The new head of Fannie and Freddie is mum on his plans.
Should the banks that helped create the foreclosure crisis now be allowed to profit from it by renting out foreclosed homes? That’s the question being asked in response to a Bloomberg report last week that several major financial and investment companies have proposed just such a solution to the Federal Housing Finance Agency. The FHFA
How home loan servicers should be compensated is a subject of intense debate in the mortgage industry today, as servicers have come under fire for their inaccessibility to homeowners and sloppy foreclosure-processing practices. To fix the problems, the Federal Housing Finance Agency, or FHFA, has told Fannie Mae and Freddie Mac to work on proposals