The Fannie Servicing Mystery Solved?

Fannie Mae’s PR department might contend that the GSE isn’t in the business of servicing loans, but everyone in the mortgage business knows that such a statement is, shall we say, a misnomer. The government-controlled secondary market giant—as a technical matter—owns the servicing rights to every loan it guarantees, but it’s the GSE seller/servicer that owns the “contract” to process those loans.

Article source: http://www.nationalmortgagenews.com/nmn_features/fannie-servicing-mystery-solved-1027751-1.html

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