Servicer Hall of Fame has dubious proprietor

Freddie Mac last week inducted eight loan servicers into its “2003 Tier One Hall of Fame.” The tier designation is Freddie Mac’s way of ranking its servicers on the basis of benchmarks that include “investor reporting and default management.” Servicers that achieve a top Tier One rating for superior results for at least two quarters in a year get fee waivers, financial rewards, national recognition and other benefits.

The “2003 Tier One Hall of Fame” inductees may be deserving of praise, but Freddie Mac is hardly in a position to evaluate other corporations on the basis of their investor reporting. The mortgage giant promised to file periodic financial reports with the Securities and Exchange Commission some time ago, but has yet to do so due to its own internal accounting problems. –Marcie Geffner

How many lawyers are at the bottom of the bay? Not enough.

The latest liability scare at open houses is people taking off their shoes at the front door and then slipping down the steps and suing the agent or the seller.

Just a few years ago, the trend was to encourage people to take off their shoes; it of course kept the home clean, but it also sent a message that the home was special.

Not anymore. Now Realtors are telling open-house lookers to keep their shoes on.

We noticed that it has also improved the general scent of the home during open houses.

Stay calm, the party is not over

On Friday, the benchmark 10-year Treasury note rose to 4.1 percent from 4.05 percent at the previous close, the highest since the first week in February. We hate to be so short-term in our thinking, but the housing market is absolutely wonderful with rates comfortably below 6 percent again. We would hate to see anything change this picture.

Nevertheless, we hear not-so-good stories out of Charlotte, N.C., Denver, and, of course, Dallas, where inventory is not moving as fast as everyone would like.

Harbingers? We hope not, but we continue to believe with all of our hearts that nothing lasts forever. One exception: San Francisco continues without interruption to be the most beautiful place in the world.

To see the complete Inman News Blog, join Inman News.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Network with CoStar, Redfin, Realogy, SERHANT., Divvy, and thousands more in-person at ICLV this October. Prices go up Sunday.Register Now×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription