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Loan Modification

: Loan Modification & Home Loan News

Fannie, Freddie want servicers to assume risk

By Moe Bedard

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Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), which are controlled by the U.S. government, together own or guarantee more than half of the $11 trillion of U.S. home mortgages. Allegations that some banks used shoddy paperwork in processing foreclosures has sparked a wave of lawsuits, and more borrowers are expected to challenge foreclosures in court. [...]

Full post as published by Loan Modification & Home Loan News on October 25, 2010 (boomark / email).

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