Monthly Archives: May 2011

Fannie Mae and Freddie Mac to Align Guidelines for Servicing Delinquent Mortgages

“Federal Housing Finance Agency Acting Director Edward J. DeMarco hasdirected Fannie Mae and Freddie Mac (the Enterprises) to align their guidelines for servicing delinquent mortgages they own or guarantee. The updated framework will establish uniform servicing requirements as well as monetary incentives for servicers that perform well and penalties for those that do not.”

Click here for full article – FHFA NEWS RELEASE