Pricey Fannie Servicing Purchases Were Justified, Watchdog Report Finds

When Fannie Mae agreed to pay Bank of America $512 million to buy the right to administer 384,000 loans last year, members of Congress questioned the size of the payment to the beleaguered servicer.

Article source: http://www.nationalmortgagenews.com/dailybriefing/pricey-fannie-servicing-purchases-justified-1032252-1.html

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