Fannie Stalls Effective Date for Servicer Insurance Requirements
June 1, 2012
Fannie Mae last week announced it has postponed its June 1 implementation deadline of the GSE’s new requirements for lender “force-placed” insurance policies until further notice. The company’s May 23 announcement does not provide a new effective date but Fannie does encourage its servicers “to implement as many of the requirements as practically feasible.” …