Freddie Mac has launched a project to correct some “operational deficiencies” in how it transfers money in and out of mortgage-backed securities trusts. The GSE said in its 2015 10-K filing that the issue has not had a material impact on its earnings or on investors in its MBS. Freddie explained that seller/servicers deposit various funds – such as mortgage principal and interest payments owed to MBS investors and guarantee fees due to the GSE – into custodial accounts for securitization trusts. The funds owed to the company are classified as restricted until they are transferred to an operating cash account. Management, however, determined that Freddie has not maintained detailed pool-by-pool records of funds in the custodial account...