Fannie Mae Says Foreclosure Delays Represent a Breach by the Servicer

By: Carrie Bay The nation’s largest mortgage company is about to start cracking down on servicers for letting delinquent loans languish too long without action. Fannie Mae issued a notice this week alerting servicers that it is monitoring all delinquent loans in its portfolio and mortgage-backed securities (MBS) pools to ensure foreclosures are handled within […]

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