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Marathon’s Marix Named Freddie Servicer

in Government May 11, 2009 816 Views

""Marix Servicing LLC"":http:// www.marixservicing.com, a specialty default servicer located in Phoenix, Arizona, recently announced that the company has been approved by"" Freddie Mac"":http://www.freddiemac.com as a servicer for the GSE's home mortgage (1-4 unit) program.
The company explained that the approval signifies Marix's ability to service investment-quality loans employing Freddie Mac’s high quality control standards, staffing requirements, and proper procedures.
Rick Smith, president and CEO of Marix, commented, ""We are proud of the work that we do at Marix, assisting asset owners and their borrowers during these tough economic times. Freddie Mac’s confirmation further validates our efforts to be a superior mortgage servicer.""
Marix Servicing was formed by ""Marathon Asset Management, LLC"":http://www.marathonfund.com . Marathon is a global investment firm with $10 billion in capital under management. The firm has broad experience investing in and financing residential mortgage loans, and a history of investing in the financial services industry.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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