TITLE

Fannie Move Could Expedite Pain

AUTHOR(S)
Hochstein, Marc
PUB. DATE
January 2010
SOURCE
American Banker;1/5/2010, Vol. 175 Issue 2, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents a business forecast of the U.S. government sponsored business enterprise Fannie Mae. Fannie Mae has changed one of its policies for eliminating foreclosed homes in a manner that could force servicers to endure hardship sooner. Fannie Mae announced that it reserves the right to accept offers for repossessed homes without informing the servicer and regardless of whether the loan review has been completed.
ACCESSION #
47353272

 

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