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Loan Modification

: Mortgage Lender Implode-o-Meter

GSEs, HUD Exploring Updated Loan Servicer Compensation Models

By Implode-Explode Heavy Industries

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"The Federal Housing Finance Agency (FHFA) announced Tuesday that it has instructed Fannie Mae and Freddie Mac to study possible alternatives to the current servicing and compensation structure that they employ for their single-family mortgage loans. The initiative will seek to improve service for borrowers, reduce financial risk to servicers, and provide flexibility for guarantors to better manage non-performing loans."

Full post as published by Mortgage Lender Implode-o-Meter on January 18, 2011 (boomark / email).

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