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Real Estate & Property Law

: Housing Wire

Servicers Can Modify Current Loans, Fannie Mae Says

By PAUL JACKSON

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In a move likely to be echoed by Freddie Mac (FRE: 0.84 -2.33%), and perhaps a blueprint for changes in the private-party mortgage market, housing finance giant Fannie Mae (FNM: 0.84 -3.45%) said late Monday that it had taken a series of steps to allow servicers to intervene in troubled mortgages before a borrower becomes [...]

Full post as published by Housing Wire on December 08, 2008 (boomark / email).

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