Fannie, Freddie align servicing guidelines for delinquent mortgages

Fannie Mae Issues New Servicing Standards for Delinquent Mortgages . Fannie Mae issued new standards June 6 to mortgage servicers regarding the management of delinquent loans, default prevention and foreclosure timeframes. The move seeks to better align the procedures of Fannie Mae and Freddie Mac in handling delinquent mortgages.

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April 15, 2015, Fannie mae issued ann. svc-2015-06: miscellaneous servicing Policy Changes. Fannie Mae is amending its policies and requirements related to the following: Processing Additional Principal Payments for Delinquent Mortgage Loans Accepting Funds from Hardest-Hit Fund (HHF) Programs and Housing Finance Agencies (HFA) Processing a Partial Reinstatement During Foreclosure.

When a borrower is delinquent on mortgage payments, Fannie Mae and its servicers use. directive required the Enterprises to align standards for property inspections.3. Guidelines for Servicing Delinquent Mortgages.

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MBA: Jumbo loans drive mortgage credit availability Brena Swanson is formerly the Digital Reporter for HousingWire. Brena joined the HousingWire news team in February 2013, also serving in the.

Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by ""Fannie Mae"":http://www.fanniemae.com and ""Freddie. www.freddiemac.com/sell/guide/bulletins/pdf.