· Fannie Mae’s new Mortgage Release guidelines are part of a broader Servicing Alignment Initiative. The Servicing Alignment Initiative is a FHFA directed effort to establish more consistent processes for the servicing of delinquent loans owned or guaranteed by Fannie Mae and Freddie Mac. The goal of the Servicing Alignment Initiative is to.
Fannie Mae, which stands for the Federal National Mortgage Association, does not do direct loans to borrowers, but it does provide money to the "secondary market," or lenders. Fannie Mae loan guidelines are not as strict as others, such as those for loans backed by the Federal Housing Administration (FHA).
On April 28, Fannie Mae released their Servicing Alignment Initiative- Overview for Fannie Mae Servicers. FHFA Mandates Alignment of Servicing Requirements Today, the Federal Housing Finance Agency (FHFA) announced that it has directed Fannie Mae and Freddie Mac to align servicing guidelines in four key areas: (1) borrower contact, (2) delinquency management practices, (3) loan [.]
Fannie and Freddie Get Handed New Mortgage Servicing Guidelines from FHFA By Kyle Chezum Updated on 4/29/2011. Fannie Mae and Freddie Mac, the two large government sponsored entities that currently manage the bulk of the nation’s mortgages, have been directed by the Federal Housing Finance Agency to revise how they handle mortgage delinquencies.
Home prices in Santa Clara County shoot up  The U.S. median home value matches the county prices calculations. For comparisons purposes, the calculated median home value reflects all homes while NAR’s U.S. median price represents home sales. Thus, the calculated price ($213,099) is expected to be lower than NAR’s home value ($253,600 in Q2 2017).Wells Sees 60-70% Loss Severity in Option-ARMs The Norris Group Real Estate News Roundup 10/9/09 – A new Wells Fargo report projects big losses due to ALT-A and Option ARM recasts. Congress doubts that Treasury Department’s $50 billion loan-modification program will help 3-4 million foreclosures. The OC Register reports the smallest home-price loss in two years.
Building off of the Federal housing finance agency’s previously announced initiative to align Fannie Mae’s and Freddie Mac’s servicing guidelines, Fannie Mae issued two wide-reaching announcements to its servicers on Monday. The guidance covers new foreclosure time frames and a glut of borrower-outreach and delinquency-management protocols.
Fitch Warns on Option ARMs; High Defaults Await (Tanta @ Calculated Risk) Having done my share of griping about the FDIC’s plan for modifying indymac loans, I feel obligated to point out that I didn’t describe the program as fully and accurately as I might have. This is a problem I must rectify. I’m not, apparently, the only one who missed the implications of the FDIC’s use of the term "principal forbearance" in the context of this plan.
"Fannie Mae and Freddie. pooling and servicing agreement; and transparent servicing requirements. It would also need to have a servicing compensation structure that promotes competition; detailed,
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Fannie Mae and Freddie Mac are issuing new guidelines to servicers in order to align their procedures for handling past-due mortgages. The objective is to ensure consistent servicing requirements.