Fannie Mae Unveils New Attorney Network; Loss Mitigation Incentives
August 14, 2008
Seeking to get a firmer grip on the foreclosure process, Fannie Mae is launching a new network of foreclosure and bankruptcy attorneys that may give servicers less leeway in handling seriously delinquent mortgages. In Announcement 08-19, the government-sponsored enterprise said the new network of foreclosure attorneys “will foster a more disciplined, end-to-end approach to default...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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