Single-Family Seller/Servicer Guide Bulletin 2009-16 (Outsourcing Document Custodial Operations), Freddie Mac is announcing that beginning October 1, 2009, Freddie Mac will no longer directly provide note certification and custody services. Freddie Mac will transfer the notes and related documents currently held by Freddie Mac's Document Custodial Operations (DCO) to the Designated Custodian, The Bank of New York Mellon Trust Company, N.A. (BNYM).
On or before October 1, 2009, each Seller/Servicer currently using DCO must submit the appropriate forms and other documents, as detailed in Bulletin 2009-16, to establish a custodial relationship with either BNYM or another third-party document custodian.
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